November 26, 2010
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New Oil Discovered at Turkmenistan Field

Engineers from the Turkmenistan stated-owned concern Turkmenneft have discovered a new prospective oil field in the Barsagelmes field in the Balkanskaya region of Turkmenistan, the company reported in a news release.

When drilling at exploration well No. 435, a powerful and productive flow of oil was discovered at depths of 4,548-4,551 meters and at 4,563-4,566 meters. Preliminary estimates showed the daily flow at the well could be as much as 129 tons a day.

"Turkmenneft is conducting geological surveys in deep layers at fields that have been previously worked", the company reported.

Work is currently under way to study the formations at the field to assess the most prospective areas for production.

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