In accordance with the Amendment Agreement to the Contract d.d. 05.17.2011 No. T5-8-397, on 05/01/2020, Yug-Neftegaz Private Limited successfully completed the drilling of first two oil wells (No. 323 and No. 316 with a depth of 5,000 m each) on the North Goturdepe oilfield. As a result of the drilling a production oil encroachment rate was produced in both wells.
The company has been continuing to increase its drilling scope of work. At the moment, drilling operations are being continued in 4 more wells (No. 317, No. 250, No. 319, and No. 315) with a depth of 5,000 meters each at the North Goturdepe oilfield.