New gas reserves found in Turkmenistan
The studies carried out by the Turkmengeologiya State Corporation made it possible to extend the gas-bearing part of Turkmenistan’s largest Galkynysh field, the country’s ministry of oil and gas said.
"The commercial inflow of gas was obtained from the well No 26 at Gunorta Yoloten area, which allowed expanding the Galkynysh field in the southern direction,” the message said.
According to the message, the commercial inflow of gas was also obtained from the well No 1 in Bagli field and the well No 1 in Giurgiu field, which is also located in the Galkynysh field. These operations were conducted through 3D seismic survey. Along with the work conducted in the eastern part of Turkmenistan (Galkynysh and Yashlar fields), the exploration was also carried out in the southwestern Turkmenistan (Akpatlavuk and Korpeje fields), the message said.
ENOC started buying gas condensate from Azerbaijan
State-owned oil company of the United Arab Emirates (Emirates National Oil Company, ENOC) started to purchase condensate from the Shah Deniz, the largest gas field in Azerbaijan, a source in Azerbaijan’s oil and gas market said.
The source said that ENOC purchases condensate from the share owned by the subsidiary of the National Iranian Oil Company (NIOC) - Naftiran Intertrade Company (NICO), which has a 10 percent stake in the Shah Deniz consortium.
“ENOC intends to strengthen its presence on the market of the Caspian region and started to buy monthly nearly 30,000 tons of condensate from the NICO,” the source said. “This share is transported by rail from the oil and gas terminal in Azerbaijan’s Sangachal to the Georgian port of Batumi, and then is sold on the European market.”
“NICO doesn’t transport its production share via Baku-Tbilisi-Ceyhan (BTC) oil pipeline due to the presence of the US Chevron company in the BTC consortium,” the source noted.
ENOC is the owner of the Dragon Oil company, an operator of the Turkmen Cheleken oil field, most part of the products from which is transported via the BTC.
Kazakhstan, Kashagan shareholders agree on production sharing
Kazakhstan and shareholders of Kashagan oil field have signed the rules of sampling oil, gas and sulfur at this field, Kazakhstan’s Energy Ministry said.
The sampling rules determine the schedule, storage, measuring and forecasts of production, distribution and calculation of the volume of production at Kashagan field in the process of production sharing between Kazakhstan and contractor companies.
The talks on the sampling rules have been going on for several years.