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December 2, 2021updated 27 Apr 2022 12:58pm

Nebit Dag Contract Area Conventional Oil Field, Turkmenistan

By Carmen

Nebit Dag Contract Area is a producing conventional oil field located onshore Turkmenistan and is operated by Burren Energy . The field is located in block Nebit Dag.

Field participation details

The field is owned by Eni and Turkmenneft.


Production from Nebit Dag Contract Area

The Nebit Dag Contract Area conventional oil field recovered 68.74% of its total recoverable reserves, with peak production in 2010. The peak production was approximately 22.72 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2067. The field currently accounts for approximately 1% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 63.85 Mmboe, comprised of 55.49 Mmbbl of crude oil & condensate and 50.17 bcf of natural gas reserves. Nebit Dag Contract Area conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Burren Energy

Burren Energy is an independent energy company involved in exploration and production of oil and gas.. It currently produces over 33,000 barrels of oil per day (bopd). The company’s operations are spread across Middle East and North African countries such as Yemen, Oman, Turkmenistan, Congo and Egypt. It also has stake in Hindustan Oil Exploration Company, an India based E&P company and also has a oil shipping business in and around the Caspian Sea. The company is headquartered in London in the UK. Eni UK Holding plc, a wholly owned subsidiary of Eni SpA, acquired Burren Energy PLC for $3.6 billion.

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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