BAKU, Azerbaijan, August 3. Uzbekistan's state
energy company Uzbekneftegaz and China's Honghua Group discussed
accelerating the delivery of drilling equipment and expanding
cooperation to support the country's growing oil and gas drilling
operations.
This was reflected in the statement by the Uzbekneftgaz.
The talks took place during a visit by a delegation led by
Uzbekneftegaz Chairman Abdugani Sanginov to China, where the
delegation met with executives of Honghua Group, one of the
country's leading manufacturers of drilling equipment for the oil
and gas industry.
The parties reviewed the progress of ongoing joint projects and
discussed prospects for expanding their long-term partnership.
"Particular attention was paid to ensuring the delivery of
drilling equipment within the agreed timeframe and, where possible,
accelerating shipments to support drilling operations,"
Uzbekneftegaz said in a statement.
According to the company, the two sides have already signed
contracts for the supply of four ZJ70 drilling rigs with a 450-ton
lifting capacity.
During the meeting, the sides stressed the importance of
delivering the equipment as early as possible to accelerate
drilling activities and bring new wells into operation on
schedule.
The discussions also covered the development of UNG Burg'ilash,
Uzbekneftegaz's specialized drilling subsidiary established to
increase drilling capacity and strengthen the company's technical
capabilities. The parties explored opportunities to expand
cooperation to support the subsidiary's future operations.
In addition, the two sides exchanged views on the terms of
potential new orders, taking into account their long-standing
cooperation and the implementation of existing contracts.
The meeting reflects Uzbekneftegaz's broader efforts to
modernize its drilling fleet, expand domestic hydrocarbon
production and strengthen partnerships with international equipment
suppliers as Uzbekistan seeks to increase exploration and
production activities in the country's oil and gas sector.
