KULOB, December 16, 2008, Asia-Plus — Tethys Petroleum Limited (Tethys), has launched workover operations on the Khoja Sartez gas condensate field in the Khatlon province to re-enter one its well in and blast work has already been completed, Asia-plus has learned from Khayrullo Habibulloyev, director of open joint-stock company (OJSC) Kulobgaz (Kulob natural-gas distributor).
According to him, the Khoja Sartez field has practically not worked over the last three years and over the past two years, the city of Kulob has received natural gas from the Baljuvon district at the rate of only 6,000 cubic meters per day, while the city’s daily requirements in natural days are some 60,000 cubic meters.
“They have promised to supply not less than 10,000 cubic meters of natural gas per day from the Khoja Sartez filed in the near future,” Habibulloyev said.
Tethys is an independent upstream energy focused on oil and gas exploration and production activities in Central Asia firm with a focus on Central Asia with activities currently in Kazakhstan and Tajikistan. This highly prolific oil and gas area is rapidly developing and Tethys believes that significant potential exists in both exploration and in discovered deposits.
We will recall that Tethys on June 13 this year signed a deal with Tajikistan to develop five natural gas fields here. Following the signing ceremony, Tajik Energy and Industries Minister Gul Sherali said that under the agreement the company is granted licenses for 56 gas and oil fields in Tajikistan, including five gas fields such as Khoja Sartez, Uzunohor, Pushiyon and South Pushiyon. According to him, the fields have total estimated reserves of 1,500 billion cubic meters. The production sharing deal gives Tajikistan 30 percent of output at the first stage and 50 percent once Tethys recovers its costs, Gul said.
