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Petro Gas FZE gets 170 million dollar contract from Dragon Oil


The new pipe will transport all the oil and gas produced offshore from Dragon’s asset in the Cheleken Contract Area.

Published Jul 23, 2008
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Dragon Oil has handed a US $170m, 15-month contract to Petro Gas FZE for the engineering, procurement and installation of a new 30-inch, 39.4km trunkline in the Caspian Sea.

The new pipe will transport all the oil and gas produced offshore from Dragon’s asset in the Cheleken Contract Area, to the company’s New Processing Facility (NPF) in the town of Hazar on the western coast of Turkmenistan.

Dragon is also currently tendering for up to four new jackup rigs. It has received tenders for Phase 2 of the NPF, which will enable the facility to process up to 100,000 b/d of oil and 180 MMcf/d (5.1 MMcm/d) of gas.