Cyprus to supply special equipment to Turkmenoil

Turkmenistan, Ashgabat, April 26 / Trend H. Hasanov /

The Turkmennebit State Concern (Turkmenoil) plans to conclude a contract with Cypriot company I.C. Intercomplect Limited for the purchase of special equipment, according to a decree of the President of Turkmenistan promulgated on Friday.

According to the decree, it concerns the purchase of four mobile units for exploration and development of oil and gas condensate fields as well as Chandler PVT 3000 GL laboratory equipment for the analysis of fluid flow.

The contract also provides for the execution of commissioning of the above-mentioned mobile systems and laboratory equipment as well as the training of specialists.

Turkmenistan's general hydrocarbon resources total 71.6 billion of oil equivalents, including 20.8 billion tons of oil and 50.8 trillion cubic meters of gas.

Turkmenistan has identified hundreds of prospective oil and gas structures, opened about 160 deposits and nearly 60 of them are under development.

Among the newly equipped and commissioned fields are Chekichler, South Kamyshlydja and Nebitlije located in the west of the country. Also in this region, the Turkmenoil State Concern has recently discovered promising new oil reservoirs at the Altyguyy field which was previously considered only as a gas field.

Turkmenoil has started exploration work in other areas including Kemer, Miesser, Simler, Shayyrdy, Akeser, Garadashli, West Korpeje also located in the western part of the country which remains the main oil-producing region of Turkmenistan.

With the arrival of new rigs and expansion into new areas of exploration, the passage plan for the exploration yardage was increased up to 60,000 metres instead of the previously planned 50,000 metres. Oil produced in western Turkmenistan is characterised by a high commodity. It contains practically no harsh chemical ingredients such as sulphur, carbon dioxide and hydrogen sulphide gases.

In recent years, oil production has been more actively involved in other regions of the country and in particular, started in Central Karakum for the first time.

Turkmenistan plans to increase overall oil production by 2020 to more than 20 million tons, or more than double the current parameters. The national sector of the Caspian Sea and the right bank of the Amu Darya are considered very promising.

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