ADNOC to Open New Office in Ashgabat

TEF
ADNOC to Open New Office in Ashgabat
29th International Oil and Gas of Turkmenistan Conference and Exhibition (OGT-2024), October 23, 2024, Ashgabat, Turkmenistan (Photo: TEF)

ADNOC, which launched the international energy investment company XRG in 2024, is bringing its largest-ever delegation to Oil & Gas Turkmenistan (OGT 2025) this year, with participation through a prominent and interactive stand, Diamond Sponsorship, and executive speakers at the conference. The 30th edition of the landmark event will take place 22-24 October 2025 in Ashgabat.

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The company’s commitment to the country was demonstrated in May of this year, when it secured a 38% stake in the offshore Block I gas concession under a Production Sharing Contract with Turkmennebit, Hazarnebit, and PETRONAS. This marks a major expansion of its activities in the in the Caspian region.

The deal, which includes gas sharing with Turkmengaz, was one of five successful international gas transactions the company has announced since its formation. The long-term partnership enhances the strong relationship between the UAE and Turkmenistan while providing a platform for even further collaboration in the years ahead.

Producing around 400 million standard cubic feet of natural gas per day, Block I provides access to more than seven trillion cubic feet of recoverable gas resources and has strong potential for future growth. The asset strengthens energy security, enhances economic growth and delivers long-term value for the local community.

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ADNOC’s planned new office in Ashgabat is expected to open in the coming months, serving as a base for further collaboration, capability development, and innovation.

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As OGT 2025 convenes leaders from across the energy world, ADNOC stands ready to contribute their expertise and partnership to advance the shared goal of secure, sustainable energy development for Turkmenistan and beyond.

For more detailed information, visit the official website: www.ogt-turkmenistan.com

Source: TEF

2022