History
The discovery of the gas field was announced on 2 November 2006. Late Turkmen president Saparmurat Niyazov invited Chinese CNPC and Turkish Çalik Enerji to participate in the exploration and development of the Ýolöten field. In 2008, the gas field was audited by Gaffney, Cline & Associates. According to Gaffney, Cline and Associates (GCA), Yolotan is five times larger than Dauletabad and fourth or fifth largest gas field in the world.
In December 2009, the contracts to develop the field were awarded to CNPC, South Korea's LG International and Hyundai Engineering and the UAE's Petrofac Emirates. While CNPC and Petrofac Emirates will be responsible for gas production, a consortium of LG International and Hyundai Engineering will build a gas processing plant by the third quarter of 2012.
Read more about this topic: Iolotan Gas Field
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