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E & P News

2017

May 2017: A potentially large gas field has been discovered onshore close to the Caspian Sea in the Uzunada area. It is very deep, at about 7000m, and tested gas and condensate. Turkmenistan contains the world's second-largest gas field, Galkynysh. It has sold no gas to Russia since 2016. The government is seeking new export routes to Europe and Afghanistan, Pakistan and India.

2016

No significant news in 2016.

2015

Dec 2015: A US$2.5 bn, 773 km, 30bcm pipeline has been completed to deliver gas from Galkynysh in the east to the Caspian coast, from where the proposed Trans-Caspian link (TCP) could deliver gas to Azerbaijan and Europe. A further line from Galkynysh has begun construction to deliver gas to Afghanistan, Pakistan and India (TAPI).

Apr 2015: Dragon Oil increased production from the Cheleken fields in the first quarter of 2015 with levels rising above 93,000 bbls of oil per day in March. Average output for 1Q was  88,700 bbls per day, 23% higher than 1Q 2014.

2014

Jul 2014: Dragon Oil said it was still on track to meet its end 2015 production target of 100,000 bbls of oil per day despite having to suspend a new appraisal well at its Dzhygalybeg (Zhdanov) field after disappointing results.

Jun 2014: Dragon Oil reports that, in the second quarter of 2014, it completed 2 sidetracks and is currently completing 2 development wells in the Cheleken Contract Area. The drilling programme includes up to 16 wells, most of which will come into production in the second half of 2014. Exit production of 87,000 to 90,000 bbls per day is planned for 2014 and an exit rate of 100,000 bbls per day for 2015.

Apr 2014: Dragon Oil has published a quarterly update on drilling activity in the Cheleken Contract Area. There are 3 drilling rigs currently operating with Land Rig 2 soon to be mobilised offshore followed by  the arrival of the Caspian Driller. The field production in Q1 2014 was 72,300 bbls per day. Due to drilling delays production growth in 2014 will be 10% on the basis of 14-16 wells completed.

Jan 2014: Dragon Oil has published an update on the Cheleken Contract Area. Since the beginning of Oct 2013, the company has completed 2 wells using a jack-up rig on the Dzheitune (Lam) C platform. Four rigs (2 jackups and 2 platform rigs) will be at work in the next 2 months. Cheleken field production for 2013 was 73,750 bbls per day compared to 67,600 bbls per day in 2012.

2013

Sep 2013: The US$3.4 bn Galkynysh gas field, formerly known as South Iolotan, has been commissioned by Turkmengas. The gas treatment plant, which is situated 400kms southeast of Ashgabat, is capable of processing 10 bcm of gas each year and the development includes sulphur handling, well pad facilities, condensate processing, storage and 100 kms of export pipeline.

Apr 2013: Dragon Oil will increase development drilling on the Cheleken Contract Area (CAA). Two rigs are in operation; a leased platform rig and a jackup and it expects to take delivery of 3 more rigs. Two platform rigs will start drilling on the Dzhygalybeg (Zhdanov) field in 2013 and the jackup Caspian Driller will arrive. Water injection has begun on the Dzheitune (Lam) field and more slots will be used for drilling and side tracking from existing platforms. Oil storage capacity will quadruple at the CPF, targeting 100,000 bbls per day from the CCA by 2015.

Jan 2013: Dragon saw output rise to 67,600 bbls of oil per day in 2012, up 10% on 2011’s 61,500 due to its 2012 drilling of 15 development wells. Sand control issues affected oil flow from some wells, requiring installation of screens. Dragon expects the modules for the Dzhygalybeg (Zhdanov) A platform to be ready for drilling in mid 2013. The Dzhygalybeg B platform is being assembled in Hazar. Contracts for 2 platforms at Dzheitune (Lam) are to be awarded in 2013 with an increase of oil storage at the CPF. Contracts will be issued in 2013 to install up to 5 wellhead and platforms in the Dzheitune (Lam) field from 2015.

2012

Nov 2012: Turkmenistan plans to build 2 pipelines to carry gas from the giant Galkynysh field (formerly South Iolotan). One would run to Afghanistan, Pakistan and India and the other would cross the Caspian Sea to the European Union. Galkynysh is being developed under a service contract by CNPC, Gulf Oil & Gas Fze, Petrofac, LG International and Hyundai. Output is planned to begin in 2014. Russia, the traditional market for Turkmen gas, has objected to a Caspian Sea pipeline but has reduced its purchases to about 10 bcm per year from 40 bcm and Turkmenistan is producing less than its capacity of 75 bcm.

Oct 2012: Investment in Turkmenistan’s Caspian Sea will rise to US$3.8 bn in 2012 from US$2.1 bn in 2011. The country produces 200,000 bbls of oil per day mostly by Turkmenneft and Dragon Oil. Dragon’s output has risen from 7,000 to 71,751 bbls per day at the end of 2011 and it plans to reach 100,000 by 2015. The Turkmen sector of the Caspian Sea comprises 32 blocks, 2 of which are in development and 3 are being explored. Petronas, Total, Chevron and ConocoPhillips are looking at undeveloped blocks. Jack-ups working in Turkmenistan, Kazakhstan and Russia are expected to more than double to 6 or 7 in 2013.

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