Samiksha Jaiswal (Editor)

Bagtyýarlyk

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Country
  
Turkmenistan

Operators
  
CNPC International

Discovery
  
1980s

Region
  
Lebap Region

Offshore/onshore
  
onshore

Partners
  
Turkmengas

Peak of production
  
2015-2020

Operator
  
China National Petroleum Corporation

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Bagtyýarlyk is a large contractual PSA territory consisting of several natural gas fields located in Lebap Province of Turkmenistan. It literally means happiness in Turkmen language. Bagtyyarlyk constitutes the bigger part of the gas rich Sagkenar (right bank of the Amu Darya River) area and includes Saman- Depe and Altyn Asyr fields.

Contents

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History

The 30 year production sharing agreement for exploration and production of Bagtyyarlyk territory was signed in July 2007 between the Turkmen Presidential State Agency for Supervising the Use of Oil and Gas Resources and the China National Petroleum Corporation (CNPC) in Beijing, China. An annual production of 17 billion cubic meters of gas from new fields in Bagtyyarlyk along with 13 billion cubic meters coming from Saman-Depe and Altyn Asyr fields will fill Turkmenistan-China gas pipeline which was inaugurated in December 2009. Total estimated investment in Bagtyyarlyk by CNPC is approximately $1.5 billion.

Reservoir

Gas reserves in Bagtyyarlyk are estimated at 1.3 trillion cubic meters (cm) of natural gas.

References

Bagtyýarlyk Wikipedia