The Turkmenneft state concern has successfully commissioned a new well, No. 85, at the Uzynada field located in western Turkmenistan, according to the newspaper Neutral Turkmenistan.
The well, with a depth of 6,830 meters, has a daily output of 70 tonnes of condensate and 75,000 cubic meters of natural gas, it said, The Caspian Post reports citing Interfax.
As previously reported, Turkmenneft drilled the first exploratory well at the Uzynada field in May 2017, reaching a depth of 7,150 meters. At that time, the well yielded a commercial flow of 200 tonnes of condensate per day and 500,000 cubic meters of gas.
On March 28, 2019, Turkmenneft signed a memorandum of understanding with the Areti international group of companies (formerly Itera), which provided for Areti's potential participation in projects for developing the Uzynada field.
Under the memorandum, Areti was expected to study the information about the field provided by the Turkmen side throughout 2019. The two companies then planned to negotiate a final contract. However, this was not signed.
To date, approximately ten exploratory and production wells have been drilled at the Uzynada field by Turkmenneft and the state corporation Turkmengeology, all of which have yielded commercial hydrocarbon flows.
According to Turkmen specialists, the discovery of this site, located near the Turkmen sector of the Caspian Sea, significantly increases the potential for discovering new offshore fields, which enhances the attractiveness of prospective license blocks for foreign investment.
Turkmenneft's core activities are concentrated in western Turkmenistan, an area that ranks among the world's oldest oil-producing regions, with industrial extraction dating back to the late 19th century.
Currently, Turkmenneft's oil assets comprise more than 30 fields at various stages of development. Almost all sites in western Turkmenistan feature multi-layered structures which contain several dozen separate deposits.
Development is carried out while taking into account the geological structure's characteristics, and with modern equipment and technology allowing for the drilling of wells deeper than 7,000 meters in search of hydrocarbons.
Turkmenneft is implementing a comprehensive production modernization program to extract hard-to-reach oil at long-developed fields and to tap previously inaccessible deep-lying oil horizons. The concern collaborates with Schlumberger, Yug-Neftegaz Private Limited (Singapore), Tatneft (Tatarstan, Russia) and other companies.
At a government meeting on February 7, it was reported that Turkmenistan produced 8.28 million tonnes of oil in 2024, down 0.4% compared to 2023, when 8.317 million tonnes were extracted.
