VOL. XXXIX

No. 43

22-July-1996

FSU

Turkmenistan Signs Production-Sharing Agreement With Malaysia's Petronas

The Government of Turkmenistan has signed its first production-sharing agreement with a foreign investor, Malaysia's state-owned Petronas. The agreement is for 26 years and covers the Gubkin, Barinov and Livanov fields in a 1,467-sq. km. area of the Caspian shelf. Petronas's subsidiary in Turkmenistan, Petronas Carigali, will operate the contract, initially drilling two...