Country report
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84 Pages

Turkmenistan upstream summary


Turkmenistan upstream summary

Report summary

Turkmenistan is Central Asia's largest gas producer - Turkmenistan's gas production will average 6 bcfd in 2016, 85% 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.Liquids production remains steady at about 270,000 b/d - Oil production is almost exclusively from the South Caspian Basin in the west of the country. ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 3.08 MB 84 Pages, 35 Tables, 30 Figures
  • Country Overview XLS - 1.33 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 provinces
      • Badkhiz-Karabil Province - the Badkhiz-Karabil Zone of Uplifts
      • Beurdeshik-Khiva Province - the Beurdeshik Step and the Khiva Trough
      • Central Turkmen Province - the Central Karakum Arch, Bakhardok Slope and Kopetdag Foreland
      • Chardzhou Province - the Chardzhou Step and Beshkent Trough
      • Murgab Province - south of the Repetek-Kelif Fault Zone and north of the Badkhiz-Karabil Zone of Uplifts
      • Zaunguz Province - comprising the Zaunguz Trough and the Malai-Bagaja Saddle
    • Petroleum plays
      • Lower-Middle Jurassic
      • Upper Jurassic
      • Lower Cretaceous
      • Upper Cretaceous
      • Paleogene
    • South Caspian Basin
    • Petroleum provinces
      • Absheron-Pribalkhan province
      • West Turkmenistan province
    • Petroleum plays
      • Pontian
      • Middle Pliocene (Redbed Sequence)
      • Akchagylian and Apsheronian
    • Surkhan-Vakhsh Basin
    • Petroleum provinces
      • South-West Gissar Mega-Anticline
    • Petroleum plays
    • Mangyshlak Basin
    • Petroleum provinces
    • Petroleum plays
    • Deryalyk-Dovdan trough
  • Exploration
    • Licensing
    • Introduction
    • Recent licensing activity
    • Future licensing activity
      • Offshore
      • Onshore
    • Historical licensing activity
      • First Licensing Round (1991-1992)
      • Second Licensing Round (1992-1993)
      • Third Licensing Round (1993)
      • Fourth Licensing Round (1994)
      • Fifth Licensing Round (1995-1996)
      • Sixth Licensing Round (1997)
      • Seventh Licensing Round (1997-1998)
      • Eighth Licensing Round (1999-2000)
    • 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)
      • Future drilling plans
      • State plan to 2030
      • 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
    • Gas
      • Gas sales by basin
      • Historical gas production
      • Future gas sales
  • Infrastructure
    • Introduction
    • Oil infrastructure
    • Existing crude oil pipelines
      • Turkmenbashi refinery supply network
      • Ekerem Terminal pipelines
      • Central Turkmenistan
      • Aladja terminal pipelines
      • Kiyanly terminal pipelines
      • Western Turkmenistan
    • Oil import pipelines
      • Omsk-Pavlodar-Shymkent-Seidi
      • Kokdumalak (Uzbekistan) - Pelvert rail terminal
    • Future crude oil pipelines
      • Oil export pipelines
      • Kazakhstan-Turkmenistan-Iran pipeline
      • Trans-Caspian oil pipeline
    • 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
      • Modernisation work
      • New refineries
    • Gas infrastructure
    • Existing gas export pipelines
    • Future gas pipelines
    • Additional gas export plans
      • TAPI Pipeline
      • Trans-Caspian Gas Pipeline (Turkmenistan - Azerbaijan)
      • Pre-Caspian pipeline (Belek-Alexandrov Gai)
      • Turkmenistan-Iran-Turkey-Europe
    • Gas-feed industrial projects
      • Fertiliser plant (Karabogaz, Balkan Province in western Turkmenistan)
      • Kiyanly Gas Chemical Complex (Turkmenbashi district, Balkan Province in western Turkmenistan)
      • GTG plant (Ovadan-Depe, close to Ashgabat in eastern Turkmenistan)
      • 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
      • Background
      • 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 65 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 01/01/2016
    • Liquids and Gas Production 2016
  • Geology
    • Turkmenistan sedimentary basins
    • Amu Darya Basin petroleum provinces
    • South Caspian Basin
    • Amu Darya Basin stratigraphy
    • South Caspian Basin stratigraphy
  • Exploration
    • Offshore licence map
    • Exploration: Table 1
    • Exploration: Table 2
    • First and second licensing round - blocks map
    • Exploration: Table 3
    • Exploration: Table 4
    • Third and fourth licensing round - blocks map
    • Exploration: Table 5
    • Exploration: Table 6
    • Fifth and sixth licensing round - blocks map
    • Exploration: Table 7
    • Seventh licensing round - block map
    • Eighth licensing round - offshore block map
    • Eighth licensing round - onshore block map
    • October 2001 - offshore licence map
  • Reserves and resources
    • Reserves and resources: Table 1
    • Produced and remaining commercial reserves at 01/01/2016
    • Reserves and resources: Table 2
    • Reserves and resources: Table 3
    • Commercial liquid reserves by region at 01/01/2016
    • Commercial gas reserves by region at 01/01/2016
    • Reserves and resources: Table 4
  • Production
    • Turkmenistan liquids production
    • Production: Table 1
    • Production: Table 2
    • Liquid 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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