Condor Energies reported second-quarter 2026 average production of 13,851 barrels of oil equivalent per day from its operations in Uzbekistan, representing a 17% increase compared to the first quarter of 2026.

The second-quarter output comprised 13,458 boe/d of natural gas, or 80,748 thousand standard cubic feet per day, alongside 393 barrels of oil per day of condensate. Total production advanced 35% compared with the second quarter of 2025. Natural gas and condensate sales for the three months ended June 30, 2026, totaled $27.14 million.

The production growth was driven by newly drilled wells across the company’s operations. Condor operates under a production enhancement services contract with JSC Uzbekneftegaz to increase production, recovery, and overall system efficiency from an integrated cluster of eight conventional natural gas-condensate fields covering 282 square kilometres.

Building on the second-quarter results, Condor achieved a new production record of 17,925 boe/d over a 24-hour period between August 6 and August 12, 2026. Production averaged 17,709 boe/d during that seven-day window, driven by the completion and tie-in of newly drilled wells. Two rigs are actively operating at the Kumli NW field, where the K48 and K50 horizontal wells are underway and expected to reach total depth by mid-September 2026 before being tested and put online shortly afterwards.

To accelerate the Kumli NW field development further, a second drilling rig arrived in May 2026. Condor has drilled and completed seven wells to date in 2026 and plans to drill five additional wells by year-end.

In Kazakhstan, the company is advancing its First LNG Facility for the Saryozek site. The unit is currently undergoing final pressure testing of the fully assembled system, with the facility expected to arrive in Kazakhstan in the fourth quarter of 2026 and LNG production targeted to commence in the first quarter of 2027.

Condor also holds a 100% working interest in two contiguous critical minerals mining licenses in Kazakhstan, comprising the 37,300-hectare Sayakbay license awarded in July 2023 and the 6,800-hectare Kolkuduk license awarded in February 2025.

Read the full announcement: Condor Announces 2026 Second Quarter Results