Report summaryPETRONAS operates the Block 1 offshore PSC in the Turkmen sector of the Caspian Sea. The contract was signed in 1996 and covers five oil and gas-condensate fields, including two discoveries made since 2002. First oil and gas were achieved in 2006 and 2011 respectively, with gross production of more than 50,000 boe/d in 2015.Block 1 reserves are mainly gas, but deteriorating market conditions have left large volumes stranded. As a result, the project is increasingly focused on maximising oil ...
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- Block 1 PDF - 658.18 KB 27 Pages, 23 Tables, 8 Figures
- Block 1 XLS - 979.00 KB