The field is located in the contract territory Block 1 in the Turkmen sector of the Caspian Sea
Ashgabat, April 20 - Neftegaz.RU. Malaysia
’s state-owned oil giant Petronas is ready to start production from its Garagol Deniz West field in the Turkmenistan
area of the Caspian Sea
The company expecting 1st
oil from the field in August 2021 with targeted production rate of 6 700 barrels per day, which will be supplied to Gas Treatment Plant & Onshore Gas Terminal for export.
The jacket for an unmanned drilling
and production platform was installed in 2013, but the topsides was only put in place earlier this month
It was designed and constructed over a period of almost 8 years.
Output from the field in Block 1 is expected to peak at 10,000 barrels per day of oil and 35 million cubic feet per day of gas.
Garagol Deniz is located in Block 1 contract area which covers around 1,467 sq. km, which also includes Diyarbakir, Magtymguly, Ovez, and Mashrykov fields.
The explored reserves reach at least 1 trillion m3
of gas, more than 200 million tons of oil and 300 million tons of gas condensate.
Having received a license for exploration and production of oil and gas in the Block 1 as part of Magtymguly, Diyarbekir and Garagol Deniz fields, Petronas
signed the agreement with the Turkmen government for the division of production in July 1996.