Condor reports record horizontal well in Uzbekistan, sells Turkish gas assets
(WO) - Condor Energies Inc. reported progress across its Central Asia upstream portfolio, highlighting record-setting drilling results in Uzbekistan and the divestment of its Turkish gas assets as it sharpens its regional focus.
In Uzbekistan, the company said its Andakli-21 well reached total depth at 3,456 m, including a 1,279-m horizontal lateral — the longest horizontal section drilled in the country to date. The lateral intersected more than 960 m of carbonate reservoir, with drill cuttings indicating visible porosity exceeding 6% across much of the interval. Portions of the well showed porosity of up to 12%, accompanied by elevated gas shows during drilling.
Condor said preparations are under way to acid stimulate the full lateral section to address near-wellbore damage and enhance productivity. The stimulation program follows earlier results from the nearby Andakli-23 pilot well, where similar treatment materially improved production. Flow testing and initial production from Andakli-21 are expected in February 2026, with additional stimulation and testing planned for the lateral section of Andakli-23 later in the quarter.
The company is also drilling a third well, Kumli-45, in a separate area of the Kumli gas field. The vertical well is targeting multiple reservoirs and has recovered core from one of the objective intervals. Condor said the core will be analyzed to support development planning and future horizontal drilling. Testing of Kumli-45 is expected following logging and casing operations.
Separately, Condor announced it has signed an agreement to sell its Turkish gas assets, including the Poyraz Ridge and Destan licenses, to a third-party buyer. The transaction includes a ten-year gross overriding royalty tied to production volumes, capped at $10 million, along with a nominal cash payment. The buyer has committed to a minimum work program that includes well interventions and the drilling of a new well, subject to regulatory approvals.
The company said the divestment aligns with its strategy to concentrate capital and operational resources on its Uzbekistan gas development program and other Central Asia projects.
