Asset report
Block 1
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Report summary
PETRONAS operates the Block 1 offshore PSC in the Turkmen sector of the Caspian Sea. The contract includes five oil and gas-condensate fields. First oil and gas were respectively in 2006 and 2011, with gross production of about 65,000 boe/d in 2016.Block 1 reserves are mainly gas, but deteriorating market conditions have left large volumes stranded. As a result, the project refocused on boosting oil output, which initially came from temporary offshore facilities at the Diyarbekir field ...
What's included
This report contains
Table of contents
- Key facts
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Summary and key issues
- Summary
- Key issues
- Location maps
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Participation
- PETRONAS PSC (1996 onwards)
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Geology
- Naming convention
- Structure
- Reservoirs
- Magtymguly
- Garagol-Deniz
- Diyarbekir
- Mashrykov and Ovez
- Hydrocarbon quality
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Exploration
- Soviet era
- PETRONAS (1996 onwards)
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Reserves and resources
- Technical upside
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Production
- Diyarbekir early oil (2006-15)
- Phase 1 gas (2011 onwards)
- Oil expansion project (2015 onwards)
- Gas delivery to Kiyanly petrochemical plant (2018 onwards)
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Development
- Key development metrics
- Facilities
- Drilling
- Kiyanly fabrication yard
- Offshore infrastructure
- Drilling
- Onshore infrastructure
- Diyarbekir
- Garagol-Deniz
- Ovez
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Infrastructure
- Liquids
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Gas
- Kiyanly petrochemical plant
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Costs
- E&A costs
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Capital costs
- Facilities
- Drilling
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Operating costs
- Field costs
- Transportation costs
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Sales contracts
- Liquids
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Gas
- Current GSA
- Kiyanly petrochemical plant
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Fiscal and regulatory
- Oil royalty
- Gas royalty
- Cost oil
- Profit oil
- Profit tax
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Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Global Economic Model (GEM) file
- Economic analysis
Tables and charts
This report includes 30 images and tables including:
Images
- Index map
- Block 1 map
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
- Remaining Present Value Price Sensitivities
- Block 1 production profile
Tables
- Key facts: Table 1
- Exploration: Table 1
- Cash Flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Participation: Table 1
- Geology: Table 1
- Geology: Table 2
- Geology: Table 3
- Geology: Table 4
- Geology: Table 5
- Geology: Table 6
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
- Infrastructure: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
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