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Petrovietnam to launch prospective drilling in Uzbekistan

September 20/2011

(Trend) -- The Vietnamese Petrovietnam Exploration & Production (PVEP) will begin drilling the first exploratory well on the Kosorsky investment unit in Uzbekistans Ustyurt region in mid-2012, the National Holding Company (NHC) "Uzbekneftegaz" said.

The Vietnamese company is currently conducting a seismic survey on the Kosorsky unit. Results of field processing of the first seismic data showed high perspective for the unit, especially the Paleozoic sediments.

The information was provided at the Uzbekneftegaz leadership talks held last week with the Vietnamese government delegation, led by the Deputy Minister of Trade and Industry Minister Le Zan Vin.

The sides appreciated the course of geological work in the Kosorsky investment unit, conducted as a joint project with PVEP.

Preparations for signing an agreement between "Uzbekneftegaz" and the Vietnamese company, under the investment project "Joint study of Paleozoic sediments in some parts of the Bukhara-Khiva region," were also discussed.

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