Asset Report
Block 1
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 2025, average sales production is approximately 90,000 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
- Summary
- Key Issues
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PSC
- Overview
- Initial PSC
- Operator
- Naming convention
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Overview
- Structures
- Reservoirs
- Magtymguly
- Garagol-Deniz
- Diyarbekir
- Mashrykov and Ovez
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Hydrocarbon quality
- Liquids
- Gas
- Soviet era
- 18 more item(s)...
Tables and charts
This report includes the following images and tables:
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Index mapBlock 1 mapParticipation
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Magtymguly reservoir qualityMagtymguly reservoir qualityGaragol-Deniz reservoir qualityDiyarbekir reservoir qualityDiyarbekir reservoir qualityReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Capital Costs Pre-2016 to 2024 (US$ million)Cash Flow (US$)
- 13 more item(s)...
What's included
This report contains:
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