Dragon Oil achieves significant increase in Turkmenistan oil production

Turkmenistan, Ashgabat, June 14 / Trend H. Hasanov /

The international Dragon Oil Company's average daily oil production increased more than 10-fold in the Turkmen market during the past 12 years, the newspaper Neutral Turkmenistan reported today.

The Dragon Oil Company develops hydrocarbon deposits in the Jeytun and Dzhigalybek fields in close cooperation with the State Agency for Management and Use of Hydrocarbon Resources under the Turkmen President.

'Our partners solve ambitious tasks in a favourable investment atmosphere by using modern equipment and high technologies of oil and gas production', the article says.
The company has invested more than $2.3 billion to develop the fields in the contract area of Cheleken.

Along with the steady growth of the extracted reserves, the company's industrial infrastructure in the offshore area of the Cheleken contract area expands and improves.
The company leases the seaport of Khazar. There is a construction and assembly plant area to assemble the modular units and operational offshore platforms.

After commissioning the shore assembly platform in the city of Khazar, five new fixed offshore platforms were built and put into operation on a shelf in the Turkmen sector of the Caspian Sea, the newspaper said.

The offshore fixed platform LAM-C, put into operation in the Jeytun field was among them. The process of drilling started from this platform. A new fixed offshore platform was commissioned in the developed area of Block-1.

Constructing the nodal stationary platform (block 4) with laying submarine pipelines is under completion in the Dzhigalybek field. The offshore support structures have been installed. The fortified operations are being held at the shore sites and lower platform modules.

The offshore oil production facilities and pipelines of the company are being reconstructed. According to the current technical specifications and international standards of environmental safety, eight operational specialised drilling and production platforms have been modernised.

According to the article, various underwater pipelines, connecting four fixed platforms, were installed and commissioned in the Jeytun field.

'The construction of offshore platforms' communication and technological infrastructure requires huge investment', the article said. 'However, advances are paid off quickly. They are much more due to the capacity and quality of oil-bearing layers on a shelf in the Turkmen sector of the Caspian Sea'.

The company's activity allowed it to commission 64 new wells and to repair 40 existing ones by increasing their production rate. An oil loading terminal in the port of Aladja was reconstructed and in fact re-built.

At present, a terminal pier ensures the loading of two tankers by significantly increasing export capacity of the cargo complex.

A modern industrial site was equipped to receive oil emulsion coming from offshore fields. A new workshop has been built upon innovative schemes to pump oil emulsion to the port with a capacity of 10,000 barrels with 220 million cubic feet of associated gas per day.

About 13 new exploitation wells were built in the Cheleken contract area in 2011. Their general fund includes 76 extractive wells. Production volume per day increased to 7,912 tons of oil and more than 3.5 million cubic meters of associated gas.

Daily average crude oil production increased by 30 per cent in 2011 compared to 2010. That speed of delivery will continue.

Structures are being assembled for the fixed offshore platform Block-4 and the construction of offshore fixed platforms ZA and ZB, which are gradually being installed in the Dzhigalybek field.

The implementation of a project to build the offshore fixed platform ZHD-B will be started during the year. It is planned to build two more offshore fixed platforms: LAM-E and LAM-D. They will be installed in the Jeytun field.

The company announced a tender for additional self-rising drilling rigs to intensify production of energy resources in parallel with the construction of exploitation platforms. One of them, the Caspian Driller, must be commissioned this year.

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