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Turkmenistan|business|February 9, 2024 / 04:23 PM
Dragon Oil to drill first well within Block 19 in Turkmenistan

AKIPRESS.COM - Dragon Oil Company, wholly owned by the Government of Dubai, will begin next December the process of exploring the first well within Block 19 in Turkmenistan, as a culmination of the MoU signed with the Turkmennebit State Concern of Turkmenistan, which included the expansion of Dragon Oil’s investments in the oil sector aimed at production of oil and gas from three new oil fields within Block 19 at the Turkmenistan Sector of the Caspian Sea, Trade Arabia reported.

During the recent visit that led the company’s delegation to Turkmenistan the parties agreed to exchange technical information.

This includes information related to two wells that the company requested and will obtain within the next week, which will help to design the exploratory well, reduce costs, and other positive matters of this agreement.

In line with the efforts led by Saeed Mohammed Al Tayer, Chairman of the Company’s Board of Directors, through the World Green Economy Summit, Dragon Oil is working to implement many sustainable development projects, such as stopping gas burning, reducing emissions, and a project to plant more than 10,000 trees at the operating site in the city of Hazar and other areas. Sustainability projects that never stop, by the Sustainable Development Goals and COP28 outcomes, it stated.

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