Country Report

Turkmenistan upstream summary

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18 February 2019

Turkmenistan upstream summary

Report summary

Turkmenistan is Central Asia's largest gas producer. Galkynysh (South Iolotan), the world's second largest gas field, will underpin future production. Turkmenistan exports gas to China via the Turkmenistan-China Gas Pipeline and is now highly reliant on the Chinese gas market. Turkmenistan's economy is tightly controlled and its investment climate is challenging. Only service contracts are currently available for onshore upstream projects. PSCs can be negotiated for offshore Caspian Sea acreage, where Dragon Oil and PETRONAS operate large-scale projects.

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • Offshore
    • Onshore
    • Introduction
    • Amu Darya basin
    • Petroleum plays
      • Pre-salt
      • Post-salt
    • South Caspian basin
    • Petroleum plays
    • Surkhan-Vakhsh basin
    • Petroleum plays
    • Mangyshlak basin
    • Deryalyk-Dovdan trough (sub-basin)
    • Petroleum plays
    • Licensing
    • Overview
    • Current IOC licences
      • Offshore
      • Onshore
    • Future licensing
      • Offshore
      • Onshore
    • Historical licensing
      • Tender (service contract) for Kotur Tepe shallow-water extension (2017)
      • Licensing rounds (1991-2000)
      • Ad-hoc awards
      • Previous talks
    • Drilling
      • Drilling activity
    • Overview
      • Offshore
      • Onshore
    • Soviet-era exploration
      • Amu Darya basin
      • South Caspian basin (onshore)
      • South Caspian basin (offshore)
    • Recent 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
      • Offshore
      • Onshore
    • Turkmen reserve classification system
    • Reserves
    • Resources
    • Liquids
    • Sales gas
    • Liquids
      • Historical production
      • Future production
    • Gas
      • Historical sales production
      • Future sales production
    • Introduction
      • Overview
      • Liquids
      • Gas
    • Oil infrastructure
      • Existing liquids pipelines
    • Rail transportation
      • Domestic
      • Export
    • Ports and shipping
      • Aladja
      • Ekerem
      • Turkmenbashi
      • Kiyanly
    • Refineries
    • Gas infrastructure
    • Existing gas pipelines
      • Turkmenistan-China Gas Pipeline
      • Central Asia-Centre (CAC)
      • Gas pipelines to Iran
      • Other export pipelines
      • Key domestic pipelines
    • Planned gas pipelines
      • Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline
      • Trans-Caspian Gas Pipeline (TCGP, Turkmenistan-Azerbaijan)
    • Gas processing plants (GPPs)
    • Gas-feed projects
      • Active projects
      • Proposed / speculative projects
    • Introduction
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
    • Key legislation
      • Petroleum Law (Law on Hydrocarbon Resources), 2008 (replaced original 1996 law. Amended in 2010, 2011 and 2012)
      • Law on the Subsurface, 1992 (amended in 1994 and 2014)
    • Other important laws
      • Law on Joint Stock Companies, 1991
      • Law on Enterprise Activities, 2000 (replaced original 1991 law)
      • Law on Foreign Investment, 1992 (amended 2007)
      • 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
    • Overview
    • Upstream
    • Midstream / Downstream
      • Pipelines
    • Current fiscal terms
    • NOC-operated assets
    • PSCs
      • State 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 income tax (profit tax)
      • Excess profit tax
      • Fiscal/contractual ring-fences
      • Dividend withholding tax
      • Sample cash flow
    • Marginal government take calculation
    • Historical background
    • Joint ventures
    • PSCs

Tables and charts

This report includes 47 images and tables including:

  • Gas production by field
  • Key facts: Table 1
  • Country map
  • Remaining Commercial and Technical Reserves at 01/01/2019
  • Liquids and Gas Production 2019
  • Turkmenistan: sedimentary basins
  • Amu Darya basin: petroleum provinces
  • South Caspian basin: petroleum provinces
  • Amu Darya basin: stratigraphy
  • South Caspian basin: stratigraphy
  • Reserves and resources: Table 1
  • Liquids and gas reserves
  • Reserves and resources: Table 2
  • Liquids reserves by sector
  • Gas reserves by sector
  • Reserves and resources: Table 3
  • Reserves and resources: Table 4
  • Infrastructure: Table 2
  • Infrastructure: Table 3
  • Infrastructure: Table 4
  • Fiscal terms: Table 5
  • Turkmen sector of Caspian Sea: current licences
  • Liquids production
  • Production: Table 1
  • Production: Table 2
  • Liquids production by field
  • Production: Table 3
  • Production: Table 4
  • Gas production
  • Production: Table 5
  • Production: Table 6
  • Gas production by field
  • Production: Table 7
  • Production: Table 8
  • Infrastructure: Table 1
  • Turkmenistan: existing and planned liquids pipelines
  • West Turkmenistan: gas pipelines
  • East Turkmenistan: gas pipelines
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Caspian Sea map
  • Fiscal terms: Table 1
  • Fiscal terms: Table 2
  • Fiscal terms: Table 3
  • Fiscal terms: Table 4

What's included

This report contains:

  • Document

    Country Overview

    PDF 19.65 MB

  • Document

    Country Overview

    XLS 589.00 KB

  • Document

    Country Overview

    ZIP 19.46 MB

  • Document

    Executive summary

    PDF 719.85 KB

  • Document

    Key facts

    PDF 684.24 KB

  • Document

    Location maps

    PDF 2.94 MB

  • Document

    Key companies

    PDF 721.92 KB

  • Document

    Geology

    PDF 4.94 MB

  • Document

    Exploration

    PDF 3.94 MB

  • Document

    Reserves and resources

    PDF 778.95 KB

  • Document

    Production

    PDF 782.87 KB

  • Document

    Infrastructure

    PDF 7.69 MB

  • Document

    Costs

    PDF 714.53 KB

  • Document

    Policy and regulation

    PDF 2.66 MB

  • Document

    Fiscal terms

    PDF 747.59 KB

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