Turkmen President instructs to keep eye on issues regarding development of Galkynysh field
Ashgabat, Turkmenistan, Sept. 2
By Huseyn Hasanov – Trend:
President of Turkmenistan Gurbanguly Berdimuhamedov instructed at a government meeting to keep all issues regarding the further development of Turkmenistan’s Galkynysh field under special control, Trend reports referring to the Turkmen government.
The reserves of this field, together with Yashlar and Garakol deposits, are estimated at 27 trillion cubic meters.
The information says that Turkmenistan's Deputy Prime Minister Myratgeldi Meredov made a report particularly covering the progress of the drilling of new production and exploration wells at Galkynysh.
It is expected that Galkynysh will initially become a source of fuel for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, which has been under construction since 2015.
President Berdimuhamedov also ordered to intensify work on attracting foreign investors to the industry and establishing mutually beneficial cooperation with leading companies with advanced technologies in the oil and gas sector, the Turkmen Dovlet Habarlary state news agency writes in its commentary.
Presently, there are over 40 wells in the operational fund of the field, with a total area of more than 4,000 square kilometers. The flow rate of each well, on average, equals 2 million cubic meters of gas per day.
A complex of facilities allowing producing 30 billion cubic meters of commercial gas per year was commissioned. The complexes of similar capacity that will provide the TAPI gas pipeline with gas are being built.
The new exploration and production wells are being built. Hyndai, LG (Korea), CNPC (China), Petrofac International and Gulf Oil & Gas FZE (United Arab Emirates) took part in modernization of Galkynysh field at different stages.
Moreover, there is a framework agreement between Turkmengas State Concern and a consortium of corporations including Itochu, JGC, Mitsubishi, Chiyoda, Sojitz (Japan), Calik and Ronesans (Turkey) on the third stage of the development of this field. Negotiations on the project have been ongoing since 2015.