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.
Source: "Oil and Gas" newspaper
