Honeywell expands cooperation with Turkmenistan

Business Materials 8 May 2012 09:22 (UTC +04:00)

Turkmenistan, Ashgabat, May 7 / Trend H. Hasanov /

The American company Honeywell, working in the field of industrial automation, has been cooperating with Turkmenistan for about 10 years, head of the regional development company Umesh Patel said in an interview with the newspaper Neutral Turkmenistan today.

"We have already implemented five projects," he said. "The work over the sixth project, the Galkynysh field is underway.

"The matter rests in measuring the volume of gas supplies at the export measuring stations. Very accurate measurements are required which are the basis of financial relations with the countries where the gas is exported. In this case, they are Iran and China."

Galkynysh is the largest gas field in Turkmenistan. Turkmen President Gurbanguly Berdimuhamedov has recently instructed the heads of oil and gas complex to intensify work on this field.

At present, the first stage of industrial development is underway. The commercial flow of high pressure has been recently obtained from the test borehole. According to specialists, this well is capable of producing one million cubic meters of natural gas per day.

The Turkmengaz state concern deals with the industrial development of Galkynysh. It signed service contracts with Gulf Oil & Gas Fze, Petrofac International LLC (UAE), the CNPC Chuanging Drilling Engineering Company (PRC) and a consortium of the LG Internatinal Corp and Hyudai Engineering (South Korea), totalling $9.7 billion in December 2009.