Turkmenistan encourages foreign investors to develop the national sector of the Caspian Sea, according to a press release by the organizers of an oil and gas forum scheduled for October 23-25 in Ashgabat.
The Turkmen sector is divided into 32 licensed blocks, whose reserves are estimated (not including contracted ones) at 12.1bn tonnes of oil and condensate and 6.1tn cubic metres of gas.
Local energy industry experts told Daryo that more than 80% of the resources in the Turkmen part of the Caspian Sea are at depths of more than 3,000mt in poorly explored oil and gas accumulation areas and are capital-intensive.
Offshore Blocks 21 and 23 have now been confirmed as prospective. According to 2D/3D seismic results, Block 21 is estimated to contain 800bn cubic metres of natural gas and 95.5mn tonnes of liquid hydrocarbons.
Licence Block 23 is located in the south-eastern part of the Turkmen shelf of the Caspian Sea and covers an area of 940 square km. Seventeen prospective structures have been identified there but their appraisals have not been made public.
Creadits: Eziz Boyarov, Ashgabat
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