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
- Buried Hill Energy
- China National Petroleum Corporation (CNPC)
- Dragon Oil PLC (DGO)
- ENI (Burren Energy PLC)
- Itera International Group of Companies and Zarubezhneft Joint Stock Company
- Mitro International Limited (Austria)/Turkmennebit Consortium (The Khazar Consortium)
- Mubadala Development Co.
- Naftna Industrija Srbije
- Petronas Carigali (Turkmenistan) SBN BHD – PC(TC)SB
Exploration and Production Companies Courting Turkmenistan
Oil Services Companies Active in or Courting Turkmenistan
- Argus Ltd.
- Baker Hughes
- Calik Enerji
- Cudd Energy Services
- DRC Group LLC
- Gulf Agency Company (GAC)
- ILK Construction
- Integra Group
- International Petroleum Investment Co. (IPIC)
- LG International Corp.
- The Momentum Group
- Murphy Shipping & Commercial Services Inc.
- National Oilwell Varco
- Parker Drilling
- Petrofac Emirates
- Schlumberger: Caspian Geomarket (CAG)
- Scomi Group Bhd
- 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.