Eni Turkmenistan Limited acts as a sponsor of the 23rd International Conference “Oil and Gas of Turkmenistan 2018”

01 November, 2018
Eni Turkmenistan Limited acts as a bronze sponsor of the upcoming International Conference “Oil and Gas of Turkmenistan 2018” which will take place in Turkmenistan’s capital, Ashgabat, on 20-21 November, 2018.
Branch of Eni Turkmenistan Limited in Turkmenistan acts on behalf of its parent company, established and acting in accordance with laws of Bermuda Islands and is a Contractor in Production Sharing Agreement for area Nebit-dag, based on Presidential Resolution 2759 of 7 August 1996 “On development of oil and gas fields Burun, Nebitdag, Kumdag, Kyzyl-kum, and Kara-depe. All activity of the Branch in Turkmenistan is directed exclusively on Contractor’s proper realization of its obligations under Nebit-Dag PSA.
In 2017 Contractor invested around 74 mln. USD under Nebit-Dag PSA. Thereby, since the beginning of the project Contractor has invested around 1.5 bn. USD. According to 2018 Work Plan and Budget, it is planned to invest around 99 mln. USD.
The oil production for 2017 made up 686243 tons. The total Nebit-Dag PSA oil production forecast for 2018 is 665032 tons. The number of local employees at end of June 2018 is 1045 and Contractor constantly holds training programmes for local experts from Turkmen citizens.