Turkmenistan upstream summary
Report summary
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
-
National companies
- Turkmengaz and Turkmenneft
- NAPECO (Turkmen National Oil and Gas Company)
-
IOCs
- Offshore
- Onshore
- Service sector
-
National companies
-
Geology
- Introduction
- Amu Darya basin
-
Petroleum plays
- Pre-salt
- Post-salt
- South Caspian basin
- Petroleum plays
- Mangyshlak basin
- Petroleum plays
- Deryalyk-Dovdan trough (sub-basin)
- Surkhan-Vakhsh basin
- Petroleum plays
-
Exploration
- Licensing
- Overview
-
Current IOC licences
- Offshore
- Onshore
-
Future licensing
- Offshore
- Onshore
-
Historical licensing
- Tender (service contract) for shallow-water North Kotur Tepe discovery (2017-18)
- 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
-
Reserves and resources
- Turkmen classification system
- Reserves by basin
- Liquids
- Sales gas
-
Production
-
Liquids
- Historical production
- Future production
-
Gas
- Historical sales production
- Future sales production
-
Liquids
-
Infrastructure
-
Introduction
- Liquids
- Gas
-
Oil infrastructure
- Existing liquids pipelines
-
Rail and sea transportation
- Rail infrastructure
- Ports and shipping
- 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
- Operational projects
- Proposed / speculative projects
-
Introduction
-
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), 2008
- Law on the Subsurface, 1992
-
Other important laws
- Law on Joint Stock Companies, 1991
- Law on Enterprise Activities, 2000
- Law on Foreign Investment, 1992
- 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
- Key state-owned companies
- State participation
- International boundaries
-
Legal status of the Caspian Sea
- Overview
- North Caspian Sea
- South Caspian Sea
-
Key legislation
-
Fiscal terms
- Overview
- Upstream
-
Midstream / downstream
- Pipelines
- Current fiscal terms
- NOC-operated assets
-
PSCs
- State equity participation
- Bonuses, rentals and fees
- Royalty and other production taxes
- PSC cost recovery
- PSC profit sharing
- Corporate income tax (CIT, profit tax)
- Contractor revenue entitlement
- Liquids and natural gas pricing
- Domestic market oil obligation (DMO)
- Abandonment fund
- Excess profit tax
- Fiscal/contractual ring-fences
- Dividend withholding tax
- Indirect taxes
- Sample cash flow
- Historical background
- JVs
-
PSCs
- Original 1994 model terms
Tables and charts
This report includes 45 images and tables including:
- Gas production by field
- Key facts: Table 1
- Country map
- Reserves and contingent resources at 01/01/2023
- Liquids and Gas Production 2020
- Turkmenistan: basin map
- Amu Darya basin: simplified stratigraphy
- South Caspian basin: simplified stratigraphy
- Reserves and resources: Table 1
- Liquids and gas reserves
- Reserves and resources: Table 2
- Liquids reserves by basin
- Gas reserves by basin
- Reserves and resources: Table 3
- Reserves and resources: Table 4
- Infrastructure: Table 2
- Infrastructure: Table 3
- Infrastructure: Table 4
- Turkmen sector of Caspian Sea: current licences
- Turkmenistan: proposed offshore licensing round
- 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:
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