Lukoil secures $500-million loan for Uzbekistan development

PJSC Lukoil said it received a $500-million loan to finance development of the Gissar Group’s gas-condensate fields in southeastern Uzbekistan (OGJ Online, Mar. 28, 2012).

The 5-year unsecured loan is for Soyuzneftegaz Vostok Ltd., a wholly owned indirect subsidiary of Lukoil, and is provided by a consortium of banks based in Luxembourg, France, Japan, Italy, Germany, the Netherlands, Russia, and Austria.

Lukoil said the production-sharing agreement for the Gissar project was signed in 2007 and the first gas fields were commissioned in 2011. At yearend 2015, proved reserves were 241 million boe, Lukoil said.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...