“Tatneft” will increase oil production in Turkmenistan

“Tatneft” will increase oil production in Turkmenistan

Extension of PJSC “Tatneft” project in Turkmenistan additionally allows to mine 770 thousand tons of oil which is executed mutually by State Concern “Turkmennebit”. It was stated by Rustam Minnihanov, the Head of Tatarstan, to the TASS interview agency.

Currently “Tatneft” successfully implementing a service contract aimed at increasing oil production in the Republic of Turkmenistan. The implementation of a set of measures at two oil fields of the SC “Turkmennebit” made it possible to produce over 280 thousand tons of oil. At present, the Turkmen and Tatarstan oilmen have developed plans for the further expansion of the contract between PJSC “Tatneft” and State Concern “Turkmennebit” to cover additional oil fields. Expanding the scale of the project, according to our forecasts, will make it possible to additionally produce more than 770 thousand tons of oil”, said Rustam Minnihanov.

In early December, the State Concern “Turkmennebit” and PJSC “Tatneft” extended their cooperation to increase the flow rate of oil wells for eight years. The supplementary agreement is being extended until 2028 and will expand cooperation between the companies in the field of enhanced oil recovery. The work program includes the first, second and third oil fields of NGDU “Goturdenebit” in addition to those where Tatneft introduced its technologies from 2011 to 2014 and from 2018 to 2020

The new agreement confirms the companies' intentions to continue joint work at the Goturdepe field and to use “Tatneft's” technologies in the field of oil production intensification.

In August 2010, “Tatneft” and “Turkmennebit” signed a contract to carry out service work to enhance oil recovery in the framework of the development of the Goturdepe field, developed by the Turkmen company, for a period of seven years. In February 2011, “Tatneft” registered a branch in Turkmenistan.

During the joint work since 2011, Turkmenistan produced 286 thousand tons of additional oil, at Goturdepe “Tatneft” introduced modern oilfield equipment, automation and telemechanics, now the company's specialists are creating a digital model of the field, and production for the repair of submersible electric pumps has been organized in Turkmenistan, projects are being implemented to organize the repair of oil tubing and increase the turnaround time of wells.

PJSC “Tatneft” is one of the largest Russian vertically integrated oil company, including steadily developing enterprises of crude oil and gas production, petroleum refining, petrochemicals production, the tire-manufacturing complex, network of filling stations, electroenergy, and development and production of equipment for the oil and gas industry and a block of service structures.


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