# Condor Energies’ Uzbekistan Output Jumps 67% in Third Quarter

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/56680
Published: 2026-11-13T13:20:11.000Z
Updated: 2026-11-13T13:20:11.000Z
Section: Business

> Project sales reached CAD$33.551 million, and production set a new average production record of 18,631 boe/d from Nov. 1–11.

Condor Energies Inc.’s Uzbekistan project averaged 16,693 barrels of oil equivalent per day (boe/d) in the third quarter of 2026, up 67% from a year earlier as gas and condensate sales totaled CAD$33.551 million. Output also rose 20% from the second quarter.

Natural gas production accounted for 16,240 boe/d, equivalent to 97,438 thousand cubic feet per day. Condensate production averaged 453 barrels per day. Gas sales were CAD$29.961 million, and condensate sales were CAD$3.590 million. Project sales increased 24% from the second quarter.

The sales figures cover the entire project, with 51% attributable to Condor. The company’s Uzbekistan operations span eight natural gas-condensate fields under a production enhancement services contract with JSC Uzbekneftegaz.

From Nov. 1 through Nov. 11, production averaged 18,631 boe/d, a new average production record. Recently drilled wells that Condor completed and connected to production were the primary driver of the increase.

The company completed five wells in the third quarter and had completed 11 in 2026 as of its Nov. 12 announcement. It planned to complete up to four more wells by year-end. Its licensed area covers 282 square kilometers and includes 78 producing wells.

“We have achieved record production rates, revenues and operating netbacks in Uzbekistan,” said Don Streu, Condor’s president and CEO.