Such companies as Petronas, Dragon Oil, Buried Hill
, RWE Dea AG, Areti (Itera) and Eni have been involved in the exploration work in the Turkmen sector of the Caspian Sea.
Ridlington, who served as Tabreed's CFO from 2009 to 2011, and led the restructuring of the company during that period, will make his return to the UAE's largest district cooling company after spending the last four years in London as CFO for Buried Hill
, a private upstream oil and gas exploration company.
He has spent the last four years in London as CFO for Buried Hill
, a private upstream oil and gas exploration company and has over 34 years of international industry experience, including 17 at global oil major BP.
Malaysia's Petronas and London-listed Dragon Oil are producing oil, while Germany's RWE, Russia's Itera and Cyprus-headquartered Buried Hill
are prospecting for oil on the sea shelf.
The major international oil and gas companies operating in Turkmenistan are Petronas, Dubai-based Dragon Oil, Maersk, Wintershall and Buried Hill
Russia's Zarit Consortium and other firms such as BP, Chevron, Buried Hill
Energy, ExxonMobil, Shell, ENI, Total, Gazprom/GazpromNeft, LUKoil, and ConocoPhillips are among IOCs eager to explore and develop Caspian Sea blocks for oil and gas.
But in February 2008, Buried Hill
claimed it had signed a PSA with the Turkmen government to begin production from this field.
This 13,000 foot exploratory test will evaluate a large Pre Tertiary buried hill
prospect located about 4 miles west northwest of the CFD 2-1-1 discovery.
Currently, Petronas, Dragon Oil, Buried Hill
, RWE Dea AG, Itera and Eni have been involved in developing the Turkmen part of the Caspian Sea.
An agreement has been signed by African Petroleum Corporation (APC) with Buried Hill
Africa Limited (Buried Hill
) to farm-out a 10% interest in Block CI-509 offshore Cote d Ivoire.
The terminated licenses are: Offshore Blocks A1 and A4 licensed to African Petroleum Gambia Limited and Buried Hill
play type confirmed and de-risked for future exploration.