The Singapore company Yug-Neftegaz Private Limited, engaged in the survey and development of the oil and gas fields, became a Silver partner of the International Investment Forum "Oil and Gas of Turkmenistan" (OGT-2022).
As noted in the OGT-2022 Press release, the event will be held in Ashgabat and the Turkmenistan’s pavilion at the World Expo in Dubai from March 29 to 30.
Yug-Neftegaz has been operating in the oil and gas sector of Turkmenistan since 2007, providing a full range of services in the fields of oil and gas production, including drilling, well workover, production stimulation, geophysical works and seismic survey.
Since 2007, the company has concluded a number of long-term contracts with the “Turkmennebit” State Concern for drilling, workover and increase of the productivity of the oil wells at the fields of the State Concern “Turkmennebit”.
Thus, more than 2,000 successful well operations were developed, 10 new wells were drilled and put into operation, more than 3.3 million tons of new oil were produced.
In October last year, Yug-Neftegaz, jointly with the State Concern "Turkmennebit", completed drilling and put into operation oil well No. 327 with the depth of 4660 meters at the North Goturdepe field with the oil flow rate of more than 1,000 barrels per day.
Currently, the company continues drilling three more wells in this field, as well as preparing 3 drilling sites for the start of new wells construction.
In the period from 2014 to 2019, Yug-Neftegaz Private Limited, under the agreement with the State Corporation "Turkmengeologia", successfully completed a set of geophysical works and defended a report on three-dimensional seismic survey (3D) of the Goturdepe and Barsagelmes fields, as well as two-dimensional seismic survey (2D) in the region of the Darja Peninsula.
In 2020, Yug-Neftegaz won a bid for geophysical operations for the “Turkmengeologia” State Corporation for 3D seismic survey (3D) of the Vostochny Goturdepe field, as well as 2D seismic survey (2D) for the South Burun field.
On the sidelines of the XXVI International Conference "Oil and Gas of Turkmenistan-2021", held in Ashgabat on October 27-28, a solemn signing of a contract was held between the State Corporation “Turkmengeologia" and Yug-Neftegaz Private Limited for 3D and 2D surveys in the eastern part of the Goturdepe oil and gas field and in the South Burun region in the western Turkmenistan.
The objectives of the contract are to increase the geological resources of hydrocarbon and oil production in Turkmenistan, as well as to expand the opportunities for cooperation with foreign investors in the oil and gas sector.