About Galkynysh Gas Field
Galkynysh Gas Field - formerly known as Lolotan gas field or South Ýolöten – Osman field, is a large natural gas field near Ýolöten in Mary Province of Turkmenistan. It is the world's second-largest gas field. It is located 75km south-east of the provincial capital Mary in Turkmenistan and about 400km south-east of the capital Ashgabat, and it is a subsidiary company controlled by State Consern (SC) Turkmengas, the state-owned National Gas Company of Turkmenistan. The company has extensive experience in production and natural gas storage and underground facility development. The company actively operates gas storage facilities, explores and produces hydrocarbons and participates in renewable energy storage projects. The gas field was discovered in 2006 and commenced production in September 2013, marking completion of the first phase of field development. The company, as a subsidiary organization with substantial structuring and expansion in the year 2013 on the basis of producing, exploring, exporting, supplying, distributing, transporting, trading of oil and gas product and with promising prospect of becoming one of the top leading international companies in oil and gas sector.
Through its key companies, Galkynysh Gas Field is also active in the area of import, storage, sale and distribution of gas and liquid fuels, as well as electricity generation. Galkynysh Gas Field holds equity interests in some 10 subsidiaries, including providers of specialist geophysical, drilling and well services, highly valued on international markets.
Each of the existing three gas treatment plants at the field has a capacity to treat ten billion cubic metres (bcm) of gas per year, which is expected to increase to 40bcm per year by 2015. The field is expected to hold gas reserves of more than 14 trillion cubic metres. Galkynysh Gas Field is currently increasing its retail network, which is planned to covers 10 regions of Turkmenistan with future plans to maintain its focus on extending and optimizing the marketing network all over city of Ýolöten. The company partners with Turkmengaz terminals that possess favorable locations ensuring efficient storing and exporting of petroleum products and natural gas. Galkynysh Gas Field seeks to improve the balance between its export capacity and planned petroleum product output through the implementation of the extensive inclusive program and further expand cooperative policies with various world's leading marine terminals.
To work as a team with people who constantly strive to develop their business and technical skills to ensure excellence across our value chain.
We have a new vision to add value to the region through the utilisation of our state of the art infrastructure.
We are a trustworthy and reliable partner, externally (to our customers and suppliers) as well as internally (to our employees). Corporate and social responsibility is integral to all that we do and where we are all committed to the safety of all our employees.
Our Core business:
- preparing and exploration of hydrocarbons, their treatment and refining
- trade and stroage
- distribution of natural gas
- generation of energy