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Turkmen President launched the construction of new wells at the Galkynysh gas field

The Galkynysh field is one of the raw material sources of the Turkmenistan-China gas pipeline

Turkmen President launched the construction of new wells at the Galkynysh gas field

Ashgabat, August 23 - Neftegaz.RU. Today, with the participation of President of Turkmenistan Gurbanguly Berdimuhamedov, a solemn ceremony was held dedicated to the start of construction of new gas wells at the world's largest gas field Galkynysh in the Mary region.

In July 2021, Berdimuhamedov signed a resolution, according to which Turkmengas signed a contract with CNPC Chuanqing Drilling Engineering Company for the construction and commissioning of 3 gas wells of particular complexity.

As expected, the flow rate of each of them, on average, will be equal to 3 million m3 of gas per day.
The project is designed for 30 months, in accordance with the agreement signed in 2007, payment for the company's services will be carried out at the expense of natural gas supplies to China within 3 years.

Congratulating the ceremony participants on an important event for the country's gas industry, Berdimuhamedov noted the development of strategic cooperation between Turkmenistan and China.
Then, by teleconference, the President of Turkmenistan started drilling gas wells at the Galkynysh field.

One of the most ambitious Turkmen projects was the commissioning of the world's largest gas field Galkynysh, the reserves of which, together with the Yashlar and Garakol fields, are estimated at almost 27 trillion m3.
After the discovery of this gigantic storehouse of hydrocarbons, Turkmenistan takes the 4th place in the world in terms of natural gas reserves.

Intensive prospecting and exploration work here was started by Turkmengeology in the 2000s.
In December 2009, Turkmengas signed contracts with CNPC Chuanging Drilling Engineering Company, Gulf Oil & Gas Fze, Petrofac International and the consortium of LG International and Hyundai Engineering, providing for the design and construction of production wells and surface facilities at the Galkynysh field.

To accelerate the pace of this work, loans were attracted - $8.1 billion, provided by the State Development Bank of China (SDB).
Separate loan agreements, for a period of 7 and 10 years, were concluded between Turkmengas, SDB and PetroChina.
At present, these borrowed funds have been fully repaid.

At the moment, there are 45 wells in the operating fund of the field, the area of ​​which is more than 4 thousand sq. km, the flow rate of each of them, on average, is equal to 2 million m3 of gas per day.

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