Eni reveals plans for oil output in Turkmenistan
Baku, Azerbaijan, April 2
By Leman Zeynalova – Trend:
Eni expects a fair stable oil production in Burun Field, Nebit Dag Area of Turkmenistan in 2019, the company told Trend.
Eni said the main activity will be focused on production optimization, with a massive number of wells drilled and worked over, including step-out wells in peripheral areas.
Moreover, the Italian company said that a third drilling rig has been added, contracted by Turkmenneft, fostering local content too.
Eni started its activities in Turkmenistan with the purchase of the British company Burren Energy plc in 2008. Activities are focused on the onshore Nebit Dag Area in the Western part of the country, over a developed acreage of 200 square kilometers (180 square kilometers net to Eni), in four areas.
Production derives mainly from the Burun oil field. Oil production is shipped to the Turkmenbashi refinery plant.
Eni receives, by means of a swap arrangement with the Turkmen Authorities, an equivalent amount of oil at the Okarem terminal, close to the South coast of the Caspian Sea. Eni’s entitlement is sold FOB.
Associated natural gas is used for gas lift system. The remaining amount is delivered to the national oil company Turkmenneft, via national grid.
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