Azerbaijan, Baku, April 15 / Trend /
Germany's company RWE Dea has officially opened its new branch in Turkmenistan, the company said
Last year, RWE Dea was granted the exploration rights for the Licence Block 23 under a "Production Sharing Agreement". The License Block 23 is located in the southeast of the Caspian Sea and covers about 940 square kilometres. RWE Dea is currently preparing a comprehensive environmental study.
The current process of evaluating existing seismic data will be followed by a 3D seismic survey covering an area of about 400 square kilometres, prior to the drilling of an exploration well.
"Turkmenistan will play a major role in the energy supply for Europe. We are planning to expand our activities in this country further, and we are looking forward to our continuing close collaboration," Ralf to Baben, member of the Board of Management of RWE Dea, said.
Turkmenistan has large reserves of natural gas. It is regarded as one of the potential suppliers of gas for the Nabucco pipeline project. It is a priority for the EU project in terms of diversification of routes and sources of gas supply. The project envisages the transportation of gas from the Caspian region and the Middle East to the EU countries.
RWE Dea AG, headquartered in Hamburg, is an international company operating in the field of exploration and production of natural gas and crude oil.
The company is included in RWE concern. It is one of six shareholders of Nabucco project.