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December 7, 2021

Karakul Investment Block Conventional Gas Field, Uzbekistan

By Carmen

Karakul Investment Block is a producing conventional gas field located onshore Uzbekistan and is operated by New Silk Road Oil and Gas. The field is located in block Karakul.

Field participation details

The field is owned by China National Petroleum and Uzbekneftegaz National Holding.


Production from Karakul Investment Block

The Karakul Investment Block conventional gas field recovered 13.72% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 0.14 thousand bpd of crude oil and condensate and 95 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2068. The field currently accounts for approximately 2% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 82.14 Mmboe, comprised of 0.79 Mmbbl of crude oil & condensate and 488.11 bcf of natural gas reserves. Karakul Investment Block conventional gas field reserves accounts 0.03% of total remaining reserves of producing conventional gas fields globally.


Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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