The Canadian oil and gas company Condor Petroleum plans to invest over US$ 1 billion for the operation of gas fields in the Bukhara province in 2021-2024, Dunyo news agency said.
This issue was discussed at a meeting between the Uzbek Ambassador to the United States and Canada Javlon Vakhabov and the heads - Chairman of the BOD of Condor Petroleum Dennis Balderston and the President & CEO Don Streu.
The project provides for the modernization and operation of five existing fields in the Gazli area with a twofold increase in production.
Condor Petroleum was established in 1994 and has been operating in Central Asia, North and South America, Indonesia, Libya, Angola, Turkey. The company has the largest and most technically advanced 3D seismic data acquisition and processing program in the Central Asia region. Its application made it possible to identify 79 promising oil production facilities for exploration with a total reserve of more than 1.5 billion barrels, Dunyo noted.
