[stu]

President of Turkmenistan offers to boost cooperation in exploration of Caspian Sea resources in telephone talk with his Iranian colleague

President Saparmurat Niyazov of Turkmenistan and President Mahmud Ahmadinezhad of Iran discussed topical issues of bilateral relations, including cooperation in the oil and gas sector, problems of the Caspian Sea, as well as a forthcoming meeting of the heads of the Caspian Sea littoral states in a telephone conversation today, the Ashgabat correspondent of Turkmenistan.ru reports referring to the State news service (TDH).

According to the TDH, the sides expressed satisfaction with the level of bilateral relations and agreed to continue mutual cooperation on the discussed issues in future. At the same time, Saparmurat Niyazov emphasized that the main condition for reinforcing stability and the progressive development of the region could be cooperation between Russia, Turkmenistan and Iran in a number of projects, including the development of resources of the Caspian Sea.

[stu]

80 Companies, 20 Countries to Participate in ‘Oil & Gas Turkmenistan’ Event

More than 80 companies from some 20 countries would participate in the oil and gas exhibition and conference that would start 8 November 2005 in Ashgabat.

The annual event brings together all the parties that are interested in the oil and gas sphere of Turkmenistan.

[stu]

Presidents of Russia, Turkmenistan Talk Caspian, Mutual Cooperation

In a phone call Monday, Presidents of Russia and Turkmenistan discussed a number of topics including the settlement of Caspian question.

Using the opportunity to greet Putin on the Unity Day – a post-communism holiday of Russia – Niyazov brought up a number of issues related to bilateral cooperation in trade, economy, natural gas and collaboration in the regional affairs.

Canadian Company to Sign Caspian Shelf PSA with Turkmenistan

A delegation of Canadian businessmen, led by Jean Chretin, former prime minister of Canada, had a meeting Monday with President Niyazov.

The highlight of the meeting was the mutual understanding that Canadian company Buried Hill Energy would soon sign a PSA for exploration in the Caspian shelf of Turkmenistan

[stu]

Turkmenistan Declares Hydrocarbon Reserves

In Turkmenistan, practically all the land and the Turkmen sector of Caspian are considered as prospective resources of oil and gas. Subsoil prospects have been evaluated to the depth of seven kilometers and the main oil and gas deposits are concentrated in Carbon and Upper Jurassic in the east and Neogene in the west of the country. In the future exploration and development will more and more in the deeper Miocene and Mesozoic deposits in the west, Lower and Mid Jurassic and deep deposits through Carbon inclusive in the east of the country.

[stu]

Grim reality of Turkmen health care

The extravagant nature of Turkmenistan's recent independence day celebrations are in marked contrast to the grim reality of life - and death - in this secretive and repressive state.

It took hours for her to die, and there were no trained medical personnel in the hospital.

[stu]

Turkmenistan, China to sign gas deal

Central Asia's Turkmenistan will sign a major agreement next year to sell natural gas to China and jointly develop Turkmen gas fields, President Saparmurat Niyazov said Wednesday.

China is increasingly looking abroad to secure reliable oil and gas supplies for its booming economy. Turkmenistan, a largely desert nation, has huge natural gas reserves and is the second-largest gas producer in the former Soviet Union after Russia.

[stu]

Oil, gas grid plan gains momentum

Eight Asian countries and Turkey have agreed to take forward the Indian proposal for a regional oil and gas grid.

The countries were attending a round table on cooperation between North and Central Asian producers and principal Asian consumers in New Delhi today.

[Graeme]

Will the U.S. Blow This Opportunity?

Turkmenistan straddles Afghanistan and Iran, and has a long border with future big players Uzbekistan and Kazakhstan (map). At the very least, it is in a strategic location. What makes Turkmenistan even more important is gas: the country is sitting on upwards of 260 trillion cubic feet of natural gas, making it one of the world's largest suppliers. For a long time it has been a major conduit for Russian gas and oil to Europe. Furthermore, it is one of the few recalcitrant pieces of the "Near Abroad" -- Russia's former Soviet Republics. As such it carries great symbolic weight for Moscow.

If Turkmenistan were to stop giving Moscow so much deference and allied its interests with, say, the United States, the implications would be vast. Allowing American interests an inroad into Caspian gas would be a big coup for pro-American governments in the region, namely Georgia and Ukraine. The U.S. should be thinking of ways to ingratiate itself to the new leadership—at this point, most likely Gurbanguly Berdymukhammedov, who has shown sympathy with Russia. If Russia maintains its stranglehold on Turkmen gas, the U.S. will have missed a critical opportunity to stake out some non-Russian sources of natural gas.

tcsdaily

[pea-jay]

I wouldnt even call it an "opportunity" for the US to blow. It's gas and for starters is best sent via pipeline. Okay, so through where? Logic says the Afganistan-Pakistan route makes the most sense as we sorta have the most control over those two. But then what? LNG is what. Cant send the gas by pipe so LNG is the only option. But located nearly a half a world away, this supply would have to pass by China and other Asian countries without being bid for and sail over to the as of yet unbuilt west coast LNG terminals. Its a hugely expensive undertaking and fraught with huge risks. I dont see this as panning out for the US, not when China and Russia can get the gas relatively easy.

If this is what passes for an opportunity we really are fucked

[copious.abundance]

>>> LINK <<<

9.05.2009
Turkmenistan May Hold Massive Oil Resources

Turkmenistan could have some 200-250 billion metric tons of oil equivalent, the head of a geological research institute at the Central Asian country's state-run corporation said on Friday.

"Reserves have so far been estimated at 44.55 billion metric tons of oil equivalent but they could be far higher, possibly 200-250 billion metric tons," Odek Odekov said at the 2009 CIS Oil and Gas Summit in the French capital.

He explained that Turkmenistan has around 10 to 15 giant fields, which could be developed and "therefore the figure of 200-250 billion metric tons does not look so fantastic."

Odekov said there were 11 promising blocs with reserves estimated at 18 billion metric tons of oil in the middle of Caspian offshore areas.

Investment in projects to develop the Caspian fields off Turkmenistan could reach $3.8 billion this year, a presidential energy official, Dovlet Atabayev, said.

He said the three foreign companies involved in Turkmen offshore projects - Petronas, Dragon Oil and Wintershall - had invested $2.2 billion last year against foreign investment of $0.8 billion in 2007.

"Capital investment is planned at $3.8 billion for 2009 under PSA agreements," Atabayev said, adding that talks with foreign partners were underway to increase investment.

[copious.abundance]

Since those were listed in metric tons let's figure out (roughly) how many barrels they're talking about.

According to this there are roughly 7 barrels in a metric ton.

"Reserves have so far been estimated at 44.55 billion metric tons of oil equivalent but they could be far higher, possibly 200-250 billion metric tons,"

So, 44.55 billion metric tons = 311.85 billion barrels
200-250 billion metric tons = 1.4 trillion - 1.75 trillion barrels.

Abundance - what a concept!

[vision-master]

When are you going to learn we are close to the end of the oil age.

[copious.abundance]

One other note: As I look at Turkmenistan on a map, it makes me wonder if the entire Caspian Sea basin is some sort of giant hydrocarbon trap. With Kashagan and other oil fields to the north, lots of offshore oil in the Russian, Iranian and Azeri Caspian Sea, plus, last year I posted an article about big oil potential beneath (what's left of) the Aral Sea, I wonder if this some sort of "new Persian Gulf."

[copious.abundance]

When are you going to learn we are close to the end of the oil age.

Or, maybe not.

[vision-master]

When are you going to learn we are close to the end of the oil age.

Or, maybe not.

[copious.abundance]

^
I can do that too!

[vision-master]

CERA.

We all know better than that.

[copious.abundance]

CERA.

We all know better than that.

Peak oil theorists. We all know better than that!

[vision-master]

CERA.

We all know better than that.

Peak oil theorists. We all know better than that!

What super oil field is increasing it's production?

[copious.abundance]

What super oil field is increasing it's production?

Here is a super oil field which is just beginning production. Estimated future production will be 1 million barrels per day.