Vsevolod Cherepanov, member of Gazprom International’s management board and Head of the Gas, Oil, and Gas Condensate Production Department, and Valery Gulev, Director General of Gazprom International, met with representatives of the leaders of the Kyrgyz Republic's ministry for energy and industry, headed by Askarbek Shadiyev. The meeting took place on February 8 in Kyrgyzstan as part of a joint working tour.
A wide spectrum of ideas was discussed at the meeting, including issues regarding Russian-Kyrgyz cooperation in the energy sector. Turgunbek Kulmurzayev, head of Kyrgyzgaz, also took part in the meeting.
The parties specifically discussed the current situation and outlook for carrying out Gazprom's hydrocarbon exploration and prospecting projects in the Kyrgyz Republic within the licensed fields of Kugart and Eastern Mayli-su IV.
Participants in the talks noted the strategic nature of cooperation between Kyrgyzstan and Russia in the energy sector, and the considerable interest in its productive development in the future. In addition, the Kyrgyz party stressed its readiness to deliver considerable assistance to Gazprom International, which is the operator for all of Gazprom's projects abroad in the hydrocarbon exploration, prospecting and production fields.
Those taking part in the meeting agreed that currently there exists great potential for broadening cooperation within the context of ongoing and prospective joint projects in Kyrgyzstan.
The Kyrgyz government and Gazprom International signed an agreement in May 2007, "Regarding the general principles for conducting geological studies of the subsoil in the oil-and-gas prospective fields in the Kyrgyz Republic."
In 2008, Gazprom was granted a license for mineral rights use in two prospective oil-and-gas-bearing areas in Kyrgyzstan, Kugart and Eastern Mayli-su IV. A phased program of geological surveying of the subsoil in these fields was also approved; this includes geological surveying, as well as prospect and exploratory drilling.
In that same year, a Memorandum of Understanding was signed, covering the development of cooperation within the context of the privatization of part of the government's shareholding in Kyrgyzgaz. Accordingly, the parties are examining the principles and methods for Gazprom's participation in the privatization of Kyrgyzgaz.
The prospective site of Eastern Mayli-su IV (Sharkaratma), with an area of approximately 20 square kilometres, is located 15 kilometres to the east of the town of Mayli-say. The main potential productive areas there lie at a depth of up to 800 meters; 2-D seismic surveying must be carried out over an area of between 100 and 150 linear kilometres in order to prepare the site for prospect drilling. Simultaneous processing and re-interpretation of the existing stocks of geological and geophysical materials will also take place.
The prospective site of Kugart, with an area of approximately 60 square kilometres, is located 10 kilometres to the northeast of the town of Jalal-Abad. The main potential productive horizons can be found at depths of from 1,000 to 2,800 metres. In order to prepare the structures for prospective drilling, it is essential to carry out 2-D seismic survey work over an area of between 450 and 500 linear kilometres, as well as processing and re-interpretation of the results from previous geological well studies. According to estimates, the site could contain more than 17 billion cubic metres of gas, and also around 4 million tons of oil and gas condensate.