Gumdagnebit Actively Develops Oil Fields in Western Turkmenistan

BUSINESS TURKMENISTAN
Gumdagnebit Actively Develops Oil Fields in Western Turkmenistan
The Gumdagnebit Management extracted 174,262 tons of oil from operating wells over six months of this year.

Gumdagnebit Oil and Gas Production Management of the Türkmennebit (Turkmen Oil) State Concern increases its main production indicators, including oil production, the online newspaper of the Oil and Gas Complex of Turkmenistan reported on Thursday.

Particularly, the Gumdagnebit extracted 174,262 tons of oil from operating wells over six months of this year, fulfilling the six-month production plan by 117%. Compared to the same period last year, the production growth amounted to more than 157%.

The specialists of the Management have accumulated considerable experience in the development of oil and gas fields in the country.  The use of modern equipment and technologies in production allows the specialists to intensively and consistently increase the production of hydrocarbons, according to the report.

The Gumdagnebit presently carries out large-scale work to develop the deposits of the Uzynada field.  At the present stage, the work carried out at the field is aimed at the efficient use of the resource base of the deposit, as well as at identifying new sources of underground wealth.  Since the beginning of this year, the development of the two deepest formations of wells has been successfully completed, obtaining an abundant flow of oil.

The industrial development of the Ordekli field is also in active phase, according to the newspaper. Exploration and development work on the field will provide additional growth in oil and gas condensate production.