OREANDA-NEWS. February 16, 2012. The specialists of TATNEFT Company started well workover operations in the south-eastern sector of the oil production area No. 4 at NGDU "Goturdepenebit", reported the press-centre of TATNEFT.

The work is carried out by the Company's branch in Turkmenistan within the framework of the contract between TATNEFT and the State Concern "Turkmenneft" for providing the services to enhance oil recovery.

The subject of the service contract signed between the parties is rendering of services aimed at enhancing crude oil recovery from existing wells and further use of the potential oil production from Goturdepe field. The Contract duration is 7 years.

The contract supervisor on the part of TATNEFT is NGDU "Elkhovneft."

Information Reference
The relationship between TATNEFT and the State Concern "Turkmenneft" have been developed in the framework of cooperation laid down in the relevant Agreement between the Republic of Tatarstan and Turkmenistan dated June 28, 2008 and the Protocol on cooperation in the oil and gas sector signed by TATNEFT and the State Concern "Turkmenneft" in July 2008.

In February 2011 TATNEFT received an official document of registration of the branch office in Turkmenistan: Certificate (SAHADATNAMA) issued by the Ministry of Economy and Industrial Development of the Republic of Turkmenistan.