Russian company to supply oilfield equipment to Turkmenistan

Turkmenistan Materials 1 April 2019 13:40 (UTC +04:00)

Ashgabat, Turkmenistan, April 1

By Huseyn Hasanov – Trend:

This year, Russia’s Perm Oil Machine Engineering Company (PKNM) will supply sucker rod submersible pumps to Turkmenistan, Trend reports referring to the company.

The first batch was shipped in December.

The contract signed with the Turkmen Oil (Turkmennebit) concern is PKNM’s largest contract over the past few years.

Sucker rod submersible pumps are used for mechanized extraction of oil from wells in the development of oil fields.

Operating since 1993, PKNM’s partners include Rosneft, Lukoil, Gazprom, Bashneft, etc.

About 10 million tons of oil are extracted in Turkmenistan every year, the main producer being Turkmenneft. Burren Energy (branch of Eni), Mitro, Dragon Oil, and Petronas, are among the foreign companies involved in extraction of oil in Turkmenistan.

It was reported earlier that, due to assurance of the availability of proven natural gas reserves for many years, the main volumes of exploration are currently focused on the search for oil fields, especially in the Miocene deposits in the south-western parts of the country, and Jurassic-Cretaceous sediments in the central regions of the country.

According to local geologists, almost the entire land area of ​​Turkmenistan is considered as promising for hydrocarbons. Moreover, the potential of the subsoil is estimated to a depth of seven kilometers.