Itera lines up first well offshore Turkmenistan

Offshore staff

MOSCOW – Itera Oil and Gas Co. plans to drill its first exploratory well this year in the Turkmen sector of the Caspian Sea.

General Director Vladimir Makeev told the PRIME Information Agency: “We are in the process of determining a point for the well to be drilled.” The company is negotiating for a rig, he added.

The well will be drilled on block 21 where water depths range from 7-15 m (23-49 ft). Makeev said the well is expected to be drilled to a subsurface depth of 6,000-6,500 m (19,685-21,325 ft). Itera estimates potential gas resources on the block, also thought to contain oil, at 700 bcm (25 tcf).


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...