dervish
11-03-2005, 06:01 AM
November 3 2005
LONDON, Wed: Turkmenistan will offer foreign investors rights to explore the deep shelf of its sector of the Caspian Sea, as the country struggles to pump more oil.
The exploration and development of the Caspian shelf is “the urgent goal”, Turkmenistan President Saparmurat Niyazov, said in a statement posted on the state-owned news service’s website.
Petroliam Nasional Bhd (Petronas), Dublin-registered Dragon Oil plc, London-based Burren Energy plc and Maersk Oil Turkmenistan BV, an oil unit of A.P. Moeller-Maersk A/S, the world’s largest shipping company, are already exploring Turkmenistan’s fields in the Caspian Sea and inland.
Dragon Oil on October 12 said its new well in the Cheleken offshore field had pumped more oil.
Burren increased oil output in Turkmenistan 50 per cent to 15,150 barrels a day in the first half of the year, up from the same period a year earlier, after drilling 12 new wells, the company said on September 19.
Petronas will begin producing oil in Turkmenistan by the end of the year and gas by end-2007, its chief executive Tan Sri Mohd Hassan Marican said
on June 13. — Bloomberg
LONDON, Wed: Turkmenistan will offer foreign investors rights to explore the deep shelf of its sector of the Caspian Sea, as the country struggles to pump more oil.
The exploration and development of the Caspian shelf is “the urgent goal”, Turkmenistan President Saparmurat Niyazov, said in a statement posted on the state-owned news service’s website.
Petroliam Nasional Bhd (Petronas), Dublin-registered Dragon Oil plc, London-based Burren Energy plc and Maersk Oil Turkmenistan BV, an oil unit of A.P. Moeller-Maersk A/S, the world’s largest shipping company, are already exploring Turkmenistan’s fields in the Caspian Sea and inland.
Dragon Oil on October 12 said its new well in the Cheleken offshore field had pumped more oil.
Burren increased oil output in Turkmenistan 50 per cent to 15,150 barrels a day in the first half of the year, up from the same period a year earlier, after drilling 12 new wells, the company said on September 19.
Petronas will begin producing oil in Turkmenistan by the end of the year and gas by end-2007, its chief executive Tan Sri Mohd Hassan Marican said
on June 13. — Bloomberg