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Uzbekneftegaz, CNTIC aim to accelerate drilling rig deliveries
['Uzbekistan Economics Correspondent']
Trend – News from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.
Uzbekneftegaz and China's CNTIC discussed accelerating the delivery of three high-capacity drilling rigs worth more than $40 million to support the country's efforts to increase hydrocarbon production.
This was reflected in the statement by the Uzbekneftgaz following a meeting between Uzbekneftegaz Chairman Abdugani Sanginov and a delegation led by Yu Chunxiao, vice president of CNTIC.
The companies reviewed the implementation of ongoing joint projects, including a contract for the supply of three drilling rigs with a lifting capacity of 450 tons each.
During the talks, Sanginov emphasized the importance of delivering the drilling equipment ahead of schedule.
The discussions come as Uzbekistan continues to prioritize investment in modern drilling technologies and exploration activities to replenish hydrocarbon reserves and strengthen domestic energy production.