“Yug-Neftegaz Private Limited” – Silver partner of the International Investment Forum "Oil and Gas of Turkmenistan"
In less than a week the International Investment Forum "Oil and Gas of Turkmenistan" (OGT-2022) will be held in Ashgabat and Turkmenistan’s pavilion at World Expo in Dubai on 29-30 March.
“Yug-Neftegaz Private Limited” has been announced a Silver partner of the International Forum. The main activities of the company include exploration and development of oil and gas fields, provision of a full range of services, equipment and technical solutions.
The company has been operating in the oil and gas sector of Turkmenistan since 2007, providing services such as drilling and major repairs of wells, production intensification, geophysical work and seismic exploration. «Yug-Neftegaz Private Limited» and State Concern «Turkmennebit» have concluded a number of contracts which aim at overhauling and increasing the productivity of oil wells at several oil fields. As a result of these contracts implementation, around 2000 well operations were carried out and over 3.3 million tons of oil were produced.
On October 14, 2021, «Yug-Neftegaz Private Limited», together with the State Concern «Turkmennebit», completed drilling and commissioned oil well No. 327 with a depth of 4660 meters at the North Goturdepe field, with an oil flow rate of more than 1000 barrels per day. Currently, the company continues to drill three more wells in this field, as well as prepare 3 drilling sites to start drilling new wells.
In 2020, Yug-Neftegaz Private Limited won a tender for the execution of geophysical works for the State Corporation «Turkmengeology» on three-dimensional seismic (3D) of the East Goturdepe field, as well as two-dimensional seismic (2D) at the South Burun field. Moreover, «Yug-Neftegaz Private Limited» performed a set of geophysical works on three-dimensional seismic survey (3D) of the Goturdepe and Barsagelmes fields, as well as two-dimensional seismic survey (2D) in the area of the Darja Peninsula under the agreement signed with State Corporation «Turkmengeology».
Within the framework of the XXVI International Conference «Oil and Gas of Turkmenistan-2021», held on October 27-28 in Ashgabat, the State Corporation «Turkmengeology» and the company «Yug-Neftegaz Private Limited» (Singapore) signed a contract for 3D and 2D studies in the eastern part oil and gas field Goturdepe and in the area of South Burun in the west of Turkmenistan. The contract’s objectives are to increase the geological resources of hydrocarbons and oil production in Turkmenistan and to expand the opportunities for cooperation in the oil and gas sector with foreign investors.
