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:
“The river sweats
Oil and tar
The barges drift
With the turning tide”
—T.S. (Thomas Stearns)
“I bade, because the wick and oil are spent
And frozen are the channels of the blood....”
—William Butler Yeats (1865–1939)
“When we can drain the Ocean into mill-ponds, and bottle up the Force of Gravity, to be sold by retail, in gas jars; then may we hope to comprehend the infinitudes of man’s soul under formulas of Profit and Loss; and rule over this too, as over a patent engine, by checks, and valves, and balances.”
—Thomas Carlyle (1795–1881)
“The future author is one who discovers that language, the exploration and manipulation of the resources of language, will serve him in winning through to his way.”
—Thornton Wilder (1897–1975)