Book Description
This digital document is an article from APS Review Oil Market Trends, published by Pam Stein/Input Solutions on September 20, 2004. The length of the article is 993 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.Citation Details
Title: TURKMENISTAN - E&P Offers.
Publication: APS Review Oil Market Trends (Newsletter)
Date: September 20, 2004
Publisher: Pam Stein/Input Solutions
Volume: 63 Issue: 12Distributed by Thompson Gale
Excerpt. © Reprinted by permission. All rights reserved.
Onshore and offshore areas have been opened for exploration and JV developments since 1991. The first tender in 1998 was unsuccessful as Ashgabat included offshore blocks disputed by Azerbaijan and Iran. A second tender was not issued as planned on March 16, 2000. Instead, the oil and gas ministry held roadshows in Houston, London Ashgabat and negotiations with companies were direct. The results were not encouraging. In 2001 the government offered 32 offshore blocks. Companies interested in the offers and still negotiating with Ashgabat include ConocoPhillips, ChevronTexaco, TotalFinaElf, Agip, Wintershall, Maersk, Petronas and JNOC. Negative experiences suffered by Bridas of Argentina and the Dutch company Larmag had persuaded several Western firms to hold back from entering the Turkmen energy...
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