Turkmenistan - the Cheleken Contract Area

Turkmenistan - the Cheleken Contract Area

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The Cheleken Contract Area covers approximately 950km² and comprises two offshore oil and gas fields, Dzheitune (Lam) and Dzhygalybeg (Zhdanov), in water depths of between eight and 42 metres. The fields comprise two elongate anticlines situated at the eastern end of the prolific hydrocarbon Aspheron Ridge.

Dragon Oil holds a 100% operatorship in the Cheleken Contract Area.

 

Under the Production Sharing Agreement, Dragon Oil (Turkmenistan) Ltd, as operator, was granted a production licence for the exploration and development of oil and gas resources in the Cheleken Contract Area for a term of 25 years from 1 May 2000 and an exclusive right to negotiate an extension of not less than 10 years. Dragon Oil (Turkmenistan) Ltd is a 100% subsidiary of Dragon Oil plc.

Dragon Oil has been successfully operating in Turkmenistan for almost 16 years. We have invested significant funds in expanding the oil production in the Cheleken Contract Area, and as such, we are one of the largest foreign investors in Turkmenistan. The Group is producing from a significant number of new and old wells.

We employ over 2,000 employees of whom the majority are working in Turkmenistan and are Turkmen nationals. About 200 employees are based in Dubai and provide administrative and technical support to our operations on the ground. Dragon Oil’s employees come from all over the world and have diverse cultural, educational and technical backgrounds. We are proud to maintain a culture of promoting diversity in our approach to hiring and developing our human resources.

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