Tatneft will open its branch office in Turkmenistan
Turkmenistan, Ashgabat, Nov. 26 / Trend H.Hasanov /
OAO TATNEFT will open a Branch Office in the Turkmen city of Balkanabad (former Nebit-Dag, located 400 km north-west of Ashgabat), the company reported.
Opening of the Branch Office in the Republic of Turkmenistan is connected with the execution of the Service Rendering Contract between OAO TATNEFT and Turkmenneft State Concern, which came into force on November 3 of this year.
The subject of the contract signed by the Parties is to provide services aimed at improving oil recovery of existing wells and further use of the oil production potential at Goturdepe oil field.
The Turkmen Party is interested in the innovational potential of Tatneft, its experience in developing oil fields, well workover and advanced technologies of oil recovery enhancement.
NGDU Yelkhovneft will act as a supervisor of the contract on behalf of TATNEFT. Currently, the work is on the way for registration of the Branch Office of the Company.
The Service Contract between OAO TATNEFT and Turkmenneft State Concern was signed in August 2010.