TurkmenOil to sign contract with Camesola Investments

Oil&Gas Materials 24 September 2012 16:13 (UTC +04:00)

Turkmenistan, Ashkhabad, Sept. 25 /Trend G.Gasanov/

TurkmenOil will sign a contract on special services for increasing oil and gas well debit for financing through company investment funds, official Turkmen source reported on Monday.

The decree was signed by President Gurbanguli Birdimuhamedow. The contract will be signed "in order to increase capacity of oil and gas wells through implementation of modern technologies and special equipment"

Turkmenistan's hydrocarbon resources amount to 71.6 billion of oil equivalent, including 20.8 billion tons of oil and 50.8 trillion cubic meters of gas.

Hundreds of promising oil and gas structures have been discovered in Turkmenistan.
Chekichler, South Kamishlija, and Nebitlije are among the newly equipped and commissioned fields.

TurkmenOil has also discovered new promising oil fields on the Altiguyi field.
TurkmenOil has started investigation works in a number of other fields, including Kemer, Miyesser, Simler, Shayirdi, Akeser, Garadashli, and Western Korpeje.

The research and investigation footage plan was increased to 60,000 meters instead of the previously planned 50,000 meters due to the purchasing of new drilling equipment