Gaffney, Cline & Associates analyzes new geophysical data in Turkmen part of Caspian Sea
ASHGABAT, Turkmenistan, Feb. 28
By Huseyn Hasanov – Trend:
Gaffney, Cline & Associates (GCA), a global oil and gas consulting company in the UK, has been analyzing new geophysical data on the Turkmen part of the Caspian Sea, Trend reports referring to the Turkmengas State Concern of Turkmenistan.
This data will help formulate a package of proposals for expanding investment cooperation, Turkmengas said.
The GCA has long been working in Ashgabat, conducting an independent audit of gas fields.
In particular, this company estimated reserves of the country’s largest Galkynysh and Yashlar gas fields, concentrated in the Mary Province in eastern Turkmenistan, at around 26.2 trillion cubic meters.
Some 32 licensed blocks with projected reserves of 11 billion tons of oil and 5.5 trillion cubic meters of gas from the Turkmen part of the Caspian Sea (excluding already contracted blocks) have been put up for an international tender.
According to local estimates, more than 80 percent of the resources of the Turkmen part of the Caspian are located in sediments at depths of more than 3,000 meters. Prospects are associated with the Middle Caspian and South Caspian basins.