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    Dragon Oil targets zero gas-flaring in Turkmenistan by 2027: OGT2023

Summary

The company currently uses 70% of the gas it produces but wants to raise this to 100%. [image credit: Dragon Oil]

by: Joseph Murphy

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Asia/Oceania, Top Stories, Topics, Turkmenistan, News By Country

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Dragon Oil targets zero gas-flaring in Turkmenistan by 2027: OGT2023

UAE oil company Dragon Oil aims to achieve zero gas flaring in Turkmenistan by 2027, its CEO Ali Rashid Al Jarwan said at the Oil and Gas of Turkmenistan (OGT) 2023 conference in Ashgabat on October 26.

Dragon operates oil and gas fields at Block 2, otherwise known as the Cheleken contract area, in the Turkmen section of the Caspian Sea. Oil production currently averages 60,000 barrels/day, while the natural gas that is recovered is used for power generation or flared.

"We currently use 70% of the gas we produce, but in three years, we hope to reach the 100% mark, making our hydrocarbon production work for Turkmenistan environmentally friendly," Al Jarwan said.

Dragon has been working at Block 2 since 2000. Last year it got its contract renewed for another ten years, from its previous expiry point of May 2025.

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