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Turkmenistan expands exploration of oil fields

16 June 2016 12:02 (UTC+04:00)
Turkmenistan expands exploration of oil fields

By Nigar Abbasova

Exploration of oil fields is currently one of the priority directions of the Turkmengeology state corporation.

The Turkmen Oil and Gas Ministry announced about this, mentioning that the whole dry land territory of Turkmenistan is considered as prospective in the terms of hydrocarbon reserves.

The company gradually introduced new technologies in the sphere of deep-well drilling. Practical use of the technologies and up-to-date aggregates of driveheads have allowed reducing the term of the well construction as well as significantly cut production costs. The corporation is engaged in the process of contract conclusion on the delivery of the necessary equipment and training of local specialists.

Furthermore, Turkmengeology expects to get considerable results from a number of contracts previously concluded with foreign companies.

Chinese Chuanqing Drilling Engineering Company Limited (CCDC), which is a subsidiary of China National Petroleum Corporation (CNPC), is expected to complete drilling process of the exploratory well located in the Nagarachi area, in the east of the country. The total depth of the well is considered to be 5,500 meters.

CCDS is focused on upstream oilfield services and committed to provide innovative solutions to develop the oil industry in all of its subsidiaries.

Meanwhile, Yug-Neftegaz Company which is registered in Singapore, continues its seismic operations using 2D and 3D methods in the area of Northern Goturdepe, Goturdepe and Barsagelmes fields in the west of Turkmenistan.

“The work will be performed both on land and partly on the shallow part of the Turkmen sector of the Caspian Sea," the ministry reported.

Turkmenistan has abundant reserves in the energy resources.

The country’s oil production in 2015 amounted to 12.7 million tons, the rate is higher by 5.0 percent in comparison to the figures shown in 2014, according to the BP energy outlook. The country’s share in the world’s total oil production amounted to 0.3 percent in 2015.

Turkmengeology State Corporation is the leading government organization in the field of geological exploration which specializes on comprehensive study of interiors of the Turkmenistan area, discovering and exploration of all kinds of natural reserves.

The corporation implements operation of different kind of geological exploration work such as deep prospective drilling, geophysical field surveys, processing and interpretation of geological and geophysical materials, received in the process of field surveys, mechanical core drilling, geological, hydrogeological and geoecological survey, engineering geological prospecting, laboratory studies of rock samples, core and fluid analysis, collection and storage of information about geological feature and natural reserves of Turkmenistan as well as maintains work accounts and records focused on study of geological feature of interiors of Turkmenistan.

The rate of growth of oil and gas condensate production of the country in January-March 2016 amounted to 101.5 percent, natural and associated gas - 100.4 percent, while exports of "blue fuel" in foreign countries - 103 percent. The processes are implemented within the framewotk of the "Program of development of the oil and gas industry of Turkmenistan until 2030" Production of a number of petroleum products, including polypropylene, technical lubricants, liquefied gas has increased in comparison to the same period in 2015 increased.

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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova

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