Turkmenistan reveals gas production figures for Galkynysh field
By Aynur Karimova
The Turkmen Oil and Gas Ministry has revealed the gas production figures for its giant Galkynysh field.
The ministry reported on January 26 that the three stages of development of the Galkynysh field envisages the extraction of up to 95 billion cubic meters of gas a year.
The Galkynysh field provides great prospects for increasing the volumes of production, processing and transportation of fossil fuels. This is due to the huge gas reserves at the field, which, according to the latest estimates stand at 27.4 trillion cubic meters.
The Galkynysh field stands apart from the more than 180 deposits of hydrocarbon resources discovered in Turkmenistan.
International experts say the huge gas resources at the Galkynysh field are sufficient to ensure a long-term supply of fuel both through all the existing export routes and via the pipelines that are planned to be laid under the state strategy on diversification of routes for Turkmen gas supply to global markets.
Turkmengaz State Concern plans to drill and complete the construction of nine new exploitation wells at the Galkynysh field in 2016.
It is expected that the exploitation of these wells will ensure further growth of extraction of natural gas as part of the first stage of the Galkynysh field development.
Some eight ZJ-70DBS drilling equipments produced in China are involved in the drilling works.
"As part of the first stage of development of the Galkynysh field, Turkmengaz plans to construct 40 wells," the concern reported.
Turkmenistan, which has the fourth largest proven gas reserves in the world, is actively implementing an energy strategy aimed at increasing exports of the blue fuel and diversifying its supply routes to the largest global markets, where the demand for energy resources is growing.
Being one of the key players in the gas market of the Caspian Sea region and Central Asia, Turkmenistan produces about 70-80 billion cubic meters of gas a year. It possesses some 17 trillion cubic meters of natural gas, with some estimates placing that figure upwards of 25 or 26 trillion cubic meters.
Currently, Turkmenistan exports its natural gas to China, Iran, and Russia.
There are also discussions on gas supply to Europe through the Caspian Sea, Azerbaijan and Turkey.
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Aynur Karimova is AzerNews’ staff journalist, follow her on Twitter: @Aynur_Karimova
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