Foreign PSAs help boost Turkmen oil production

This third of four articles on Turkmenistan features an official Turkmen perspective.Turkmenistan's ambitious production targets are getting a boost from four projects under production sharing agreements.Part 1 of this three-part series described the production targets and transportation-export challenges (OGJ, Oct. 14, 2002, p. 43).This second part describes the active PSAs, which include two offshore and two land projects. Three are producing oil, and the fourth is still at its exploration stage.Plans of foreign companies for all these projects for 2002 called for an increase in oil production by 1.6 times compared with 2001. Production, which in 2001 totaled 940,000 tons/ year (18,...

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