Yug-Neftegaz has started seismic exploration on land and in Turkmen sector of the Caspian Sea

​A newly registered in Singapore company Yug-Neftegaz has started 2D and 3D seismic exploration near the Northern Goturdepe, Goturdepe, Barsagelmez deposits in the west of Turkmenistan, Turkmengeologiya reports.

The contract was signed in November 2014 but the works started only now.

Only in October 2015 Yug-Neftegaz purchased the equipment for seismic exploration from Wireless Seismic.

The operational manager of Yug-Neftegaz, V. Kryzhanovsky, said that the US RT System 2 suits best for seismic exploration in Turkmenistan.

Though the office of Yug-Neftegaz Private Ltd (private company Yug-Neftegaz) is stated to be in Singapore, its head is I. Burkinsky.

The registered capital of the company is $2.1 mln. The main founder is Moston Foundation (Panama).

The head office of Yug-Neftegaz is located in the Ukraine, 50 people hired.