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November 24, 2021

Cheleken Contract Area Conventional Oil Field, Turkmenistan

By Carmen

Cheleken Contract Area is a producing conventional oil field located in shallow water in Turkmenistan and is operated by Dragon Oil (Turkmenistan). The field is located in block Block II, with water depth of 95 feet.

Field participation details

The field is owned by Emirates National Oil.


Production from Cheleken Contract Area

The Cheleken Contract Area conventional oil field recovered 40.51% of its total recoverable reserves, with peak production in 2015. The peak production was approximately 92.65 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2069. The field currently accounts for approximately 7% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 571.22 Mmboe, comprised of 571.22 Mmbbl of crude oil & condensate. Cheleken Contract Area conventional oil field reserves accounts 0.12% of total remaining reserves of producing conventional oil fields globally.


About Dragon Oil (Turkmenistan)

Dragon Oil (Turkmenistan) Limited an oil and gas exploration and production company.

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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