The well has now been tested at over 1,100 barrels of oil per day (bopd) and is now being put on production.

This well reached a total depth of 3,060m with a producing section of 437m of lateral hole within this.

The company said that there is significant additional potential in the North Urtabulak field and is currently evaluating other targets for horizontal drilling.

In addition to the North Urtabulak oil field, Tethys also expects that it has an opportunity to acquire additional development and exploration projects in Uzbekistan.

Tethys is focused on oil and gas exploration and production activities in Central Asia.