In its latest annual report Dragon Oil said it is on target to quadruple storage capacity at its central processing facility in Turkmenistan.
The tank farm is will serve the Dzheitune (Lam) field in the Caspian Sea. It is expected to be completed in the first quarter of 2016, although three tanks will be built and commissioned on a priority basis in the second quarter this year.
The process to select a contractor to build another 30ins trunkline from the Dzheitune (Lam) field to the central processing facility is at tendering stage. Construction is expected to take two years after the contract is awarded.
In 2014, Dragon installed additional equipment to increase the capacity of the CPF to handle 100,000 bpd and 150 mmscf of gas per day of average current production. This allows the company to accommodate increases in gross production in 2015 and 2016 and the plateau production of 100,000 bpd for at least five years from 2016.