Ashgabat to host 16th Turkmenistan Int’l Oil & Gas Conference

Ashgabat to host 16th Turkmenistan Int’l Oil & Gas Conference

Azerbaijan, Baku, Nov. 13 / Trend /

The 16th Turkmenistan International Oil & Gas Conference, OGT 2011, will be held at Ashgabat Exhibition Palace with the organization of the Turkmen Ministry of Oil and Gas Industry and Mineral Resources.

"Turkmenistan celebrates 20 years of independence in 2011. OGT 2011 will acknowledge the achievements made in the development of Turkmenistan's oil and gas resources during this period and also look to the future plans for the development of the industry over the next 20 years to 2030," the organizing committee's message reads.

According to the National Programme of Socio-economic Development of Turkmenistan from 2011-2030, natural gas production will reach 230 billion cubic meters a year, 180 billion cubic meters of which is planned for export. This will be made possible with exploitation of new gas fields along with technical upgrade of the existing developments.

To achieve set targets, there is a need for wide ranging investment into cutting edge technology during all stages of production: exploration, development, transportation, refining, and processing. The continuous enhancement of the oil and gas sector's economic and production capabilities are prioritized for this stage of development.

"Moreover, further development of the oil and gas industry of Turkmenistan calls for active encouragement of international companies' investment into service sector. There is a wide sphere for cooperation: high-tech methods for geological exploration; use of effective technologies for drilling of oil wells; development of gas and oil fields, in particular fields that have been long in production; major overhaul of wells; and preparation and transportation of carbohydrates," the message reads.

The 16th Turkmenistan International Oil & Gas Conference, OGT 2011, will provide local, regional and international oil and gas community with an opportunity to meet and discuss issues which are key to the effective and successful development of Turkmenistan's hydrocarbon sector.

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