Dragon Oil inaugurates new office headquarters in Ashgabat
Ashgabat, The Gulf Observer: Oil company Dragon Oil has opened its new office in the capital of Turkmenistan, Ashgabat, the Embassy of the United Arab Emirates in Turkmenistan announced on Monday.
Chairman of Türkmennnebit (Turkmen Oil) State Concern Guvanch Agajanov and Executive Director of Dragon Oil Company Ali Rashid Al-Jarwan welcomed the attendees and held a ribbon-cutting ceremony to open the new office.
Since 2000, Dragon Oil has been operating in Turkmenistan under a Production Sharing Agreement. Its primary focus lies in hydrocarbon production within the Cheleken contractual territory in the Caspian Sea, specifically through developing the Jeytun and Jygalybeg oil fields. Dragon Oil’s total investment in this project exceeds $8 billion.
State Concern Türkmennebit and Dragon Oil (Turkmenistan) Ltd. signed a contract to extend the Production Sharing Agreement until May 1, 2035.
Throughout its tenure in Turkmenistan, Dragon Oil has constructed offshore fixed platforms for production and distribution, conducted maintenance on existing wells, and reconstructed and modernised all components within the oil field development system.
