Project Profile
Value: US$500 million
Start-up Year: 2010
Area: 1,467 sq km
The project will see the further exploration and development of the block. There are three discovered oil/gas fields in Apsheran Sill. The discovered oil and gas reserves in the Turkmen sector of the Caspian Sea through the East Livanov-2A well. Block-1 contains 200 to 300 million tons of oil and 155 to 440 billion cubic meters of natural gas. Petronas was awarded a 100% interest in Block 1 under a 28-year production sharing contract signed with the Turkmenistan government in July 1996.
Petronas of Malaysia operates the offshore Block 1, where the Diyarbekir oil and gas field is producing 15,000 b/d of crude oil and about 20 MCF/d of gas mostly associated and partly not associated with the oil output. Crude oil production is planned to rise considerably, from 10,000 b/d in mid-2005, with Petrobras to become a major exporter of non-associated gas. In September 2002 Petronas made a discovery with its East Livanov 2A well, where three tests had 14,176 b/d of oil and 19.05 MCF/d of gas in a Pliocene Variegated series. This was the fourth probe to be sunk in Block 1 (Gubkin). Potential reserves in the three earlier finds - East Livanov, Gubkin and Barinov - were put at about 2.6 bn barrels of oil equivalent in place.
Operations:
Petronas Carigali: Operator with 100% interest
Contractors:
SBM
MMHE (Malaysia Marine & Heavy Engineering): Well platform
Technip Ashgabad
Tanjung Offshore Services Sdn Bhd
Ilk Construction: Well platform