Bagtyiarlyk Contract Area is a producing conventional gas field located onshore Turkmenistan and is operated by China National Petroleum. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Bagtyiarlyk Contract Area. Buy the profile here.
Field participation details
The field is owned by China National Petroleum.
Production from Bagtyiarlyk Contract Area
The Bagtyiarlyk Contract Area conventional gas field recovered 38.72% of its total recoverable reserves, with peak production expected in 2024. The peak production will approximately 1,378.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2092. The field currently accounts for approximately 13% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,297.38 Mmboe, comprised of 7,784.29 bcf of natural gas reserves. Bagtyiarlyk Contract Area conventional gas field reserves accounts 0.44% 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 encompassing the entire oil and gas industry value chain. Its businesses include exploration and production; natural gas sales, oilfield services, refining and chemicals, marketing and trading, engineering and construction, manufacturing, new energy development and finance. CNPC also designs and constructs oil and gas field production facilities, pipeline, storage tank, refinery and chemical plant, and offshore structures. 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.
For more details on the Bagtyiarlyk Contract Area Conventional Gas Field, buy the profile here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
