“Turkmenoil offers two areas of cooperation to foreign investors,” Chairman of the state concern “Turkmenoil” Guvanch Agadjanov said during his remarks at the first session of the “Oil and Gas Turkmenistan-2022” International Conference (Wednesday, 26 Oct).
First one is carrying out service works at Concern’s fields. The most promising areas are advanced technologies for well completion, opening and cementing productive sections, use of for flushing solutions when drilling directional and horizontal wells, drilling and casing in abnormally low and high reservoir pressures, water-proofing repair and liquidation of behind the casing waterflow in oil and gas flows.
Second one is implementation of petroleum operations in the Turkmen sector of the Caspian sea. The sector is divided into 32 license blocks. The blocks 21 and 23 are offered for investment cooperation.
Advisory support to the State Concern “Turkmenoil” on the licensing process of blocks is provided by a long-standing partner of Turkmenistan – the company GaffneyCline.
In particular, roadshows and other events aimed at attracting investors to the development of these fields are scheduled for the first quarter of 2023.
Moreover, Turkmenistan is going to upgrade its refinery facilities. Thus, there are plans to build diesel fuel plant, hydro treatment unit, delayed coking unit and catalytic cracking unit, desulfurization and hydrogen productions units.
In this regards, Turkmenoil is ready to consider proposals from international oil companies to modernize Turkmenbashi complex of oil refineries and Seydi oil refinery, Agadjanov said. ///nCa, 27 October 2022