Asset Report
Block 1
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. Block 1 reserves and resources are mainly gas, centred on the Magtymguly field. In 2023, average sales production is approximately 95,000 boe/d. About 80% is gas and the remainder liquids (oil and condensate). First oil and gas were respectively in 2006 and 2011. The development involves multiple fixed offshore platforms and a large-scale onshore ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
-
PSC
- PSC expiry
- Operator
-
PSC
-
Geology
- Naming convention
-
Overview
- Structures
- Reservoirs
- Magtymguly
- Garagol-Deniz
- Diyarbekir
- Mashrykov and Ovez
-
Hydrocarbon quality
- Liquids
- Gas
-
Exploration
- Soviet era
-
PETRONAS (1996 onwards)
- Seismic and other studies
- E&A drilling
-
Reserves and resources
- Reserves
- Contingent resources
-
Production
-
Oil-led phases
- Diyarbekir early oil (2006-15)
- Oil expansion (2015 onwards)
-
Gas-led phases
- Phase 1 gas (2011 onwards)
- Gas delivery to Kiyanly petrochemical plant (2018 onwards)
-
Emissions
- Overview
- Operator's corporate strategy
-
Oil-led phases
-
Development
- Key development metrics
- Key dates
-
Infrastructure
-
Liquids
- Initial transportation
- Exports
-
Gas
- Overview
- Export routes
-
Liquids
-
Costs
- Overview
- E&A costs
-
Operating costs
- Transportation costs
-
Sales contracts
-
Liquids
- Overview
- Current sales
-
Gas
- Current GSA
-
Liquids
-
Fiscal and regulatory
- Oil royalty
- Gas royalty
- Cost oil
- Profit oil
- Profit tax
- Signature bonus
- Social investment programme
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
-
Oil price
- Future sales
- Gas price
- Global Economic Model (GEM) file
- Economic analysis
Tables and charts
This report includes 31 images and tables including:
- Key facts: Table 1
- Index map
- Block 1 map
- Exploration: Table 1
- Cash Flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining Present Value Price Sensitivities
- Participation: Table 1
- Geology: Table 1
- Geology: Table 2
- Geology: Table 3
- Geology: Table 4
- Geology: Table 5
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Capital costs
- Costs: Table 2
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
- Geology: Table 6
- Production: Table 1
- Production: Table 2
- Block 1 production profile
- Infrastructure: Table 1
- Costs: Table 3
- Sales contracts: Table 1
What's included
This report contains:
Other reports you may be interested in
Asset Report
Faihaa (Block 9)
The Faihaa oil field is the first discovery from Iraq's 2012 exploration round. It was brought onstream in October 2015.
$3,100
Asset Report
PM3 CAA
The PM3 block is located within a Commercial Arrangement Area (CAA) set up between Malaysia and Vietnam to allow exploration and the ...
$5,750
Asset Report
Karchiga copper mine project
A detailed analysis of the Karchiga copper mine project.
$2,250