In an effort to provide an accurate and detailed understanding of the corporate players in Turkmenistan’s hydrocarbon sector, Crude Accountability has compiled profiles on many of the petroleum companies that are either active in the country or have expressed interest in launching operations in Turkmenistan. 

The dossiers are based primarily on English and Russian language news articles, press releases, company websites, and, in some cases, direct correspondence with the companies.

It remains difficult to pinpoint details on company operations, particularly those undertaken by the numerous oilfield services companies contracted in Turkmenistan. 

Read individually, each dossier presents basic background information on the companies and the scope of their involvement in Turkmenistan, to the extent that the information is publicly available. Taken together, the dossiers speak not only to the current status of hydrocarbon development in the country, but also to the strong—and in some cases, long-standing—desire by companies to seal new deals with the government of Turkmenistan.

Crude Accountability’s previous Dossier (2012) offered a rare glimpse into one of the most opaque industries in Turkmenistan. Over the past decade, more players have emerged and more details have become known regarding the major exploration and production agreements in effect. 

We hope to provide an easily accessible and current overview of the petroleum sector in Turkmenistan, and welcome contributions from corporations, government, civil society, and academia to this unique information portal.

Exploration and Production Companies Active in Turkmenistan

  1. Buried Hill Energy
  2. China National Petroleum Corporation (CNPC)
  3. Dragon Oil PLC (DGO)
  4. ENI (Burren Energy PLC)
  5. Gazprom
  6. Halliburton
  7. Itera International Group of Companies and Zarubezhneft Joint Stock Company
  8. Lukoil
  9. Mitro International Limited (Austria)/Turkmennebit Consortium (The Khazar Consortium)
  10. Mubadala Development Co.
  11. Naftna Industrija Srbije
  12. Petronas Carigali (Turkmenistan) SBN BHD – PC(TC)SB
  13. RWE


Exploration and Production Companies Courting Turkmenistan

  1. BP
  2. Chevron
  3. ConocoPhillips
  4. Eqinor
  5. ExxonMobil
  6. Marathon Oil
  7. OMV Group
  8. Shell
  9. Total
  10. TX Oil Ltd.


Oil Services Companies Active in or Courting Turkmenistan

  1. Argus Ltd.
  2. Baker Hughes
  3. Calik Enerji
  4. Cudd Energy Services
  5. DRC Group LLC
  6. Gulf Agency Company (GAC)
  7. ILK Construction 
  8. Integra Group
  9. International Petroleum Investment Co. (IPIC)
  10. KBR
  11. LG International Corp.
  12. The Momentum Group
  13. Murphy Shipping & Commercial Services Inc.
  14. National Oilwell Varco
  15. Parker Drilling
  16. Petrofac Emirates
  17. Schlumberger: Caspian Geomarket (CAG)
  18. Scomi Group Bhd
  19. Transocean
  20. TNK-BP
  21. Weatherford Oil Tool Middle East Ltd.

Companies No Longer Active in Turkmenistan
Companies below were profiled in the 2012 Dossier but has ceased active operations in Turkmenistan since then.

  1. Cameron Corporation
  2. Ceka Energy LLC
  3. International Petroleum Investment Co. (IPIC)
  4. Maersk Oil Turkmenistan BV (Operated by Wintershall)