Turkmenistan has announced the date of launching the Galkynysh deposit

Turkmenistan plans in the summer 2013 to put into operation the largest gas deposit in the country ,the Galkynysh. The Government of Turkmenistan announced at the oil and gas road show held in Dubai.

We hope this summer we will put into operation the 1st plant on the gas cleaning from sulphur at the Galkynysh, the President G. Berdymukhamedov said.

According to him, the innovations implemented into the oil and gas sector, the already existing and newly discovered large hydrocarbons resources, the high rates of the held works on the industrial development of the Galkynysh contribute to the stable rise of the country’s fuel and energy sector’s capacities.

Recently we announced that in 2013 Turkmengas plans to start the saleable gas production there, the company said commenting the published on Jan 25th 2013 order of G. Berdymukhamedov on the signing of contracts with foreign companies for drilling works and the service maintenance of the operational wells at the oil and gas deposit Galkynysh.

It is reasonable to gradually expand the partnership with the leading foreign companies that have the experience, technical and technological opportunities in the sphere of development of new hydrocarbons deposits, G. Berdymukhamedov said signing the order for 3 contracts.

The development of the Galkynysh deposit will allow us to provide the modern gas chemicals complexes on polyethylene production with raw materials, one of which is planned to be constructed on the territory of the Seidinsky oil refinery plant in the East of the country.

At the present time a large investment project by the 1st stage of the development of the deposit is coming to the end of the Galkynysh.

The companies from China, UAE and Korea realize 4 service contracts for the total amount of about $10 bln.

In 2013 the plants constructed on sulphur cleaning and the production of high quality saleable gas at the volume of 30 bln cubic m a year is planned.

Petrofac carries out  the projections and the construction of the complex on the cleaning of the saleable gas from sulphur at the Galkynysh deposit  with the capacity of 10 bln cubic m a year as well as of production infrstructureobjects aimed for the production of saleable gas with the capacity of 20 bln cubic m a year.

The project’s value is about $4 bln.

According to Turkmengas, the main investment into the 1st stage of the deposit’s development was made by China – at more than $8 bln.

http://neftegaz.ru/news/view/108336/

Translated by Galiya Musabekova