RWE Sets Up Shop in Turkmenistan
RWE Dea has officially opened its new branch in Turkmenistan, trading as RWE Dea AG, Turkmenistan Branch. Last year, the German upstream company was granted the exploration rights for License Block 23, located in the Turkmenian part of the Caspian Sea and established a local branch.
"Turkmenistan will play a major role in the energy supply for Europe," said Ralf to Baben, member of the Board of Management of RWE Dea, during the official inauguration. "We are planning to expand our activities in this country further, and we are looking forward to our continuing close collaboration." Numerous guests from business and political circles attended the event in Ashgabat, the capital of Turkmenistan.
Last year, RWE Dea was granted the exploration rights for the License 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 kilometers. RWE Dea is currently preparing a comprehensive environmental study. The purpose of the study is to provide a record of the natural environment in its current state and describe environmental protection measures that are to be kept in place during all stages of the work programme.The current process of evaluating existing seismic data will be followed by a 3D seismic survey covering an area of about 400 square kilometers, prior to the drilling of an exploration well.
In exploring Block 23, RWE Dea will be able to draw on extensive expertise and experience regarding the requirements for working in the shallow waters of ecologically sensitive areas. In the Wattenmeer tidelands in the German federal state of Schleswig-Holstein, a nature reserve of international significance, the company has been operating the Mittelplate Drilling and Production Island incident-free for more than 22 years now.
To foster the exchange of know-how within the scope of the Production Sharing Agreement, regular training courses with experts from Turkmenistan's gas and oil industry will be carried out in Germany.These courses will focus on issues such as the general legal environment and the energy industry in Europe, as well as legal and contractual system in the upstream sector. There are also plans for intensive language courses and for providing scholarships.
- Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
- Lundin Granted Drilling Permit in PL609 (Sep 10)
- Lundin Spuds Appraisal Well on Alta Discovery (Mar 25)