Ashgabat, Turkmenistan, Jan. 27
By Huseyn Hasanov- Trend:
Turkmengaz State Concern plans to drill and complete the construction of nine new exploitation wells at the Turkmenistan's largest field Galkynysh in 2016, said the Turkmen Oil and Gas Ministry in a message Jan. 27.
It is expected that the exploitation of these wells will ensure further growth of extraction of natural gas as part of the first stage of the Galkynysh field development.
Some eight ZJ-70DBS drilling equipments produced in China are involved in the drilling works, the message said.
"As part of the first stage of development of the Galkynysh field, Turkmengaz plans to construct 40 wells," according to the message.
Turkmenistan, which has the fourth largest proven gas reserves in the world, is actively implementing an energy strategy aimed at increasing exports of the blue fuel and diversifying its supply routes to the largest global markets, where the demand for energy resources is growing.
Being one of the key players in the gas market of the Caspian Sea region and Central Asia, Turkmenistan produces about 70-80 billion cubic meters of gas a year. It possesses some 17 trillion cubic meters of natural gas, with some estimates placing that figure upwards of 25 or 26 trillion cubic meters.