The Momentum Group

THE MOMENTUM GROUP
http://www.momentumdubai.com/

Company Information
“The Momentum Group is a leading global contractor for drilling and related services, with 25 years of experience serving the oil industry.”[i] The company is registered in Ireland and headquartered in Dubai. While the Momentum Group does not list a U.S. affiliation on its website, the U.S. Embassy in Ashgabat includes the Momentum Group among its list of U.S. companies represented and/or conducting business in Turkmenistan.[ii]

Contact Information
Momentum Headquarters
Al Mussalla Towers, Suite 903
Khalid Bin Waleed Street (Bank Street)
United Arab Emirates
PO Box 62424, Dubai
T: +9714-397-4115
F: +9714-397-4556

David Shaw
Project Coordinator
Joshgun Trading Center
Bitarap Turkmenistan street
Building No. 108,7th floor
Ashgabat, Turkmenistan
Mobile:  +993 676 110 99
Mobile2: +993 657 103 78

Current Scope of Operations
In February 2010, Momentum, Yantai Raffles Offshore China and TSC Offshore China won a contract to lease and manage a newbuild jackup by Dragon Oil in Turkmenistan. Momentum is the main drilling contractor for the rig and base station, which will be delivered and operational by the end of 2011, and will be utilized for the offshore Cheleken project for a minimum five-year contract, with a possible two-year extension.[iii]

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[i] Momentum Engineering, http://www.momentumdubai.com/Default.aspx. Accessed February 15, 2011.

[ii] Embassy of the US, Turkmenistan Links.

[iii] Momentum Engineering, “Consortium Shocks the Market,” Feb. 2010,http://www.momentumdubai.com/NewsDt.aspx?hID=39. Accessed February 15, 2011.