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...
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