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Asset Report 20 March 2025

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Report summary

A Russian-led consortium operates the giant M25 acid gas field in south Uzbekistan, close to the border with Afghanistan. A PSC was awarded in 2017 for M25 and the surrounding block (Independence of Uzbekistan). The field was formerly known as Gadzhak.An initial US$2.3 billion (2025 terms) investment project is under execution, following FID in 2019. This includes M25 Early Gas and Phase One, which centre on commissioning of a large gas processing plant (GPP). The GPP will have capacity to ...

Key facts
Summary and key issues
- Summary
- Key issues
Location maps
Participation
- Current PSC (2017 onwards)
  - Naming convention
  - Ownership
  - Operator
- Historical participation
  - Baisun PSC (2010-15)
Geology
- M25
  - Jurassic reservoirs
  - Cretaceous reservoirs
- Kognisai
Well data
Exploration
- Historical E&A activity
  - Soviet era
  - Baisun PSC (to 2015)
- Current PSC (2017 onwards)
  - M25 appraisal
  - Surrounding block
Reserves and resources
- M25
  - Reported data
  - Modelling
- Kognisai
Production
- Gas
  - Overview
  - Development phases
- Liquids
Development
- Key development metrics
Infrastructure
- Gas
  - Initial transportation
  - Marketing
- Other products
  - Sulphur
  - MTO products
Costs
- Capital costs
  - M25 phases
  - Modelling
- Project financing
- Operating costs
  - Field costs and general and administrative (G&A) costs
  - Transportation costs
3 more item(s)...