The oil and gas industry is a strategic sector of the economy of Turkmenistan, which is assigned an important role in the program of socio-economic development of the country for 2020-2025 approved by the President of Turkmenistan. During the workshops dedicated to the implementation of this Program, the head of state set a number of specific tasks for the oil and gas industry specialists in the near future.

These include maintaining the momentum of growth of oil production and strengthening resource base of the industry, systematic improvement of the structures of TEK due to the introduction of modern technologies, newest scientific developments, international best practices, the attraction of foreign investment for the development of promising new areas and production of residual oil reserves in the long operated deposits.

In accordance with the instructions of the President of the country, the State concern "Türkmennebit" carries out a comprehensive modernization of production, which covers all key areas of the industry, including the production of hydrocarbons, drilling of exploration and production wells, transportation of oil and gas, and the development of oil fields.

As you know, the activities of the concern, which unites dozens of specialized enterprises, are mainly concentrated in the West of Turkmenistan. This territory belongs to the oldest oil regions of the world, where industrial production of "black gold" has been conducted since the end of the XIX century. Almost all deposits are characterized by complex geological conditions, have a multi-layer structure, including several dozen separate deposits. Taking this into account, the introduction of innovative technologies and highly efficient equipment for the intensification of oil production in these fields is particularly relevant.

Cooperation with foreign partners is expanding in this area. For example, since 2010, public joint stock company Tatneft (Republic of Tatarstan, Russian Federation) has been successfully operating in Turkmenistan, having signed a contract with the State concern Türkmennebit to provide services for major well repairs and enhanced oil recovery at the Goturdepe field. Thanks to effective geological and technical measures, oil production was restored at 128 wells, mainly from the inactive Fund and the Fund awaiting physical liquidation. The company has invested over us $ 32 million in this project.

In December 2018, a new agreement was signed providing for major repairs of 88 wells. Within its framework, the Tatneft branch in Balkanabat has made an additional set of Turkmen specialists and formed 12 teams. At the moment, 48 underground wells have already been put into operation. The investment amounted to about 30 million US dollars.

An important aspect of joint work is also the training and professional development of Turkmen specialists. Note that the representatives of oil and gas complex of Turkmenistan has visited production facilities of JSC Tatneft in Almetyevsk and Nizhnekamsk in order to familiarize with the organization of production activities, introduction of advanced technologies and modern scientific and technical developments in the field of exploration and drilling, automation, tele mechanization and centralization of production processes in the oil and gas sector.

Together with the company "Yug-Neftegaz Private Limited" (Singapore), it is planned to drill 60 new production and exploration wells with a flow rate of 50 tons of oil per day from each well. In total, since the start of the contract signed in 2011, as of May 1, 2020, the contractor has made major repairs to more than 1,600 wells. The total volume of additional oil produced was more than 2.6 million tons, and the investment was about 383 million US dollars.

A productive partnership has been established between the state concern "Turkmennebit" and the company "Camesola Investments Limited" (Cyprus), with which a contract was signed for the performance of services on 100 wells with the use of thermobaric effects on the productive reservoir. At the moment, geological and technical measures have been carried out at 92 wells, while more than 297 thousand tons of oil have been produced. The company's investment amounted to about us $ 33 million.

The strategic task set by the President of Turkmenistan is to search for and explore new deposits and deposits of hydrocarbons, as well as to accelerate the industrial development of oil and gas fields on the shallow shelf and in the coastal zone of the Caspian Sea. In recent years, the concern has discovered new fields with industrial reserves of hydrocarbons in the South-West of the country-Uzynada, Altyguyy, Kemer, etc.

Experts suggest the presence of deep-lying oil and gas deposits in this region. This forecast confirms the North Goturdepe field, where a new oil reservoir was discovered at a depth of more than 5000 meters. Currently, an international tender is being held for the provision of services for horizontal-inclined drilling of two wells in this field. As you know, this technology allows you to increase the productivity of wells at least 2 times.

The state concern "Türkmennebit" is preparing to start construction of the first exploration well with a design depth of 6 thousand 500 meters on the promising area of southern “Uzynada”, which is located next to the recently discovered field "Uzynada" in the coastal zone of the Caspian Sea. Recall that four wells were drilled here with a depth of more than 7 thousand meters, where industrial inflows of natural gas and oil condensate mixture were received. Such wells were built for the first time in the history of the oil and gas sector of Turkmenistan and are the deepest in Central Asia today.

In General, the openness of Turkmenistan's foreign policy, consistently implemented by President Gurbanguly Berdimuhamedov, the country's rich natural resources, and a favorable investment climate – all this creates truly limitless opportunities for increasing international cooperation in various fields, including oil and gas.