Turkmenistan, Ashgabat, Feb.24 / Trend, H. Hasanov /
Addressing the newly appointed heads of the oil and gas sector at a special meeting, President of Turkmenistan Gurbanguly Berdimuhammadov urged that work should continue on the development of major gas fields in the country, Turkmen TV reported on Friday
According to the report, 'President Berdimuhammadov also outlined continued work on the development of the largest gas field Galkynysh and other oil and gas fields as being the most important tasks facing the industry'.
According to a report of British Petroleum (BP), Turkmenistan ranks fourth in the world after Russia, Iran and Qatar for its natural gas reserves. The country's major fields are concentrated in the east of the country, Southern Yoloten - Osman (recently merged and renamed as Galkynysh) and the Yashlar field with total resources estimated by local geologists and the British GCA to be at 26.2 trillion cubic metres.
The Turkmengas State Concern oversees the industrial development of Galkynysh. It signed service contracts worth $9.7 billion with Gulf Oil & Gas Fze, Petrofac International LLC (UAE), CNPC Chuanging Drilling Engineering Company (China), the LG International Corp and the Hyudai Engineering consortium (South Korea) in Dec.2009.
