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SOUTHERN YOLOTEN-OSMAN FIELD HAS WORLD’S LARGEST GAS RESERVES!
SOUTHERN YOLOTEN-OSMAN FIELD HAS WORLD’S LARGEST GAS RESERVES!
Foreign experts participating in the International Gas Congress in Turkmenistan state
II International Gas Congress and Exhibition were held in the Avaza national tourism zone. This forum brought together over 500 participants from more than 30 countries of the world, including scientists and experts, specialists of sector departments and world’s leading oil and gas companies, the heads of diplomatic missions and representative offices accredited to Turkmenistan. The organizers of the international forum are the Turkmengaz State Concern and the Chamber of Commerce and Industry of Turkmenistan.
The ceremony of opening the international exhibition took place in the conference hall of the Nebithci Hotel. The exhibition timed to the Gas Congress of Turkmenistan includes the expositions of leading foreign companies and Turkmen enterprises.
Technical innovations in the gas industry, advanced technologies and ambitious projects developed by Turkmen and foreign firms for exploration of rich hydrocarbon fuel reserves in Turkmenistan on land and in the Turkmen sector of the Caspian Sea.
Specialists of dozens of world-renowned companies, state agencies and international organisations made the presentations during the forum. These included INTEK Energy, BAKER HUGES, HYUNDAI ENGINEERING, AVA, EXCON STEEL, JG International, «BAUVER MASCINEN, EKOMET-S Closed Corporation, Dragon Oil and other companies from countries of Europe, Asia, America, etc.
The exposition pavilions of Chevron (USA) , Barren Resources Petroleum Limited (UK), Technip (France), TMK (Russia), Ronesans Turkmen (Turkey), Flkanat (China), KazTurboRemont (Kazakhstan) and other foreign industrial, construction, transport and trade companies were distinguished for a large variety of items, the scale of implemented, ongoing and future projects for gas exploration, production, processing and transportation.
The exposition of the Committee for the Avaza national tourism zone and the operators of Turkmenistan, the Turkmengas State Concern and the Turkmennebitgazgurlusyk State Concern aroused keen interest of the visitors. So did the pavilions of the Turkmenbashi oil refineries and the Turkmenhimiya State Concern, the manufacturers of environmentally friendly products from gas products meeting international standards.
The expositions of the CNPC Chuanqing Drilling Engineering Co., Ltd (China) and the Turkmengeoogiya State Concern were of particular interest. Foreign participants and visitors to the exhibition showed interest in the huge gas field Southern Yoloten-Osman presented in photo documents and geological diagrams. The leaders of the global gas market participating in the forum expressed admiration for the unprecedented scale and term for exploration of the world’s richest gas reserves and diversified nature of transit of Turkmen energy to promising foreign markets.
The participants of the International Gas Congress, including the high-level delegations of EU members states, the United States, the Republic of Korea, the People’s Republic of China, Japan, the UAE, Turkey, India, Indonesia, Iran, Afghanistan, Pakistan, CIS states and other countries gathered together in the Arzuw Hotel. Turkmenistan was represented by government officials, specialists of the Ministry of Oil and Gas Industry and Mineral Resources, the State Agency for Hydrocarbon Resources Management and Use under the President of Turkmenistan and the State Concerns.
The welcome address of President of Turkmenistan Gurbanguly Berdimuhamedov to participants of the Gas Congress and Exhibition was presented during the meeting. In his address the Turkmen leader emphasized that “in the epoch of new Revival and great reforms Turkmenistan takes specific steps to diversify pipeline infrastructure to ensure reliable, stable and long-term transit of energy to world markets that brings profits for both fuel and energy exporters and consumers.”
The specialists of the subdivisions and departments of the Turkmen fuel and energy sector made the presentations and reports on the potential of the gas production and processing industries.
On the first day of the Gas Congress representatives of the international organisations and a number of world’s leading oil and gas companies such as Chevron, Shell, BP, Gaffney, Cline & Associates, RWE, Petronas, LG International, Total, Statoil, ExxonMobil, Hyundai Engineering, Gulf Oil & Gas and others made the reports and presentations. They expressed belief that mutually advantageous partnership with Turkmenistan playing a role as a world’s energy power in ensuring global energy security had great prospects.
Specialists of the foreign companies that operate on the Turkmen market told about their expertise and the plans for exploration and commercial production of gas deposits in Turkmenistan.
The report presented by Peter Holding, Senior Manager for Russia and the Caspian Region of Gaffney, Cline & Associates on the ongoing work on evaluation of natural gas reserves of he Southern Yoloten-Osman field became a sensation. The expert stated that the company would complete the new audit of this field taking into account the results of the surveys conducted by Turkmen geologists in recent years. This will enable to present the new data to evaluate the reserves of the Southern Yoloten-Osman field. The British expert stated that even now Southern Yoloten-Osman could be regarded as the world’s second biggest deposit.
Those speaking at the forum said that the Avaza national tourism zone was developed rapidly through the efforts of President Gurbanguly Berdimuhamedov. In this regard the Congress participants expressed gratitude to the Government of Turkmenistan for providing an opportunity to hold the oil and gas forum of the Caspian seashore.
Noting that India viewed Turkmenistan as the largest natural gas exporter in the Central Asian region, Minister of State for Petroleum and Natural Gas of India R. Singh emphasized that his country attached profound significance to the TAPI gas pipeline project that would bring economic benefits to the participating nations as well as contribute to maintaining stability and peace in the Asian region. Reaffirming that India was interested in ‘blue fuel’ supplies from Turkmenistan, the Minister of State informed that they were planning to sign the gas sales agreement under the TAPI gas pipeline project in the middle of the year that would give a powerful impetus to speed up the project implementation.
Ambassador Norbert Jousten, Head of the EU Delegation focused on the work done by Turkmenistan and the European Union in recent years to foster energy cooperation. Welcoming the ongoing activity aimed at promoting the plans to build an energy corridor towards Europe, the Ambassador emphasized that the implementation of these projects would contribute to strengthening the position of Turkmenistan as a major and independent player on global energy markets.
The forum participants considered the issues related to development of global energy market, energy security and Turkmenistan’s role as a major gas exporter to world markets. The forum agenda focused on such issues as diversification of energy transit, international cooperation, the priority spheres of investment in the gas sector of Turkmenistan and the aspects of development of national and regional gas transportation infrastructure.