BAKU, Azerbaijan, August 10. The Magtymguly gas
field in Turkmenistan's Caspian Sea sector has produced more than
1.3 million cubic meters of commercial natural gas per day from a
new well.


This was announced in a report published by the Turkmennebit
State Concern on August 10.


According to the report, the A8 production well also produces
around 130 tons of gas condensate per day. The well was drilled to
a depth of 4,981 meters on the Toplum-1 contract area. Its initial
development is ongoing, with production expected to increase at a
later stage.


The work is being carried out under a production sharing
agreement between Malaysia's PETRONAS Carigali Sdn. Bhd. and
Turkmennebit.


“The work places particular emphasis on international
cooperation in developing licensed offshore blocks in the Turkmen
sector of the Caspian Sea,” the report said.


Turkmennebit added that over the past 30 years, five offshore
platforms have been built and around 40 exploration, appraisal and
production wells have been drilled in Turkmenistan's Caspian sector
and coastal area.







Joint operations in the area have resulted in the production of
more than 44 billion cubic meters of gas and 16 million tons of
liquid hydrocarbons.


The next stage of cooperation includes the development of
offshore blocks No. 19 and 20, as well as 2D seismic surveys on
blocks No. 11, 12, 13 and 14, the report noted.


Meanwhile, Turkmenistan's offshore Caspian sector has become an
important part of the country's efforts to expand and diversify its
hydrocarbon production base. Unlike the country's giant onshore gas
fields, offshore projects work under cooperation with international
partners and production-sharing agreements, making foreign
investment and technology particularly important for developing
more technically complex resources.


Malaysia's PETRONAS has been one of Turkmenistan's
longest-standing offshore partners. The company has operated in the
country for 30 years and has been involved in hydrocarbon
production in the Turkmen sector of the Caspian Sea, including the
development of offshore infrastructure and the Kiyanly gas
processing plant and terminal.


The partnership entered a new phase in June 2026, when PETRONAS
signed a production sharing agreement covering offshore Blocks 19
and 20 and a cooperation agreement on 2D seismic studies in
northern offshore blocks. PETRONAS said the new agreements are
intended to expand its upstream portfolio, improve understanding of
the subsurface and identify future exploration opportunities.