Bagtyýarlyk PSA Territory

Bagtyýarlyk Gas Field
CountryTurkmenistan
RegionLebap Province
Offshore/onshoreonshore
OperatorsCNPC International
PartnersTurkmengas
Field history
Discovery1980s
Peak of production2015-2020
Production
Estimated gas in place1.300×10^9 cu ft (36.8×10^6 m3)

Bagtyýarlyk is a large contractual PSA territory consisting of several natural gas fields located in Lebap Province of Turkmenistan. It literally means happiness in Turkmen language. Bagtyyarlyk constitutes the bigger part of the gas rich Sagkenar (right bank of the Amu Darya River) area and includes Saman- Depe and Altyn Asyr fields.[1][2][3]

History

The 30 year production sharing agreement for exploration and production of Bagtyyarlyk territory was signed in July 2007 between the Turkmen Presidential State Agency for Supervising the Use of Oil and Gas Resources and the China National Petroleum Corporation (CNPC) in Beijing, China.[2] An annual production of 17 billion cubic meters of gas from new fields in Bagtyyarlyk along with 13 billion cubic meters coming from Saman-Depe and Altyn Asyr fields will fill Turkmenistan-China gas pipeline which was inaugurated in December 2009.[3][4] Total estimated investment in Bagtyyarlyk by CNPC is approximately $1.5 billion.[5]

Reservoir

Gas reserves in Bagtyyarlyk are estimated at 1.3 trillion cubic meters (cm) of natural gas.[3]

See also

References

  1. ^ "New gas and oil gushers in the Karakum Desert". No. 789. New Europe. 2008-06-30. Retrieved 2010-01-06.[permanent dead link‍]
  2. ^ a b "Turkmenistan allows China to develop gas field near Uzbekistan". Oil&Gas Eurasia. 2007-07-20. Archived from the original on 2013-01-30. Retrieved 2010-01-06.
  3. ^ a b c "China's CNPC Wins First Gas Field License in Turkmenistan". Gazeta.uz. 2007-09-03. Retrieved 2010-01-06.[permanent dead link‍]
  4. ^ Natalia Grib; Alek Akhundov; Alexander Sidorov (2007-08-31). Туркмения вручила свои недра Китаю [Turkmenistan awarded its resources to China] (in Russian). Astana: Kommersant. Archived from the original on 2011-07-18. Retrieved 2010-01-06.
  5. ^ Nariman Gizitdinov; Anna Shiryaevskaya (2009-12-12). "Kazakhstan Opens $6 Billion Link in Turkmen Gas Pipe to China". Bloomberg. Retrieved 2010-01-06.