VOL. XLIV

No 44

29-October-2001

CASPIAN

ExxonMobil To Spud FirstExploration Well In Turkmenistans Garashsyzlyk Concession

Mobil Exploration and ProducingTurkmenistan, a subsidiary of ExxonMobil, will spud its first exploration wellin Turkmenistans onshore Garashsyzlyk concession in early November, MEESlearns. The well has a target depth of 5,000ms and is scheduled for completionin early 2002.Mobil signed a 25-yearproduction-sharing agreement (PSA) with Turkmenistan in July 1998 covering the4,500...