Oil and Gas Exploration
Ergash Shaismatov, the Deputy Prime Minister of Uzbekistan, announced on August 30, 2006, that the Uzbek government and an international consortium consisting of state-run Uzbekneftegaz, LUKoil Overseas, Petronas, Korea National Oil Corporation, and China National Petroleum Corporation signed a production-sharing agreement to explore and develop oil and gas fields in the Aral Sea, saying, "The Aral Sea is largely unknown, but it holds a lot of promise in terms of finding oil and gas. There is risk, of course, but we believe in the success of this unique project." The consortium was created in September 2005.
As of June 1, 2010, 500,000 cubic meters of gas had been extracted from the region at a depth of 3 km.
Read more about this topic: Aral Sea
Famous quotes containing the words oil and, oil, gas and/or exploration:
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cry over my window over and over, take me back,
oh harbors of oil and cunners, teach me to laugh
and cry again that way that was the good bargain
of youth....”
—Anne Sexton (1928–1974)
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“Shielded, what sorts of life are stirring yet:
Legs lagged like drains, slippers soft as fungus,
The gas and grate, the old cold sour grey bed.”
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“Typography tended to alter language from a means of perception and exploration to a portable commodity.”
—Marshall McLuhan (1911–1980)