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December 1, 2021

Galkynysh Project Conventional Gas Field, Turkmenistan

By Carmen

Galkynysh Project is a producing conventional gas field located onshore Turkmenistan and is operated by Turkmengaz. The field is located in block Galkynysh.

Field participation details

The field is owned by Turkmengaz.


Production from Galkynysh Project

The Galkynysh Project conventional gas field recovered 20.06% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 2,756 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2093. The field currently accounts for approximately 36% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 3,234.54 Mmboe, comprised of 19,407.22 bcf of natural gas reserves. Galkynysh Project conventional gas field reserves accounts 1.05% of total remaining reserves of producing conventional gas fields globally.


About Turkmengaz

“Turkmengas” is the biggest production and economic complex of Turkmenistan. Its activities include the development, production of natural gas and gas condensate fields in the territory of Turkmenistan. The company also process and transports the natural gas to consumers in the country. It also manages more than 30 gas condesate fields of Turkmenistan such as “Garashsyzlygyn 10 yyllygy”, “Gazlydepe”, “Bagaja”, “Dovletabat”, “Shatlyk”, “Malay”, “Kerpichli” and others. Turkmengas is headquartered in Ashgabat, Turkmenistan

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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