Russia completes construction of ship for Turkmenistan

Business Materials 6 February 2018 10:56 (UTC +04:00)

Ashgabat, Turkmenistan, Feb. 6

By Huseyn Hasanov – Trend:

Construction work on “Palwan” multipurpose crane-ship designed for the Turkmen shelf of Caspian Sea is almost completed in Russian Astrakhan Shipbuilding Production Association (ASPO), reads a message on the website of the Governor of Astrakhan Oblast Alexander Zhilkin.

The ship mainly serves for the assembly of essential constructions of oil platforms, but can also function as a fire and rescue boat or supply ship.

The charterer of the ship is Dragon Oil company (UAE), which will hand it over to Turkmen side later.

In the late March 2018 the ship is expected to depart to Hazar port of Turkmenistan.

Until 2021, Turkmen office of Dragon Oil Ltd. plans to increase the daily average oil output from sea platforms on Cheleken contracted area of Turkmen shelf of Caspian Sea to 100,000 barrels. The company operates in the framework of Production sharing agreement (PSA) on exploration of Jeitun (former LAM) and Jigalybek (former Zdanova) oilfields signed in 2000. Dragon Oil invested $5.96 billion into the exploration of Turkmen sea oilfields.