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2015-05-27 18:05:00

TURKMEN GAS RISING

TURKMEN GAS RISING

Finally, Turkmenistan is systematically increasing the volumes of contracts for the gas supply to China. And taking into account the growing demand for gas in China, the gas supplies from Turkmenistan to China will continue to grow.

So, the amount of those, willing to get more Turkmen gas, is increasing. But the volumes of Turkmen gas produced today will not be enough for all. It is necessary to develop new deposits and new investments to enter new routes.

The great demand for Turkmen gas and political support for its transportation projects and procurement in all directions can be a good incentive for foreign investors to pay attention to Turkmenistan. In this situation, the compensation for investors has been guaranteed.

Moreover, given the West's political interest in Turkmen gas, one can expect that those investing in Turkmen gas fields will receive certain preferences in the US and Europe. Thus, the major oil and gas developers will get great benefits as a result of doing business in Turkmenistan.

Taking into account the above-mentioned, it seems like it won't be Turkmenistan trying to attract investors, but the opposite - the investors will compete for the favor of the Turkmen leadership.

oilandgaseurasia.com

Tags: TURKMEN, CHINA, GAS,

Chronicle:

TURKMEN GAS RISING
November, 22, 11:05:00

NIGERIA & CHEVRON PROJECT &1.7 BLN

Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.

TURKMEN GAS RISING
November, 22, 11:00:00

MAERSK-AKER-HALLIBURTON ALLIANCE

OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.

TURKMEN GAS RISING
November, 20, 09:35:00

OIL PRICE: ABOVE $62 YET

REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $62.56 per barrel at 0439 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.59 a barrel, up 4 cents, or 0.1 percent, from their last settlement.

TURKMEN GAS RISING
November, 20, 09:30:00

ROSNEFT'S WORLD RECORD: 15000 M

Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.

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