Hydrocarbons in Caspian Sea’s Turkmen sector over 18 bln tons of fuel equivalent

Turkmenistan Materials 14 April 2017 21:43 (UTC +04:00)

Ashgabat, Turkmenistan, Apr. 14

By Huseyn Hasanov – Trend:

Experts estimate the total hydrocarbon reserves in the Turkmen sector of the Caspian Sea at 18.2 billion tons of fuel equivalent, the Turkmen Dovlet Habarlary state news service reported.

The UAE company Dragon Oil is developing the fields in the Cheleken Contract Area in the Caspian Sea. The company has invested in the modernization of oil and gas infrastructure at the Dzheitune and Dzhygalybeg fields there.

Construction of fixed production platforms and underwater pipelines is currently underway. The Alaja Oil Terminal has already been reconstructed, making possible the simultaneous loading of two tankers, which increased Dragon Oil’s export potential.

Another company, Malaysia’s Petronas Carigali, is developing the Caspian fields in the Block 1 Contract Area. Under this project, Petronas Carigali has carried out seismic explorations, drilled numerous exploratory and production wells, and prepared Makhtumkuli, Diyarbekir and Garagol Deniz fields for putting them into operation.