Chegara Group

Tethys Petroleum announced that Chegara Production Limited (“CPL”), its 100% owned subsidiary, has signed a Production Enhancement Contract (“PEC”) for a new oil field, the Chegara Group of Fields (“Chegara”), in Uzbekistan. In addition Tethys announced it had signed a Memorandum of Understanding (“MOU”), which agrees a timetable for the …

Tethys Petroleum Limited today announced it has signed a Memorandum of Understanding (“MOU”) with the Uzbek State oil and gas company, National Holding Company “Uzbekneftegaz” (“UNG”) establishing a programme for Tethys to obtain two new Production Enhancement Contracts (“PECs”) on two existing oilfields in Uzbekistan. The MOU represents an agreed …