Tethys Active in Uzbekistan

TASHKENT, Uzbekistan — Tethys Petroleum said it hopes to strike a deal with Uzbekistan this year to develop a highly prospective block, after winning the right to develop another oil field in the Central Asian nation.

Tethys, listed in London and Toronto, said it hoped to sign a contract this year with Uzbekistan for rights to explore and develop a large exploration block in the North Ustyurt basin.

"I think independents need Uzbekistan. It's a great place to work, and it's a perfect place for independents to flourish," David Robson, chairman, president and chief executive of Tethys, said Wednesday on the sidelines of the annual Oil and Gas of Uzbekistan conference.


Read more