Dragon Oil: 25 years of successful work in Turkmenistan
09:32 21.02.2025 7187
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.
A conference on labor protection was held at the industry institute of the “State Concern” Turkmengas
A conference organized by the State Corporation “Turkmengeology” was held within the walls of the Natural Gas Research Institute of the Turkmengas State Concern. The event, dedicated to compliance with labor protection and technical safety rules in organizations and enterprises of the State Corporation “Turkmengeology” in 2024 and tasks for 2025, was attended by responsible employees of the corporation, engineers, and specialists in technical safety and labor protection.
Laboratory of refrigeration and air conditioning units was opened at the oil and gas university of Turkmenistan
A laboratory of refrigeration and air conditioning units was opened at the International University of Oil and Gas named after Yagshygeldi Kakaev with the assistance of the Ministry of Agriculture and Environmental Protection of Turkmenistan, together with the UN Regional Organization for Industrial Development (UNIDO).
In Ankara, at the meeting of the Intergovernmental Commission, cooperation between Turkmenistan and Turkey in the oil and gas sector was emphasized
As part of the working visit of the delegation of Turkmenistan to Turkey, the eighth meeting of the Intergovernmental Turkmen-Turkish Commission on Economic Cooperation was held in Ankara on February 24-25, the Ministry of Foreign Affairs of Turkmenistan reported today.
Turkmenistan exported natural gas worth $ 6.1 billion to China in January-November
Turkmenistan continues to hold a leading position in pipeline export of «blue» fuel to China. According to the General Customs Administration of the PRC, during January-November 2021, the Celestial Empire received 21.91 million tons of Turkmen natural gas through the Turkmenistan-China pipeline, which is $ 6.1 billion in monetary terms.
The Chairperson of the Mejlis of Turkmenistan conveyed an invitation to the President of Turkey to take part in the International Forum in Ashgabat
The Chairperson of the Mejlis of Turkmenistan Dunyagozel Gulmanova conveyed an invitation to the President of Turkey Recep Tayyip Erdogan to take part in a high-level event – the International Forum in Ashgabat on the occasion of the 30th anniversary of Turkmenistan’s permanent neutrality and the “Year of International Peace and Trust”, the website of the Parliament of Turkmenistan reports.