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TURKMENISTAN

Former Soviet Union

  

Turkmenistan is primarily a gas region, however, oil has been discovered in the South Caspian Sea across the border from Azerbaijan and in adjacent regions onshore. 

 

Exploration began in the Amu Daria basin in 1929 but gas was not discovered until 1953 (in Uzbekistan). The first major finds in Turkmenistan were Shatlyk and Dauletabad-Donmez.

 

The challenge is to encourage foreign investment to produce and develop export routes. After independence in 1991 gas from Turkmenistan had to compete with Russia’s Gazprom because all of the pipelines connecting the region to world markets were routed through Russia. The country’s output rapidly dropped until 1999 when a pricing agreement with Russia was agreed, after which production tripled.

 

No gas is yet produced offshore. The main offshore operation is Dragon Oil’s redevelopment of the Lam oil and gas field in the Cheleken PSA in 10-30 m of water near the Cheleken Peninsula. Discovered in the Soviet era, Dragon initiated a phased field re-development plan in 2000. Turkmenistan and Azerbaijan are also trying to agree a median line in the Caspian Sea.

 

 

 

 

                                                          

 

CAPITAL

 Ashgabat

 

Population

 5.1 million

 

Onshore area

(000's sq kms)

488.1

 

Offshore area

(000's sq kms)

NEW

 

OIL PEAK YEAR

1973

A low-priced and up-to-date oil and gas production and consumption forecast report on this country can be commissioned, including all relevant charts. Contact us for price and contents list.

 

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(All photographs in this website are © 2008 Dr Michael R. Smith).