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Condor Energies Boosts Uzbekistan Output, Eyes Further Expansion

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Condor Energies has reached a new daily production record of over 15,000 barrels of oil equivalent per day, bolstered by the rapid deployment of a new horizontal well in Uzbekistan, the company said on Monday.

The Canadian energy firm, which focuses on energy transition projects in Central Asia, reported that its Kumli-47 well achieved an average daily production of 15,283 boe/d over the past 72 hours.

The K-47 well, drilled to a total depth of 3,444 meters, initially flowed at a peak rate of 18.4 million standard cubic feet per day or 3,067 boe/d. Condor said it restricted the flow to manage gas-stream velocity.

"With another horizontal well success at K-47, our 2026 year-to-date production has now increased by 41% despite a 20% natural decline rate of the legacy fields," said Don Streu, Condor's President and CEO.

Streu added that the company anticipates payout from the well within one year.

Condor is now shifting its focus to "Pad 1", located 2.3 kilometers northeast of the current operations, where it has begun work on the K-42 vertical well to delineate the reservoir.

The energy firm plans to deploy a second drilling rig to the site in June, targeting as many as four additional horizontal wells to sustain production growth throughout the remainder of the year.

The update comes as international interest in Uzbekistan's energy sector intensifies.

Earlier in May, BP (BP) acquired a 40% stake in a production sharing agreement covering six exploration blocks in northern Uzbekistan.

Price: $44.36, Change: $-0.51, Percent Change: -1.14%

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