ConocoPhillips

CONOCOPHILLIPS
www.conocophilips.com

Contact Information
Hakim Janah
Turkmenistan General Manager
Office 205, Yimpash Business Center
54, Turkmenbashy Avenue, Ashgabat
T: (99312) 45-70-64

History in Turkmenistan
According to September 2007 reports, ConocoPhillips and Lukoil were negotiating together for fifty percent ownership of Turkmenistan’s offshore blocks No. 19, 20 and 21, and Lukoil’s CEO Vagit Alekperov was quoted as stating “We hope that the contract will be signed by the end of the year.”[i]

However, Lukoil released a press service statement in December 2007 stating that “information released by some mass media with reference to a Company representative alleging that LUKOIL signed a provisional agreement with the Republic of Turkmenistan on development of three offshore blocks in the Caspian is not true. In the meantime, LUKOIL with its partner ConocoPhillips are involved in negotiations with the government of Turkmenistan on joining several oil and gas projects in the Republic.”[ii]

Current Scope of Operations
In June 2010, ConocoPhillips participated in the first American business mission to Turkmenistan, as part of the US Turkmenistan Business Council.[iii] In August 2010, ConocoPhillips was among the companies shortlisted by the Government of Turkmenistan to submit a proposal for developing offshore Blocks 9 and 20.[iv] Also making the list was Abu Dhabi’s Mubadala Development Co., which reported in 2009 that it had entered a strategic alliance with ConocoPhillips, specifically to work together to develop proposals for contracts in Turkmenistan.[v] The two companies have experience working together in Kazakhstan, where they won a bid to develop an offshore field together with KazMunaiGas in 2008.[vi] However, in June 2012, it was reported that ConocoPhillips will close its office in Turkmenistan and end its bid to development Block 19, due to the political environment and “over exports of potential natural-gas output.”[vii]

ConocoPhillips was one of the “Silver Sponsors” of the 2010 Turkmenistan International Oil & Gas Conference.

————————————————————————————————————————-

[i] New Europe, “Lukoil, ConocoPhillips to Develop Turkmen Shelf,” 22 Sep. 2007, http://www.neurope.eu/article/lukoil-conocophillips-develop-turkmen-shelf.Accessed September 23, 2008.

[ii] Lukoil, “Press-release,” 13 Dec. 2007, http://www.lukoil.com/press.asp?div_id=1&id=2798. Accessed September 19, 2008.

[iii] US-Turkmenistan Business Council (2010).

[iv] Bloomberg (13 Aug. 2010).

[v] Tamsin Carlisle (16 Aug. 2010).

[vi] Bloomberg, “Turkmenistan: ConocoPhilips to Team up with Mubadala for Caspian Oil Fields,” 13 Apr. 2010, http://www.energy-pedia.com/article.aspx?articleid=139845. Accessed December 6, 2010.

[vii] Stephen Bierman, “ConocoPhillips to Quit Turkmen Caspian Talks, Nefte Compass Says,”Bloomberg, June 7, 2012; http://www.bloomberg.com/news/2012-06-07/conocophillips-to-quit-turkmen-caspian-talks-nefte-compass-says.html?cmpid=yhoo. Accessed July 2, 2012.