Turkmenistan's E&P projects achieve good pace ///

Upstream activity has been very good for Turkmenistan over the last year. When final figures are in, Turkmenistan expects to have produced 10 million t of oil (about 200,000 bopd) and 70 Bcm of natural gas (6.77 Bcfgd) during 2002. These figures compare to 8 million t of oil (159,350 bopd) and 51 Bcm of gas (4.93 Bcfgd) in 2001. To achieve such growth, operators conducted extensive exploration and development drilling, enhanced existing production, and introduced new technologies and equipment. Per government goals, such tactics should significantly boost output during the next three to seven years. Turkmenistan’s development program envisions producing 28 million t of oil (557,700 bopd) and 85 Bcm of gas (8.2 Bcfgd) by 2005, and then 48 million t of oil (955,000 bopd) and 120 Bcm of gas (11.6 Bcfgd) by 2010.

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