Turkmenistan, Ashgabat, Aug. 24 /Trend H. Hasanov /
The State Concern of Turkmenistan - Turkmenneft plans to conclude a contract with China Petroleum Technology and Development Corporation at its own expenses, for the supply of pipe products, a decree of the Turkmen President Gurbanguly Berdimuhamedov said.
According to the report, some 5,500 tons of boring casings with the diameter of 139.7 millimetres for using in the drilling of oil and gas wells will be purchased.
The document says that this will serve to the successful resolution of challenges, faced by the country's oil industry, as well asm to the drilling of oil and gas wells in accordance with the program of development of Turkmenistan's oil and gas industry till 2030.
During the years of Turkmenistan's independence, since early 90s, the State Concern Turkmenneft has managed to increase oil production from five million tonnes to eight million tonnes annually.
The Chinese companies remain as the active partners. Particularly, Sinopec implements its new technologies at the wells of western fields of Barsagelmes and Nebitdag, which helps to successfully implement waterproofing, sand fighting, strengthening zones of wells.
The government of Turkmenistan attracts major investments to the modernization of the oil industry.
In particular, ZJ-7ODS installations, purchased in China, are able to drill up to a depth of 7,000 meters.
Modern equipment and technology allow discovering new deep oil deposits in previously inaccessible deposits, which greatly expands the volumes available for the development of hydrocarbon reserves.