Condor Energies Extends Uzbekistan Gas Field with Successful K-42 Well
Event summary
- Condor Energies' K-42 vertical pilot well in Uzbekistan reached 2,462 meters, confirming a 2.3 km northeast extension of prolific reservoirs.
- The well identified 26.5 meters of net carbonate reservoir across six intervals, with a 22% thicker net pay interval than previous wells.
- K-42 is expected to start producing in early July 2026 after being tied into the pipeline system.
- A second rig has begun drilling the K-44 horizontal well, marking the first pad-drilling operation in Uzbekistan.
- Condor aims to achieve a 2026 exit production rate of 18,000 to 20,000 boepd, up from a record 15,283 boepd in May 2026.
The big picture
Condor Energies' successful extension of the Kumli field aligns with its strategy to increase natural gas production in Central Asia, a region critical for European and Asian energy security. The company's focus on pad-drilling and operational synergies reflects broader industry trends toward cost efficiency and rapid development in mature basins. With production targets set at 18,000 to 20,000 boepd by year-end, Condor is positioning itself as a key player in the region's energy transition.
What we're watching
- Production Growth
- Whether Condor can sustain its aggressive production growth targets amid a 20% natural decline rate in legacy fields.
- Operational Efficiency
- The pace at which pad-drilling operations can reduce costs and accelerate production tie-ins in Uzbekistan.
- Geological Risk
- How the validation of Condor’s geological models will impact the success of future horizontal wells in the Kumli NW structure.
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