Uzbek President Shavkat Mirziyoyev was presented with a report on measures being implemented in the system of the joint-stock company "Uzbekneftegaz" to ensure stable production indicators and increase financial and economic efficiency in the oil and gas sector. According to the presidential press service, the results of the first quarter of 2026, key tasks for the second quarter, and the dynamics of production and financial indicators were reviewed.

The report noted that work is being carried out consistently in the sector to stabilize production volumes, compensate for existing losses, commission wells, and conduct repair and technological measures. Simultaneously, efforts are underway to optimize costs, reduce accounts receivable, use resources efficiently, and improve market mechanisms in certain areas.

Particular attention was paid to improving well efficiency and introducing modern technologies into production. It was emphasized that, in cooperation with international companies, a number of technological solutions are being studied and are planned to be implemented step by step in practice.

Information was also provided on work to expand geological exploration, identify new promising fields, and develop them. Specifically, measures are being considered to increase the scale of 2D and 3D seismic exploration studies, commence drilling operations at new sites, organize drilling programs based on international requirements, and further improve processes such as supervising, geological-hydrodynamic modeling, and design.

Within the framework of medium-term programs, the importance of attracting advanced foreign expertise for working with hard-to-recover reserves and drilling deep and complex wells was highlighted. The head of state gave relevant instructions to ensure production stability in the oil and gas sector, productively utilize existing capacities, systematically organize geological exploration, drilling, and repair work, and strengthen financial discipline.

Source: www.gazeta.uz