Uzbek President Shavkat Mirziyoyev was presented with a report on measures to ensure stability and enhance the financial and economic efficiency of the oil and gas sector. The presentation analyzed the results of Uzbekneftegaz's activities for the first quarter of 2026 and identified key tasks for the near future. The main focus was placed on stabilizing production volumes and deep technological modernization of the industry.

Systematic work is underway in the sector to compensate for losses, repair existing wells, and launch new ones. Alongside technical measures, a strategy to optimize costs and reduce accounts receivable is being implemented. Particular attention is paid to improving market mechanisms and more efficient use of available resources to strengthen the financial discipline of enterprises.

The technological renewal of the industry is being carried out with the participation of international experts. In cooperation with foreign companies, a number of innovative solutions are being studied, which are planned to be gradually introduced into practice to increase well productivity. An important direction remains work with hard-to-recover reserves, which requires attracting advanced global experience in deep and complex drilling within the framework of medium-term programs.

Geological exploration work is also reaching a new level: the scale of 2D and 3D seismic surveys is expanding to identify promising areas. This year, the development of a number of new fields has already begun, where drilling is organized in accordance with international requirements. Design and geological-hydrodynamic modeling processes are constantly being improved through the introduction of supervision systems. Following the report, the head of state instructed to ensure the systematic nature of all production cycles and to use the industry's capacities as efficiently as possible.

Source: podrobno.uz