Red Mountain Energy took part in the 17th International Oil and Gas Turkmenistan Exhibition, OGT 2012, which was held from 14-16 November in Ashgabat.

The exhibition was attended by leading oil and gas companies from Russia, China, USA, Germany, England, France, and Japan. This was the first time Red Mountain Energy had taken part in this Exhibition and its 40m2 stand was the perfect venue from which to showcase its EPC capabilities and latest projects. The exhibition was very well attended, attracting a large number of visitors and participants who were able to examine the latest oil and gas technologies and project developments in the oil and gas sector and to consult Red Mountain Energy experts. The exhibition also served as a business forum: Red Mountain Energy senior management held a number of meetings with potential customers, to promote future business in the region.

Peter Ludkovskiy, Chief Sales and Marketing Officer of Red Mountain Energy gave an interview to the local newspaper, “Independent Turkmenistan” on November 15, 2012. In particular he noted that, “Although we are taking part in OGT 2012 for the first time, we are not in fact newcomers to this region. Red Mountain Energy experts have been cooperating with Turkmen gas companies for three years, making the necessary assessments for the construction and equipment needed for a gas processing complex. The research we have done so far will serve as the basis for long term technology which can serve gas processing in Turkmenistan.”

“Our company has great experience in development of gas processing plants,” said Mr Ludkovskiy. “For the past ten years we have worked successfully in the oil and gas market of Russia and Ukraine and for over five years we have a considerable business presence in Kazakhstan. It is part of our mission to introduce new technologies to Russia and the CIS. I am sure that our research here will result in the further development of natural gas production and processing in Turkmenistan, which has an immensely important oil and gas sector. We are proud to be part of its development. ”

International experts estimated that the amount of hydrocarbon resources in Turkmenistan exceeds 71bn tons of oil enough to make Turkmenistan self sufficient in energy, and to leave a healthy energy surplus for export.