Preparations for the XXVIII International Conference and Exhibition “Oil and Gas of Turkmenistan-2023”, which will be held on October 25-27, 2023, have begun in Ashgabat. The event is organized by the State Concerns “Turkmengas”, “Turkmennebit”, the Chamber of Commerce and Industry of Turkmenistan, and the State Corporation “Turkmengeology” in partnership with the Economic Society “Turkmen Forum” with the support of the British company GaffneyCline.
The conference and exhibition will be attended by heads of leading international energy companies, heads of international organizations and leading global financial institutions. They will discuss regional and global trends that influence the development of the oil and gas complex of Turkmenistan.
The diamond partner of the annual event was the international oil and gas exploration, development and production company Dragon Oil. The company is a regular participant and sponsor of oil and gas events organized in Turkmenistan. The company uses strong environmental performance as its guide to creating and maintaining a sustainable business.
The “Open Door” policy of Turkmenistan has contributed to the creation of the most favorable conditions for attracting foreign investment, the share of which is growing every year. The country's colossal resources attracted the interest of foreign partners.
The partnership between Turkmenistan and Dragon Oil serves as an example of mutually beneficial long-term cooperation. The company has been operating in Turkmenistan since 2000 on the basis of a Production Sharing Agreement. The main activity of the company in Turkmenistan is the production of hydrocarbons in the “Cheleken” contract territory in the Caspian Sea through the development of the Jeytun and Jygalybeg oil fields.
The company invested more than 8 billion USD in the project. During its activities in Turkmenistan, the company built production and hub offshore stationary platforms, carried out major repairs of existing wells, reconstructed and re-equipped all parts of the oil field development system. Year after year, the company confirms its status as a reliable partner of Turkmenistan, focusing on environmentally friendly hydrocarbon production.
High performance indicators and successful cooperation created the foundation for the signing of a contract between the State Concern “Turkmennebit” and Dragon Oil (Turkmenistan) Ltd. on the extension of the Production Sharing Agreement until May 1, 2035. The main objective of the company is to increase crude oil production from the fields of the “Cheleken” contract territory.
In addition to its core activities, Dragon Oil invests in training and development programs for local personnel. Within the framework of the ongoing corporate social responsibility program, the company has completed more than 400 projects aimed at developing education, culture and sports, and promoting a healthy lifestyle.
Today, the company has more than 2000 employees, the vast majority of whom are citizens of Turkmenistan. The company was one of the sponsors of the World Weightlifting Championships held in November 2018 in Ashgabat, assisted in the opening of a branch of the International Union of Petroleum Engineers in Turkmenistan, and financed the sound recording of Nury Halmammedov’s works on the occasion of the composer’s anniversary.
Dragon Oil takes a special approach to the implementation of charitable projects. Among the beneficiaries are the public organization Ýeňme, the Society of Disabled People of Turkmenistan, the National Paralympic Committee, the Rehabilitation Center for People with Disabilities, the National Center for the Special Olympics and other organizations.
