Geschäftsfelder

Natural Gas Production on the Rise

The GAZPROM Germania group’s 2010 exploration and production activities again centred on Central Asia and the North Sea. The focus of its activities was Uzbekistan, where the GPG group operates through its 50% joint-venture shareholding in Gas Project Development Central Asia AG (G.P.D.).

 

G.P.D. has held a 25% shareholding in another joint venture, Kokdumalak-Gaz, since 2006. In 2010, this company processed 6 Gm³ of associated gas for industrial and technical use, of which 2.4 Gm³ was exported.

 

The joint venture Gissarneftgaz, in which G.P.D. has a 40% shareholding, produced 4.1 Gm3 of natural gas in 2010, of which 1.7 Gm3 was exported. In addition to natural gas, Gissarneftgaz produced 105,600 tons of crude oil and 238,400 tons of condensate, which were processed in Uzbek refineries and sold on the local market as fuel.

 

Approximately 200 Mm3 of natural gas was produced in 2010 at the Shakhpakhty natural gas deposit under a production sharing agreement between the Uzbek national holding company Uzbekneftegaz and a consortium comprising G.P.D and the Russian Gazprom Zarubezhneftegaz CJSC.

 

GPG is active in the North Sea region through its involvement in the Wingate structure via a consortium (GPG share: 20%). In 2010, agreement on a field development plan was reached and approved by the relevant British authorities. Field development commenced with the construction of the drilling and exploration platform. Natural gas production is expected to begin in the last quarter of 2011, with most of the gas produced intended for sale through GM&T.

 

GPG’s participation in License P1138 includes the Emerald and Sillimanite structures. Due to infeasibility and difficulties with gas extraction, the consortium has decided to return the license for the Emerald structure to the British state after its expiry on 1 October 2011.

 

The Sillimanite project (GPG shareholding: 25%) is currently in the geological-technical planning stage. A license is due to be granted to the Dutch section of the structure in the first quarter of 2011. After that work will commence on the drilling of an exploration well.