OREANDA-NEWS. On January 14, 2007 the Protocol of Intent was signed between OAO Tatneft and the state-run concern Turkmenneft GK in the capital of Turkmenistan Ashgabat, reported the press-centre of Tatneft.

Tatneft's CEO Shafagat Takhautdinov and Turkmenneft's Chairman Garyagdy Tashliev discussed the current development and prospects for cooperation in implementation of oil and gas projects in Turkmenistan.

As stated OAO Tatneft has got highly skilled personnel, extensive expertise related to oil and gas field exploration and development, well construction and workover, which are areas of keen interest for the Turkmen side.

A wide range of issues were agreed during meetings such as OAO Tatneft's participation in service tenders, implementation of advanced equipment and     cutting-edge technologies to increase oil production and provide well workover operations in the fields of GK Turkmenneft, learning of OAO Tatneft experience in side tracking and horizontal lateral drilling, horizontal well construction, radial underbalanced drilling and others. Turkmenneft GK will consider OAO Tatneft's proposals to provide professional development and retraining for the specialists of the Turkmenistan oil and gas industry in the Almetyevsk State Petroleum Institute and the Corporate Training Centre of OAO Tatneft. 

A Joint Working Group including the specialists of both OAO Tatneft and Turkmenneft GK was decided to set up in order to facilitate the targeted business cooperation.