ASHGABAT, Turkmenistan, October 30. Dragon Oil, wholly owned by the Emirates National Oil Company (ENOC), is switching to zero flaring of gas in Turkmenistan by 2027, which will make their work on the extraction of hydrocarbons environmentally safe, Trend reports.
This was stated by the Chief Executive Officer of Dragon Oil, Ali Rashid Al Jarwan, at the 28th International Conference and Exhibition 'Oil and Gas of Turkmenistan—2023' (OGT-2023).
"Currently, we use 70 percent of the extracted gas, but in three years we hope to reach one hundred percent, making our work on the extraction of hydrocarbons for Turkmenistan environmentally safe," Ali Rashid Al Jarwan said.
He noted that the company has also completed 3D scanning of the field under development in cooperation with their partner, the Turkmennebit State Concern, which makes it possible to more accurately determine the contours of the deposits and correctly set the drilling points.
Furthermore, the chief executive officer of the company added that a number of useful negotiations have been held recently.
Dragon Oil Company has been operating in Turkmenistan since 2000 on the basis of a Production Sharing Agreement, and its main area of activity is the production of hydrocarbons on the Cheleken contractual zone in the Caspian Sea, carried out through the development of the Jeytun and Jigalybeg oil fields.
The total investment of Dragon Oil in this project is more than $8 billion.