Turkmengaz to sign contracts on Galkynysh gas field
The Turkmengaz State Concern will sign new contracts to conduct drilling work and development of wells in Galkynysh, the country's major gas field in Mary Province, an official Turkmen source said, Trend news agency reported.
The country's president signed a relevant decree. The issue is about the deal with the following companies: Halliburton Eurasia Ltd. (Cyprus) for preparation of drilling solutions in the construction of seven wells; Western Atlas International Inc. (USA) for operations including drilling of seven development wells; Weatherford Oil Tool M.E Ltd. (British Virgin Islands) for the development of 14 production wells, delivery and installation of equipment in wells.
Local media reported that, according to Gaffney, Cline & Associates (UK), Galkynysh is the second largest field in the world with reserves of 26.2 trillion cubic meters of gas. According to specialists, the field covers a total area of 1,800 square kilometres.
In 2013, Turkmenistan plans to commission the Galkynysh field and extract 30 billion cubic meters of gas.
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