It is the world’s second-biggest gasfield.
- Owner: State Consern Turkmengas
- Location: Mary province, about 400 km south-east of the capital Ashgabat
- Discovery: 2006
- Investment: $9.7 billion
An independent audit of British company showed that the reserves of the Galkynysh field, to date, are estimated at 27 trillion m3 of natural gas.
At the moment, there are over 40 wells in the operational field, which covers the total area of 4000 km2 .
The daily production rate of each well is on average, at 2 million m3 of gas.
Up to 60 contractors and more than 14,000 employees are involved in the project’s development, which began 2013.
The engineering, procurement, construction and commissioning contracts (EPCC) for the 3 treatment plants at Galkynysh were awarded to Petrofac ($3.4 billion), consortium of LG International and Hyundai Engineering ($1.48 billion) and China National Petroleum Corporation ($3.13 billion).
Gulf Oil and Gas FZE won a $1.15 billion EPC contract to develop the production wells.
Since the beginning of the field development, 3 gas complexes for desulphurization and gas treatment with a total capacity of 30 billion m3 of commercial gas per year have been built and put into operation with the participation of foreign partners.
The crude oil extracted at Galkynysh is transported to the Seýdi Oil Refinery.
The field is at the initial stage of development, which will be carried out in several stages, including for the supply of fuel to the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.