HomeBlockchainKazakhstan’s Oilfield Providers Develop into Worldwide Markets – Blockchain Information Web site

Kazakhstan’s Oilfield Providers Develop into Worldwide Markets – Blockchain Information Web site

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Kazakhstan’s first self-elevating offshore drilling rig (SEDR), “Satti,” is ready to start drilling operations within the Turkmen sector of the Caspian Sea on the Cheleken subject. The “Satti” rig is a singular improvement, absolutely geared up with superior expertise for drilling in difficult offshore circumstances.

Following a 2021 modification, its load capability elevated from 453 to 680 tons, opening new alternatives for larger-scale initiatives. The rig can drill wells as much as 6,000 meters deep.

The profitable deployment of the “Satti” SEDR in worldwide initiatives demonstrates Kazakhstan’s functionality to execute advanced oil and gasoline operations on a worldwide scale, offering high-quality providers.

To assist the upcoming work, “KMG Drilling and Services” (a subsidiary of JSC NC “KazMunayGas” and proprietor of the “Satti” rig) has opened a department in Ashgabat, guaranteeing environment friendly operations in Turkmenistan. The department’s opening ceremony was attended by KMG’s head, Askhat Khasenov, and the chairman of the State Concern “Turkmennebit,” Guvanch Agadzhanov.

This milestone marks a big step in increasing Kazakhstan’s presence within the worldwide oilfield providers market whereas strengthening bilateral cooperation between Kazakhstan and Turkmenistan.

In August, “KMG DS” and Dragon Oil Turkmenistan Restricted signed a contract to conduct drilling operations within the Turkmen sector of the Caspian Sea.

Background:

The State Concern “Turkmennebit” is Turkmenistan’s nationwide oil firm, established in 1996. It handles oil and gasoline condensate exploration and manufacturing nationwide, with headquarters in Ashgabat. The corporate performs a key function in implementing the state’s oil and gasoline insurance policies and companions with Dragon Oil (UAE).

“KMG Drilling & Services” LLP, a subsidiary of KazMunayGas, is a number one supplier of drilling providers within the Kazakh sector of the Caspian Sea, based in 2008. It owns the primary offshore drilling rig, “Satti.”

Dragon Oil Turkmenistan Ltd, a subsidiary of Dragon Oil (UAE), is concerned in hydrocarbon exploration and manufacturing within the Cheleken space of the Caspian Sea. The corporate is owned by the Emirates Nationwide Oil Firm (ENOC).

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