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SOUTHERN YOLOTEN-OSMAN FIELD HAS WORLD’S LARGEST GAS RESERVES!
27.05.2011
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.
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