The development of the Turkmen sector of the Caspian Sea is one of the priority areas of investing in the oil and gas industry of Turkmenistan. The resources are estimated at 12.1 billion tons of oil and 6.1 trillion cubic meters of gas.
Turkmenistan considers it a priority to sign production sharing agreements (PSA) by means of direct negotiations on the development of Caspian resources. Such companies as Petronas, Dragon Oil, RWE, Dea AG, Itera and others were involved in the development of the Turkmen sector of the Caspian Sea under the production sharing agreements.
According to the State Agency for Management and Use of Hydrocarbon Resources under the president of Turkmenistan, the amount of foreign investments in the development of oil and gas projects exceeded $3 billion in 2014 as part of the production sharing agreements (PSA).