Turkmenistan, Ashgabat, April 5 / Trend, H. Hasanov /
Industrial stream with high pressure was received on the Galkynysh field in Mary region, which ranks second in the world for its natural gas reserves, the Petroleum and Mineral Resources Ministry of Turkmenistan said on Thursday.
"Recently, employees of the Turkmengeology Corporation's enterprise received industrial natural gas stream with high pressure from the fifth drill well (test distance of 4.6-4.7 km)," the report says.
According to specialists, this well is capable of producing 1 million cubic meters of natural gas per day.
According to a British Petroleum (BP) report, Turkmenistan ranks fourth in the world after Russia, Iran and Qatar for its natural gas reserves.
The country's major fields are concentrated in the east of the country, "Southern Yoloten - Osman" (recently merged and renamed as Galkynysh) and Yashlar field with total resources estimated by local geologists and British GCA at 26.2 trillion cubic meters.
Turkmengas State Concern deals with the industrial development of Galkynysh. It signed service contracts worth $9.7 billion with Gulf Oil & Gas Fze, Petrofac International LLC (UAE), CNPC Chuanging Drilling Engineering Company (China) and LG International Cоrp and the Hyudai Engineering consortium (South Korea) in Dec.2009.