Over the past 20 years, RPI has carried out hundreds of studies on all major segments of the oil and gas industry of Russia, CIS and Eastern Europe.
RPI specialists are permanently in close connect with the industry and monitor its developments closely to provide best-in-class analytics and information support for industry players.
RPI specialists are permanently in close connect with the industry and monitor its developments closely to provide best-in-class analytics and information support for industry players.
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Separately, we reviewed the drilling segments, including sidetracking, workovers and well servicing, hydraulic fracturing, coiled tubing operations, and cementing. The report offers a forecast of production rates and meters drilled covering the period from 2013 through 2020.
RPI has kept track of the CIS member states’ oil production sectors for over 20 years, which enables our specialists to develop in-depth analyses of the opportunities and evolutionary risks associated with production projects in these countries. We have used the insights and experience gained in this process as a basis for this report in order to evaluate the growth potential of Turkmenistan’s oilfield services market.
This study presents detailed data on major oilfield service companies working in Turkmenistan and their historical business performance. It thoroughly reviews the investment climate in each country and potential risks, and analyses new players’ opportunities for entering Turkmenistan’s oilfield services market.
The key sections of the report provide insights on the following:
- Key performance data for the exploration and production sector. This section presents the sector’s major performance indicators: meters drilled, rates of production, and scopes of well servicing and workover operations.
- Overview of major customers. This section looks at customer requirements for drilling, well intervention and enhanced oil recovery applications. It also discusses the sector’s new promising projects.
- Key customer profiles. The section focuses on the companies’ main operating regions and services they provide, as well as on the oilfield service companies’ productive capabilities.
- Medium-term forecast of production and drilling for 2013 through 2020. This section assesses the future prospects of major production projects and producers’ drilling plans.
- Comments on the future of oilfield service providers’ operations in Turkmenistan’s market. The section offers insights on oilfield service companies’ growth prospects in Turkmenistan’s market (in particular identifying promising market segments), analyses the main risks and offers recommendations regarding individual companies’ potential presence in the region.
The forecasts and assumptions regarding the probable future growth of Turkmenistan’s oilfield services market, including the projections of production and drilling contained in the study, are based on a thorough analysis of information obtained from reliable sources. This allows us to predict growth prospects, opportunities, risks and threats for both the sector as a whole and its individual players.
Key Findings
1 Production Sector Key Performance Data
1.1 Oil production
1.2 Gas production
2 Turkmenistan’s Oilfield Services Market
2.1 Drilling market
2.1.1 Exploration drilling
2.1.2 Production drilling
2.2 Workover
2.3 Customers
2.3.1 Turkmenneft
2.3.2 Turkmengeologiya
2.3.3 Turkmengaz
2.3.4 ITERA
2.3.5 Dragon Oil
2.3.6 Petronas
2.3.7 RWE AG
2.3.8 Burren Energy
2.3.9 CNPC (Bagtyiarlyk)
2.3.10 South Iolotan-Osman project
2.4 Contractors
2.4.1 Halliburton
2.4.2 Baker Hughes
2.4.3 ERIELL
2.4.4 Calik Enerji
2.4.5 Schlumberger
2.4.6 Sinopec
2.4.7 Chuanqing Drilling Engineering Company (ÑNPC subsidiary)
2.4.8 Yug-Neftegaz
2.4.9 Tatneft
2.4.10 NIS
2.4.11 Scomi Group Bhd (Malaysia)
3 Forecast of Production and Drilling for 2012-2020
3.1 Oil and gas production
3.2 Drilling
3.2.1 Exploration drilling
3.2.2 Production drilling
4 Commentary on Prospects for Entering Turkmenistan’s OFS Market
Figure 1. Forecasts of oilfield services market dynamics in Turkmenistan, 2011-2020, USD million
Figure 2. Contributions by segments to growth of the oilfield services market in Turkmenistan, 2012-2020, %%
Figure 1-1. Oil production in Turkmenistan from 2002 through 2020, million tons
Figure 1-2. Gas production in Turkmenistan from 2000 through 2012 million tons
Figure 2-1. Exploration drilling in Turkmenistan from 2002 through 2012.
Figure 2-2. Exploration drilling in Turkmenistan in 2012, onshore and offshore, %
Figure 2-3. Production drilling in Turkmenistan from 2002 through 2012
Figure 2-4. Production drilling in Turkmenistan in 2012, onshore and offshore, %
Figure 2-5. Well workover dynamics of Turkmenneft, 2005-2012, operations
Figure 2-6. Oil production at Block-1 contract area, thousand tons per year
Figure 2-7. Oil production at Nebitdag contract area, thousand tons per year
Figure 3-1. Forecast of liquid hydrocarbon production in Turkmenistan until 2020, million tons per year
Figure 3-2. Forecast of gas production in Turkmenistan to 2020, bcm
Figure 3-3. Forecast of exploration drilling in Turkmenistan to 2020, thousand meters
Figure 3-4. Forecast of production drilling in Turkmenistan to 2020, thousand meters
Table 1. Value of the oilfield services market of Turkmenistan by segments, USD million
Table 2. Profile of the production and oilfield services industry of Turkmenistan
Table 2-1. Exploration and production drilling in Turkmenistan in 2004-2012
Table 2-2. Production capacity of state-owned concerns of Turkmenistan, 2012
Table 2-3. Features of wells completed by Dragon Oil in 2012
Table 2-4. Dragon Oil performance data in Turkmenistan in 2011-2012
Table 2-5. Petronas performance data in Turkmenistan in 2011-2012
Table 2-6. Burren Energy performance in Turkmenistan, 2011-2012
Table 2-7. Production capacity of main OFS companies in Turkmenistan, 2012
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