Dragon Oil is gold sponsor of the International Conference «Oil and Gas of Turkmenistan – 2021»
15:58 19.10.2021 15583
These days, active work continues on the preparation of the XXVI International Conference «Oil and Gas of Turkmenistan», which will be held on October 27-28 in Ashgabat.
The organizers of the forum dedicated to the 30th anniversary of the independence of Turkmenistan are the State Concerns «Turkmengas», «Turkmennebit» and the State Corporation «Turkmengeology» in partnership with the Economic Society «Turkmen Forum» with the support of the British company GaffneyCline.
This prestigious business forum is held annually in our country with the aim of developing and strengthening the partnership of Turkmenistan with international oil and gas companies. The conference will discuss such topical topics as the latest global and regional trends in the development of the fuel and energy complex, the implementation of regional projects, including the construction of the TAPI gas pipeline, attracting investments in the Turkmen sector of the Caspian Sea and the prospects for new gas chemical projects.
The conference will include presentations and panel sessions with the participation of senior management of national oil companies, as well as heads of leading international oil companies, large international organizations and financial institutions.
One of the gold sponsors of the upcoming forum will be a long-time partner of Turkmenistan – the Dubai company Dragon Oil, a subsidiary of the Emirates National Oil Company (ENOC).
In 1993, Dragon Oil entered into a Production Sharing Agreement with the government of Turkmenistan for exploration and development of fields in the Cheleken contract area in the Turkmen sector of the Caspian Sea.
The main activity of the company is focused on the development of the Jeytun and Jigalybeg oil fields located in the contract area. Dragon Oil has been successfully operating here since 2000. During this time, the operator has built operational and nodal offshore fixed platforms, drilled dozens of new wells, carried out a major overhaul of existing wells, reconstructed and re-equipped all links of the system.
In 2014, the company completed construction of a production offshore stationary platform at the Jigalybeg field and started drilling new wells.
To date, the company's staff numbers more than 2 thousand employees, most of whom are citizens of Turkmenistan.
The company's total investment in the project is over $7.5 billion USD.
By 2025, Dragon Oil plans to expand production and increase oil production under the Turkmen project to 100 thousand barrels per day.
The President of Turkmenistan and the Vice President of the UAE noted the active dynamics of cooperation in the energy, oil and gas and other spheres
The development of bilateral cooperation was discussed at a meeting on February 21 between the President of Turkmenistan Serdar Berdimuhamedov and the Vice President, Deputy Prime Minister, Minister of the Presidential Administration of the United Arab Emirates Sheikh Mansour bin Zayed Al Nahyan, who arrived in our country on a visit, TDH reports.
Dynamic development of national investments is carried out at the fields of Turkmenistan
Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov, during an extended meeting of the government last Friday, reported on the work carried out by the oil and gas complex to increase oil and natural gas production, as well as the timely development of national investments in the coming years.
Products of oil refineries were sold at the auction
Last week, 35 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.
UAE President invited to Ashgabat for International Forum of Peace and Trust
Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov extended an invitation to UAE President Sheikh Mohammed bin Zayed Al Nahyan to attend the International Forum of Peace and Trust, which will be held on December 12 in Ashgabat, TDH reports.
The work of the Interdepartmental Commission on the Caspian Sea was discussed at the Ministry of Foreign Affairs of Turkmenistan
The 63rd meeting of the Interdepartmental Commission of Turkmenistan on the Caspian Sea was held at the Ministry of Foreign Affairs on February 23. The meeting was attended by the relevant Vice-Chairmen of the Cabinet of Ministers of the country, the Director of the Caspian Sea Institute, heads of a number of ministries and specialized departments.