Report: Turkmenistan Upstream and Oil Field Market 2013

Transcription

1 Report: Turkmenistan Upstream and Oil Field Market pages and over 200 graphs and tables (please refer to the full list below). Data for the last 5 years (ending December 2012). The geological details of some of the largest fields were included in the report. A forecast of the market development until 2020 is included. All key data in the graphs is numerical. An easyto-use electronic version (paste and copy, printing). Ready for delivery. This is the first report that places value on Turkmenistan s OFS Market. This $1.5 billion market provides many opportunities to oilfield services companies. Large offshore and onshore developments as well as resolved issues of gas export will lead to the market growth in the next several years. Report price: $5000 (USD) To purchase or enquire Dmitry Lebedev +1 (905) (647) (cell) or write to THE REPORT CONTENT 1 Abstract Turkmenistan oil and gas reserves Amudarya Basin South Caspian Basin Oil and gas industry s development in Oil and gas industry structure and role in Turkmenistan economy Legal framework of Turkmenistan Oil and gas production and forecast till Gas production, consumption and export in Crude and condensate production, consumption and export Turkmenistan crude and gas production forecast for Key upstream activities in and forecast till Drilling and wells completion in Turkmenistan Well stock and well workover/well servicing operations Turkmenistan OFS market in and forecast for Market size estimates Forecast methodology and forecasted market dynamics till Drilling segment in and forecast till Rig mobilization and assembly segment in and forecast till Drill bits and drill bits program segment in and forecast till Turbines servicing and supervising in and forecast till Drilling fluids in and forecast till MWD/ LWD and directional drilling segment in and forecast till Pressure pumping services market in Turkmenistan in and forecast till Cementing in and forecast till Hydro fracturing market in and forecast till Coiled tubing segment in and forecast till Wireline services market in and forecast till Open Hole Logging in and forecast till

2 Cased hole logging segment in and forecast till Perforation segment in and forecast till Well servicing/ workover market in Turkmenistan in and forecast till Workover and completion by workover crews in and forecast till Well servicing in and forecast till Sidetracking market estimates in and forecast till Seismic services market in and forecast till Artificial Lift Services segment Turkmengas (Turkmengazy) Drilling and other OFS activities and spending of Turkmengas Service divisions and other subcontractors of Turkmengas Large gas fields geology and location Dovletabad gas and condensate field Shatlyk gas and condensate field Samandepe gas and condensate field Zeagli-Derveze gas field Bairamali gas field Yashlar gas field South Yoloten gas and crude oil field (new field) Turkmenneft (Turkmennebit) Drilling and other OFS activity and estimated annual spending of Turkmenneft Sample of wells design in Turkmenneft Service divisions of Turkmenneft and known subcontractors Turkmenneft production units (NGDU) and some fields geological details Koturdepeneft and Koturdepe (Goturdepe) oil field Nebitdagneft Kumdagneft and Kumdag (Gumdag) oil and gas field Kamyshlydzhaneft and Kamyshlydzha field Chelekenneft (Turkmenneft subsidiary) Korpedzhe gas unit Keimir Khazar (Turkmenneft PSA with Mitro International) Turkmengeologia (state exploration company) Turkmengeologia service divisions and apparent capacities Turkmengeologia apparent activity levels and estimated annual OFS budget PSA projects Drilling and other OFS activity of PSA projects Dragon Oil (Cheleken Contract Area) PETRONAS Carigali (Block I) ENI (Burren Energy PLC and Nebitdag) CNPC (Bagtyyarlyk) CNPC (Kumdak) RWE Dea AG (Block 23) ITERA Buried Hill Energy (Block III) Other PSA projects Maersk Oil (Blocks 11-12) Wintershall (Blocks 2-6) Mubadala Development Co (Blocks 9 and 20) Pipelines and their role in the hydrocarbon production growth Oilfield Service Providers Briefs

3 12.1 State service companies EDC (Eurasia Drilling Company) NIOC (Iran-Khazar jack-up) CNPC as OFS Company CPECC (China Petroleum Engineering & Construction Corporation) Chuanqing Drilling Engineering Co., Ltd SINOPEC Yug-neftegas NAFTNA INDUSTRIJA SRBIJE (NIS) Continental Industrial Supply Ltd (CIS) Schlumberger Weatherford Haliburton Baker Hughes Camesola Investment Ltd and IPMash (Ukraine) LIST OF FIGURES AND TABLES Figure 1-1 Map of Turkmenistan key upstream activity areas Map 2-1 Amudarya basin fields Table 2-2 Fields of Amudarya basin Table 2-3 Reserves and details of largest fields of Amudarya basin Figure 2-4 Stratigraphic profile of Amudarya basin Figure 2-5 Stratigraphic-Lithology profile of Amudarya basin Map 2-6 South Caspian basin fields Table 2-7 Fields of South Caspian Basin Table 2-8 Reserves and details of largest fields of South Caspian basin Figure 2-9 Stratigraphic profile of South Caspian basin Figure 2-10 Stratigraphic-Lithology profile of Amudarya basin Figure 3-1 Turkmenistan crude oil production (mt) Figure 3-2 Turkmenistan gas production in (bcmpa) Figure 3-3 Turkmenistan nominal GDP and apparent income from oil and gas industry in Figure 4-1 Turkmenistan gas export and apparent domestic consumption (bcm) Figure 4-2 Turkmenistan gas export to Russia, China and Iran in (bcm a month) Figure 4-3 Turkmenistan daily gas production and export in 30 month ending June 2012 (mcm a day).. 33 Figure 4-4 Electricity production and apparent domestic consumption of gas in Turkmenistan in Figure 4-5 Turkmenistan gas production by producers in (bcm) Figure 4-6 Crude and condensate production by key producers in Turkmenistan in (million tons) Figure 4-7 Average daily oil production in Turkmenistan in June 2012 (average per month in thousands tons per day) Figure 4-8 Turkmenistan hydrocarbon production in and forecast for (oil equivalent million tons) Figure 4-9 Forecast of crude oil production by producer type in (million tons) Figure 4-10 Forecast of gas production by producer type in (billion m 3 ) Figure 4-11 Forecast of gas deliveries to export and domestic markets in (billion m 3 ) Figure 5-1 Drilling footage in Turkmenistan by type in (thousands of meters)... 39

4 Figure 5-2 Wells drilled in Turkmenistan by type in Figure 5-3 Forecast of drilling footage in Turkmenistan by type in (thousands of meters) Figure 5-4 Forecasted number of wells in Turkmenistan by type in Figure 5-5 Average well depths in Turkmenistan in Figure 5-6. Well servicing/well workovers in Turkmenistan in (jobs) Figure 5-7. Number of producing wells by producer type in Turkmenistan in (%) Figure 5-8. Well stock coverage by servicing/workover in Turkmenistan in (% of wells) Figure 5-9. Workovers of producing wells by producer type in Turkmenistan in (%) Figure Servicing of producing wells by producer type in Turkmenistan in (%) Figure 5-11 Well servicing/well workovers in Turkmenistan in (jobs) Figure Number of producing wells by producer type in Turkmenistan in (%) Figure Well stock coverage by servicing/workover in Turkmenistan in (% of wells) Figure Workovers of producing wells by producer type in Turkmenistan in (%) Figure Servicing of producing wells by producer type in Turkmenistan in (%) Figure 6-1 Turkmenistan oilfield services market structure by key segments in Table 6-2 Market shares of key segments in (%) Figure 6-3 Oilfield services market dynamics in (millions of US dollars) Figure 6-4 Input of key segments in incremental market growth in 2012 from 2009 ($ mln) Table 6-5 Market segments summary in Turkmenistan in ($ millions) Figure 6-6 OFS market by key groups (the state companies and PSAs) in (millions of US dollars) Figure 6-7 Oilfield services market dynamics in (millions of US dollars) Figure 6-8 Input of key segments in incremental market growth in 2020 from 2012 ($ mln) Table 6-9 Market segments summary in Turkmenistan in ($ millions) Figure 6-10 OFS market by key groups (the state companies and PSAs) in (millions of US dollars) Figure 6-11 Contractual drilling market development in (millions of US dollars) Figure 6-12 Contractual drilling by the State companies and offshore in (millions of US dollars) Figure 6-13 Forecasted drilling costs in Turkmenistan in (millions USD) Figure 6-14 Forecasted drilling costs by the State companies and offshore in (millions of US dollars) Figure 6-15 Transport and rig assembly in (millions of US dollars) Figure 6-16 Transport and assembly by the State companies and offshore in (millions of US dollars) Figure 6-17 Forecast of rig mobilization and assembly segment development in Turkmenistan in (millions USD) Figure 6-18 Transport and assembly by the State companies and offshore forecast in (millions of US dollars) Figure 6-19 Drill bits and drill bit program supervising in (millions of US dollars) Figure 6-20 Drill bits and bits program costs by the State companies and offshore in (millions of US dollars) Figure 6-21 Forecast of drill bit and bit supervising segment development in Turkmenistan in (millions USD) Figure 6-22 Drill bits and bits program costs by the State companies and offshore forecast in (millions of US dollars) Figure 6-23 Turbines, servicing and supervising in (millions of US dollars) Figure 6-24 Turbines and servicing costs by the State companies and offshore in (millions of US dollars)... 60

5 Figure 6-25 Forecast of turbine segment development in Turkmenistan in (millions USD) Figure 6-26 Turbines and servicing costs by the State companies and offshore forecast in (millions of US dollars) Figure 6-27 Drilling fluids market development in (millions of US dollars) Figure 6-28 Drilling fluids by the State companies and offshore in (millions of US dollars). 62 Figure 6-29 Forecast of drilling fluids market development in Turkmenistan in (millions USD) Figure 6-30 Drilling fluids by the State companies and offshore forecast in (millions of US dollars) Figure 6-31 MWD/LWD segment size in (millions of US dollars) Figure 6-32 MWD by the State companies and offshore in (millions of US dollars) Figure 6-33 Directional Drilling segment size in (millions of US dollars) Figure 6-34 Forecast of MWD/LWD segment development in Turkmenistan in (millions USD) Figure 6-35 Forecast MWD by the State companies and offshore in (millions of US dollars) 66 Figure 6-36 Directional Drilling segment size in (millions of US dollars) Figure 6-37 Pressure pumping market in (millions of US dollars) Figure 6-38 Pressure pumping segments by the State Companies and PSAs in (millions of US dollars) Figure 6-39 Forecast of pressure pumping market in Turkmenistan in (millions USD) Figure 6-40 Pressure pumping segment by the State Companies and PSAs in (millions of US dollars) Figure 6-41 Cementing segment development in (millions of US dollars) Figure 6-42 Cementing by the State Companies and PSAs in (millions of US dollars) Figure 6-43 Forecast of cementing sub segment development in Turkmenistan in (millions USD) Figure 6-44 Cementing by the State Companies and PSAs in (millions of US dollars) Figure 6-45 Hydro fracturing market development in (millions of US dollars) Figure 6-46 Forecast of hydro fracturing sub segment in Turkmenistan in (millions USD) Figure 6-47 Coiled tubing segment in (millions of US dollars) Figure 6-48 Coiled tubing by the State Companies and PSAs in (millions of US dollars) Figure 6-49 Forecast of coiled tubing sub segment in Turkmenistan in (millions USD) Figure 6-50 Coiled tubing by the State Companies and PSAs in (millions of US dollars) Figure 6-51 Wireline segment of Turkmenistann OFS market in (millions of US dollars) Figure 6-52 Wireline segment by the State Companies and PSAs in (millions of US dollars) 75 Figure 6-53 Wireline market in Turkmenistan in (millions USD) Figure 6-54 Wireline segment by the State Companies and PSAs in (millions of US dollars) 76 Figure 6-55 Open hole logging in (millions of US dollars) Figure 6-56 Open hole logging by the State Companies and PSAs in (millions USD) Figure 6-57 Open hole logging market in Turkmenistan in (millions USD) Figure 6-58 Open hole logging by the State Companies and PSAs in (millions USD) Figure 6-59 Cased hole logging in (millions of US dollars) Figure 6-60 Cased hole logging by the State Companies and PSAs in (millions USD) Figure 6-61 Cased hole logging market in Turkmenistan in (millions USD) Figure 6-62 Cased hole logging by the State Companies and PSAs in (millions USD) Figure 6-63 Perforation segment development in (millions of US dollars) Figure 6-64 Perforation segment for the State Companies and PSAs in (millions USD) Figure 6-65 Forecast of perforation segment development in Turkmenistan in (millions USD)... 81

6 Figure 6-66 Forecast of perforation segment for the State Companies and PSAs in (millions USD) Figure 6-67 Well servicing and workover market development in (millions of US dollars) Figure 6-68 Well workover/servicing by the State Companies and PSA in (millions of US dollars) Figure 6-69 Forecast of well service/workover segment development in Turkmenistan in (millions USD) Figure 6-70 Forecast of workover/servicing by the State Companies and PSA in (millions USD) Figure 6-71 Well workover by the State Companies and PSA in (millions of US dollars) Figure 6-72 Forecast of well workover by the State Companies and PSA in (millions USD) 85 Figure 6-73 Well servicing by the State Companies and PSA in (millions of US dollars) Figure 6-74 Forecast of well service segment by the State Companies and PSA in (millions of US dollars) Figure 6-75 Sidetracking market estimates in (millions of US dollars) Figure 6-76 Forecast of sidetracking segment development in Turkmenistan in (millions USD) Figure 6-77 Seismic market development in (millions of US dollars) Figure 6-78 Seismic by the State Companies and PSA in (millions of US dollars) Figure 6-79 Forecast of seismic market in Turkmenistan in (millions USD) Figure 6-80 Seismic by the State Companies and PSA in (millions of US dollars) Figure 6-81 Artificial Lift (ALS) segment development in (millions of US dollars) Figure 6-82 Forecast of ALS segment development in Turkmenistan in (millions USD) Map 7-1 Turkmengas production units areas of operation Figure 7-2 Turkmengas gas production in (bcm per annum) Figure 7-3 Turkmengas gas production in (bcm monthly) Figure 7-4 Subsidiaries estimated share in Turkmengas gas production Figure 7-5 Turkmenneft development drilling in (thousand meters) Figure 7-6 Turkmengas development wells in (wells) Figure 7-7 Turkmengas apparent average depths of development wells in (thousand meters) Figure 7-8 Turkmengas production well stock in (number of wells) Figure 7-9 Turkmengas apparent daily flows in (thousand cubic meters per day) Figure 7-10 Turkmengas estimated OFS spending in (USD millions) Figure 7-11 Turkmengas estimated spending by segments in (USD millions) Figure 7-12 Turkmengas estimated OFS spending in (USD millions) Map 7-13 Key gas fields of Turkmengas Figure 7-14 Dovletabad field geology details Figure 7-15 Shatlyk field geology details Figure 7-16 Samandepe field geology details Figure 7-17 Zeagli-Derveze field geology details Figure 7-18 Bairamaly field geology details Figure 7-19 Yashlar field geology details Figure 7-20 Yoloten field geology details Map 8-1 Locations of Turkmenneft subsidiaries Figure 8-2 Oil production by Turkmenneft in (million tons per annum) Figure 8-3 Monthly oil production by Turkmenneft in June 2012 (thousands tons) Figure 8-4 Gas production by Turkmenneft in (billion cubic meters per annum) Figure 8-5 Gas production by Turkmenneft in January (billion cubic meters per month) Figure 8-6 Turkmenneft development drilling in (thousand meters)

7 Figure 8-7 Turkmenneft development wells in (wells) Figure 8-8 Turkmenneft apparent average depths of development wells in (thousand meters) Figure 8-9 Turkmenneft producing wells in and gas lift wells share (wells) Figure 8-10 Turkmenneft apparent daily flows from a well in (tons a day) Figure 8-11 Turkmenneft estimated workover and servicing activity in (jobs) Figure 8-12 Turkmenneft estimated OFS spending in (USD millions) Figure 8-13 Turkmenneft estimated spending by segments in (USD millions) Figure 8-14 Turkmenneft estimated OFS spending in (USD millions) Figure meters well design, mud weight and lost circulation areas Figure meters well design, mud weight and reservoir pressures Figure meters well design, mud weight and reservoir pressures Figure 8-18 Nebitlidzhe well Figure 8-19 Unspecified successful well Figure 8-20 Turkmenneft subsidiaries share in Turkmenneft crude production in (%) Figure 8-21 Crude production by Turkmenneft subsidiaries in (thousand tons) Figure 8-22 Decline rates of Turkmenneft s production units (average annual from 2009) Figure 8-23 Koturdepeneft production (thousand tons a month) Figure 8-24 Koturdepe oil field geology details Table 8-25 Koturdepe oil field water cut and Yugneftegas workover efficiency Table 8-26 Barsagelmes oil field water cut and Yugneftegas workover efficiency Figure 8-27 Nebitdagneft production (thousand tons a month) Figure 8-28 Kumdagneft production (thousand tons a month) Figure 8-29 Kumdag oil and gas field geology details Figure 8-30 Kamyshladzhaneft production (thousand tons a month) Figure 8-31 Kamyshlydzha oil and gas field geology details Figure 8-32 Chelekenneft production (thousand tons a month) Figure 8-33 Korpedzhe crude production (thousand tons a month) Figure 8-34 Keimir production (thousand tons a month) Figure 8-35 Khazar production (thousand tons a month) Map 9-1 Drilling subsidiaries of Turkmengeologia Figure 9-2 Exploration drilling in Turkmenistan in (thousand meters) Figure 9-3 Turkmengeologia estimated spending in (USD millions) Figure 9-4 Turkmengeologia estimated spending by segments in (USD millions) Figure 9-5 Turkmengeologia estimated spending in (USD millions) Map 10-1 Locations of Production Sharing Agreements in Turkmenistan Table 10-2 Basic information on Production Sharing Agreements in Turkmenistan Figure 10-3 Offshore blocks locations in Turkmenistan Caspian sector Figure 10-4 Producing PSA crude and condensate production (million tons a year) Figure 10-5 PSA production (thousand tons a month) Figure 10-6 PSA offshore and onshore drilling in (thousand meters) Figure 10-7 PSA wells completed in offshore and onshore in (wells) Figure 10-8 Estimated OFS costs of offshore and onshore PSAs in (USD millions) Figure 10-9 Offshore PSA estimated spending by segments in (USD millions) Figure Onshore PSA estimated spending by segments in (USD millions) Figure Estimated OFS costs of offshore and onshore PSAs in (USD millions) Figure Dragon Oil PSA crude production (thousand tons a year) Figure Dragon Oil platforms and facilities schematic locations Figure Dragon Oil footage and number of wells in (thousand meters and wells) Figure Dragon Oil average depth of wells in (meters)

8 Figure Dragon Oil average initial flow of new wells in (bopd) Figure Dragon Oil new wells by platforms in Table Dragon Oil drilling program in Cheleken contract area in 8 months Table Dragon Oil drilling program in Cheleken contract area in Table Dragon Oil drilling program in Cheleken contract area in Table Dragon Oil drilling program in Cheleken contract area in Figure Dragon Oil drilling by rigs and jack-up share in (meters and %) Figure Dragon Oil drilling by rigs in month 2012 (meters) Figure Dragon Oil development well cost and number of wells in ($ millions) Table Dragon Oil condensed income statement and CAPEX in st H Figure Dragon Oil revenue per barrel of production and apparent entitlement share in st H 2012 ($ bbl) Figure Dragon Oil CAPEX per barrel of production in st H 2012 ($ bbl) Table PETRONAS Block 1 fields properties Figure PETRONAS MOPU and FSO schematic veiw Figure Estimated production of Nebitdag PSA (thousand tons) Figure 11-1 Gas transportation system in Turkmenistan Table 11-2 Main specifications of Turkmenistan s major trunk pipelines Schematic map 11-3 CAC and Pricaspian pipelines throughput in Table 12-1 The state enterprises managed OFS capacities (estimates) Table 22-2 Capacities of the EDC in 2007 and Figure 22-4 Drill footage of EDC in (thousand meters) Table 22-6 EDC s revenue and net income in (thousand USD) Picture 22-6 EDC s Astra jack-up rig Picture 22-6 EDC s SATURN (TRIDENT XX) jack-up rig Picture 22-6 Iran-Khazar jack-up rig Table 12-2 CNPC domestic and international drilling activity in Table 12-3 CNPC wireline domestic and international capacities and utilization Table 12-4 CNPC wellbore stimulation capacities and jobs count in Table 12-5 CNPC seismic capacity and activities in Table 12-6 CPECC jobs and prices in Table 12-7 Yashyldepe field acid treatment results Figure 12-8 NIS OFS segment revenue and profit/loss in (USD million) Figure 12-9 Schlumberger revenue by geo-region breakdown in (millions US) Figure Schlumberger revenue by oilfield segments (millions US) Figure Schlumberger revenue (millions US) Figure Weatherford revenues by region in ($ mln) Figure Halliburton oilfield revenues by two segments in (millions USD) Figure Halliburton oilfield revenues by regions in (million USD) Figure Halliburton oilfield revenues by segments in Europe/Africa/CIS region in (million USD) Figure Baker Hughes regional revenues globally in ($ mln)