Interesting news today from Turkmenistan on its offshore Caspian O & G, with good news for the US, the Chinese, Abu Dhabi - and perhaps others too.

Not such good news, though, for Dubai-controlled Dragon Oil (DGO.L), who seem to be lagging behind.

Some weblinks:

 
 

Turkmenistan selects U.S. majors for oil projects

Chevron, ConocoPhillips and TX Oil, along with Abu Dhabi's Mubadala, to get Blocks 9 & 10

 

http://af.reuters.com/article/energyOilNews/idAFLDE67C0LL20100813

Turkmenistan eyes $4.1 bln China loan for gas field

Aiming for a loan from China's State Development Bank to develop the South Iolotan gasfield

And, good news for others, this:

 

  Kurbanguly Berdymukhamedov, president of Turkmenistan, Central Asia's top gas exporter, has ordered his nation's fuel and energy sector managers to speed up development of oil and gas fields on the Caspian Sea shelf, local media said on Friday.

Work on an environmental study of projects in the Turkmenistan sector of the Caspian Sea shelf implemented by Russia's Itera and Germany's RWE Dea AG at blocks No.21 and No.23 respectively, is of top priority, Berdymukhamedov said.

Berdymukhamedov has ordered preparations for an additional agreement to the production-sharing contract with Italy's ENI on the Nebitdag agreement area.

He also ordered fuel and energy managers to select a winning bid for development of blocks No.9 and No.20. Chevron, Mubadala and ConocoPhillips are among the contenders.

Since the President is obviously aiming to get more development under way in the Caspian as soon as possible, though, perhaps DGO can expect some good news soon as well.

Competition for Central Asian resources heating up again.

Man Siarad

 

 

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