Yug-Neftegaz to conduct exploration of oil reservoirs in the west of Turkmenistan

September 18, 2021 | 05:58 |14299

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Yug-Neftegaz Private Limited, registered in Singapore, will perform 3D exploration of the eastern flank of the Goturdepe oil field and conduct 2D exploration at the South Burun area in the western region of Turkmenistan - the Balkan region. The company won an international tender held by the state corporation "Turkmengeologia".

Now, by a presidential decree, signed at a government meeting on Thursday, the corporation is allowed to enter into a contract with the company to conduct exploration work.

Yug-Neftegaz Private Limited 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.

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