Dragon Oil: 25 years of successful work in Turkmenistan
14:32 21.02.2025 1937
Over the 25-year period of cooperation, Dragon Oil (UAE) has invested about 10 billion US dollars in the development of oil and gas fields in Turkmenistan and produced 447 million barrels of hydrocarbons. This was reported in an interview with the Neutral Turkmenistan newspaper by the company's CEO Ali Al Jarwan.
This company has been operating in Turkmenistan since 2000 on the basis of a Production Sharing Agreement concluded with the government of our country. The company develops and produces oil and gas in the Cheleken contract area, which includes two offshore fields - Jeitun and Jigalybeg.
According to Al Jarwan, the company's entry into the Turkmen oil and gas sector contributed to a significant influx of investment and the introduction of modern technologies. The executive director expressed gratitude to President Serdar Berdimuhamedov and Chairman of the Halk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov for creating favorable conditions for long-term cooperation. The head of Dragon Oil noted that Turkmenistan, which has huge reserves of hydrocarbon resources, has significant potential for expanding mutually beneficial cooperation in the oil and gas sector on a long-term basis.
Currently, Dragon Oil is starting to apply artificial intelligence technologies for geological exploration, data interpretation and assessment of reservoir properties at the fields of Turkmenistan.
According to Ali Al Jarwan, the company has already implemented a 3D seismic project at the Cheleken block and the neighboring block 19 in cooperation with the State Concern “Turkmennebit”. Currently, Dragon Oil is moving from 3D seismic exploration to geological exploration, the results of which will form the basis for a production diversification program.
Among the key areas of further cooperation between the company and the Turkmen side are an increase in the volume of hydrocarbon production and processing, as well as an expansion of the export of Turkmen oil, gas and gas chemical products.
Serdar Berdimuhamedov: the implementation of programs aimed at ensuring a high standard of living of the people will continue
Turkmenistan will continue to work on the successful implementation of programs aimed at ensuring a high standard of living for the people. This was announced on Tuesday by the newly elected President Serdar Berdimuhamedov at an expanded meeting of the government and the State Security Council of Turkmenistan.
International investment forum OGT – 2022 will be held on March 29-30
The International Investment Forum to attract foreign investment in the oil and gas sector of Turkmenistan (OGT-2022) will be held on March 29-30, 2022. The Forum is organized by the State Concerns «Turkmennebit», «Turkmengas», «Turkmenchemistry» and the State Corporation «Turkmengeology» in partnership with the Turkmen Forum with the support of the British company GaffneyCline.
The International Olympiad in Informatics started at the IUOG named after Yagshigeldi Kakaev
On April 17, 2024, under the motto “The Fount of the Mind of Magtymguly Fragi”, the II Open International Olympiad in Informatics of students of higher educational institutions of Turkmenistan and foreign countries solemnly started within the walls of the International University of Oil and Gas named after Yagshigeldi Kakaev.
President of Turkmenistan: the Ashgabat-Turkmenabat highway will determine the success of the development of international transport corridors
The development of transport corridors of Turkmenistan in the East-West and North-South directions remains one of the priority goals, the success of which is largely determined by the Ashgabat-Turkmenabat expressway with a length of 600 kilometers, President Serdar Berdimuhamedov said at the opening ceremony of its second section - Tejen-Mary, which took place April 17.
Serdar Berdimuhamedov assured Guterres of his intention to expand cooperation with the UN
The newly elected President of Turkmenistan Serdar Berdimuhamedov stressed that he intends to continue to implement the foreign policy pursued by our country to expand cooperation with the UN, the State News Agency of Turkmenistan reports.