Turkmenistan to hold oil and gas presentation in Singapore
Turkmenistan, Ashgabat, Feb. 21 / Trend H.Hasanov /
The Turkmen Oil and Gas Industry Ministry with the participation of the British Summit Event is preparing for its first foreign oil and gas conference, an official Turkmen source said. The event will be held at the Pan Pasific Hotel in Singapore on March 3-4.
The event is expected to be attended by top managers of the Turkmen fuel and energy complex, as well as companies such as PETRONAS Carigali, the Chinese National Petroleum Corporation, Bumi Armada Berhad, Buried Hill Energy, Dragon Oil, ITERA, RWE Dea AG, SOCAR Trading Singapore PTE LTD, Hyundai Engineering, LG International, ExxonMobil, Chevron and others.
The agenda includes presenting investment opportunities in the Turkmen oil and gas sector, which is ranked fourth in the world for gas reserves. The Turkmengeologiya State Concern reported that the country has 38 oil and 82 gas condensate fields and 153 gas fields, including 142 onshore fields and 11 fields on the shelf.
In 2006, Turkmenistan discovered the super giant oil and gas field South Yoloten Osman in the Mary Province. Gaffney, Cline & Associates estimated the field's natural gas reserves at up to 14 trillion cubic meters. According to the latest figures from Turkmen geologists, the resources can be assessed as between 21 and 22 trillion cubic feet of gas.
Preparations for the presentation were touched upon at a recent government meeting.
Discussing the significance of the forum, the Turkmen leader said it plays a critical role in strengthening mutually advantageous partnership and boosting economic growth. The forum must be used as an opportunity to attract international investments, he said.