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December 1, 2021updated 27 Apr 2022 12:55pm

Bagtyiarlyk Contract Area Conventional Gas Field, Turkmenistan

By Carmen

Bagtyiarlyk Contract Area is a producing conventional gas field located onshore Turkmenistan and is operated by China National Petroleum. The field is located in block Bagtyiarlyk Contract Area.

Field participation details

The field is owned by China National Petroleum.


Production from Bagtyiarlyk Contract Area

The Bagtyiarlyk Contract Area conventional gas field recovered 42.20% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 1,425 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2087. The field currently accounts for approximately 15% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 1,012.18 Mmboe, comprised of 6,073.07 bcf of natural gas reserves. Bagtyiarlyk Contract Area conventional gas field reserves accounts 0.34% of total remaining reserves of producing conventional gas fields globally.


About China National Petroleum

China National Petroleum Corp (CNPC) is an integrated energy company with operations covering the entire oil and gas industry value chain. Its businesses encompass oil and gas exploration and development, refining and chemicals, marketing and trading, natural gas and pipelines. The company produces equipment for exploration and production, oilfield services, pipeline construction, refining and chemical processing, and offshore engineering. CNPC also designs and constructs oil and gas field production facilities, pipeline, storage tank, refinery and chemical plant, and offshore engineering. It provides services in geophysical prospecting, drilling, well logging, mud logging and downhole operations. The company also has presence in new energy development, capital management, finance and insurance service sectors. CNPC is headquartered in Beijing, China.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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