Gazyk – First Private Oil and Gas Company in Turkmenistan

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Gazyk – First Private Oil and Gas Company in Turkmenistan
Gazyk is a provider of a range of oilfield services from integrated project management, engineering, drilling operations, environmental solutions.

Gazyk is the first privately owned oil and gas company licensed in Turkmenistan, offering its services in Central Asia and the Caspian region. The company is considered a leader in the local oil and gas market. Gazyk seeks to fulfill its obligations to customers at a high level, relying on the experience and qualifications of its international specialists and using high-tech equipment; the success of customers is the success of the company.

Gazyk is a provider of a range of oilfield services from integrated project management, engineering, drilling operations, environmental solutions.

Various environmental issues pose a threat to environmental sustainability. The mission of Gazyk is to predict, minimize, measure, and more importantly, correct and compensate the impacts of pollution and contamination to the environment. Company offers cost-effective solutions for contaminated areas, solutions for the treatment of oil lakes or pits, and innovative environmental services that contribute to sustainable development.

Mawy Kenar joint venture 

In February 2018, the President of Turkmenistan signed a Decree on the implementation of the contract between the Turkmennebit State Concern and the Mawy Kenar joint venture for cleaning contaminated oil land in the Balkan province.

The main objective of the 15 year contract is to clean the sands where oil had been discovered during historical drilling activities and independent geological surface seepage, and to recover the oil for commercial use.

Gazyk has formed a joint venture with Benel Technical Services from Canada and Hazar Balyk for this particular contract. The JV is named Mawy Kenar with Gazyk as the main operator. This is one of the biggest environmental, ecological clean-up projects in Turkmenistan, and a high profile contract for Gazyk.

Gazyk aims to apply its accumulated international and local experience in the operations at Caspian region and Central Asia. The company participated at the 9th International Gas Congress of Turkmenistan in 2018 as a Platinium Sponsor.