Country report
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70 Pages

Turkmenistan upstream summary


Turkmenistan upstream summary

Report summary

Central Asia's largest gas producer - Turkmenistan's gas production will average 6.1 bcfd in 2017, 90% of which will come from the Amu Darya basin. Future gas production will be underpinned by Galkynysh (South Iolotan), the world's second largest gas field. The 2.9 bcfd Phase One development came onstream in 2013 and Phase Two is under construction.Mutual gas reliance between Turkmenistan and China - Turkmenistan exports gas to China via the Turkmenistan-China Gas Pipeline, ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 2.65 MB 70 Pages, 28 Tables, 23 Figures
  • Country Overview XLS - 1.02 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Amu Darya basin
    • Petroleum plays
      • Lower-Middle Jurassic
      • Upper Jurassic
      • Lower Cretaceous
      • Upper Cretaceous
      • Paleogene
    • South Caspian basin
    • Petroleum plays
      • Pontian
      • Middle Pliocene (Redbed Sequence)
      • Akchagylian and Apsheronian
    • Surkhan-Vakhsh basin
    • Petroleum plays
    • Mangyshlak basin
    • Petroleum plays
    • Deryalyk-Dovdan trough
  • Exploration
    • Licensing
    • Recent licensing activity
    • Future licensing activity
      • Offshore
      • Onshore
    • Historical licensing activity
    • Drilling
      • Drilling activity
    • Introduction
    • Soviet-era exploration
      • Amu Darya basin
      • South Caspian basin (onshore)
      • South Caspian basin (offshore)
    • Post Soviet-era NOC activity
      • Amu Darya basin
      • South Caspian basin (onshore)
      • South Caspian basin (offshore)
    • IOC activity
      • Amu Darya basin
      • South Caspian basin (onshore)
      • South Caspian basin (offshore)
      • Future drilling plans
      • Onshore
      • Offshore
  • Reserves and resources
    • Turkmen oil reserve classification
    • Turkmen gas reserves
    • Liquid reserves and resources
    • Gas reserves and resources
  • Production
    • Liquids
      • Liquids production by basin
      • Historical liquids production
      • Future liquids production
    • Gas
      • Gas sales by basin
      • Historical gas production
      • Future gas sales
  • Infrastructure
    • Introduction
      • Overview
      • Oil
      • Gas
    • Oil infrastructure
      • Existing oil pipelines
    • Rail transport
      • Internal lines
      • Export lines
    • Ports and shipping
      • Aladja (capacity: 80,000 b/d)
      • Ekerem (capacity: 30,000 b/d)
      • Turkmenbashi (capacity: 60,000 b/d)
      • Kiyanly
    • Refineries
    • Gas infrastructure
    • Existing gas export pipelines
      • Gas pipelines to Iran
      • Domestic pipelines: western Turkmenistan
      • Domestic pipelines: eastern Turkmenistan
    • Future gas pipelines
      • TAPI pipeline
      • Trans-Caspian Gas Pipeline (Turkmenistan - Azerbaijan)
    • Gas processing
      • In-field gas processing
    • Gas-feed industrial projects
      • Fertiliser plant (Karabogaz, Balkan Province in western Turkmenistan)
      • Kiyanly Gas Chemical Complex (Turkmenbashi district, Balkan Province in western Turkmenistan)
      • Gas to Gasoline (GTG) plant (Ovadan-Depe, close to Ashgabat in eastern Turkmenistan)
      • Gas to Liquids (GTL) plant (Ovadan-Depe, close to Ashgabat in eastern Turkmenistan)
  • Costs
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
      • Petroleum Law (Law on Hydrocarbon Resources), 1996 (amended 2005, 2008, and 2012)
      • Other important laws
      • Law On Joint Stock Companies, 1991
      • Law On Enterprise Activities, 1991
      • Law On Foreign Investment, 1992 (amended 2007)
      • Law On the Subsurface, 1992 (amended 1994 and 2014)
      • Law On Foreign Concessions, 1993
      • Decree on Resource Use, 1999
      • Tax Code, 2004
      • Law on Trunk Pipeline Transport, 2013
      • Law on Gas and Gas Supply, 2013
      • Decree abolishing the State Agency for Management and Use of Hydrocarbon Resources and Ministry of Oil and Gas, 2016
    • Regulatory body
      • Previous regulatory bodies
    • State oil company
    • State participation
    • International boundaries
    • Legal status of the Caspian Sea
      • Overview
      • North Caspian Sea
      • South Caspian Sea
    • Licensing
      • Licence Type
      • Work commitments
      • Relinquishment
      • Transfer
  • Fiscal terms
    • Overview
    • Upstream
    • Mid/Downstream
      • Pipelines
    • Current fiscal terms
    • PSCs
      • NOC Equity Participation
      • Bonuses, Rentals and Fees
      • Indirect Taxes
      • Royalty and other production taxes
      • Domestic Market Obligation (DMO)
      • PSC Cost Recovery
      • Profit Sharing
      • Contractor revenue entitlement
      • Liquids and natural gas pricing
      • Corporate (or petroleum) income tax
      • Excess profit tax
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Sample Cash Flow
    • Marginal Government Take Calculation
    • Historical background
      • Joint Ventures
      • PSCs

In this report there are 51 tables or charts, including:

  • Executive summary
    • Gas production by key fields
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2017
    • Liquids and Gas Production 2017
  • Geology
    • Turkmenistan sedimentary basins
    • Amu Darya basin petroleum provinces
    • South Caspian basin
    • Amu Darya basin stratigraphy
    • South Caspian basin stratigraphy
  • Exploration
    • Offshore licence map
  • Reserves and resources
    • Reserves and resources: Table 1
    • Produced and remaining commercial reserves at 01/01/2017
    • Reserves and resources: Table 2
    • Reserves and resources: Table 3
    • Commercial liquid reserves by region at 01/01/2017
    • Commercial gas reserves by region at 01/01/2017
    • Reserves and resources: Table 4
  • Production
    • Turkmenistan liquids production
    • Production: Table 1
    • Production: Table 2
    • Liquids production
    • Production: Table 3
    • Production: Table 4
    • Turkmenistan gas production
    • Production: Table 5
    • Production: Table 6
    • Gas production by key fields
    • Production: Table 7
    • Production: Table 8
  • Infrastructure
    • Infrastructure: Table 1
    • Turkmenistan: existing and future oil pipelines
    • Rail map
    • Infrastructure: Table 2
    • Infrastructure: Table 3
    • Western Turkmenistan gas pipelines
    • Eastern Turkmenistan gas pipelines
    • Infrastructure: Table 4
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
  • Policy and regulation
    • Regulatory bodies and state companies
    • Caspian Sea map
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • GEM models
    • Fiscal terms: Table 7
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