VOL. XLII

No 47

22-November-1999

FSU

Turkmenistan Signs PSA With Dragon Oil

Turkmenistan and Dubai-based Dragon Oil have signed a25-year production sharing agreement covering exploration and refurbishment inthe offshore Lam and Zhadanov fields. According to Mr. Paul King, who coversDragon痴 operations in Turkmenistan, the company will drill several wells inthe offshore Caspian blocks. The agreement also calls for Dragon to increasethe capacity of both onshore and offshore facilities serving the...