Turkmenistan Oil and Gas Upstream Market Outlook to 2021

Turkmenistan upstream oil & gas market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2021, at a CAGR of XX% during the forecast period from 2016 to 2021.

The oil & gas upstream business segment works in the harshest offshore environments, and fight for sustenance in the constantly growing energy and environmental challenges, has become the need of the hour. Exploring beneath the earth’s surface for replacing the depleting oil and gas reserves is a challenge in itself. Furthermore, this activity has a tough aim of enhancing oil recovery, while also managing the environmental impact. Crude oil is the most actively traded commodity in the world and the market is dominated by large conglomerates that are competing for ever dwindling resources and this creates a stronger market rivalry.

Adapting to the technological advancements such as digitization, robotics and analytics, the companies involved in the upstream oil & gas sector have demonstrated the ability to be innovative and to lower costs, when necessary. The increased supply and the receding demand has marked a systemic imbalance and it is the need of the hour for the oil and gas companies to carefully tackle the logistics and other minor issues in order to confront the imbalance.

Turkmenistan upstream market has reserves of oil, natural gas and also the natural gas liquids. Presently, the crude oil reserves are XX billion barrels, the natural gas reserves are XX trillion cubic feet and the reserves of natural gas liquids are XX billion barrels.

Key Deliverables in the Study

• Turkmenistan upstream oil & gas market analysis, with assessments and competition analysis on a regional scale
• Market definition along with the identification of key drivers and restraints
• Turkmenistan upstream oil & gas market report presents an overview of the main economic, political, environmental and regulatory aspects to consider when investing in the sector
• Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market
• Extensively researched competitive landscape section with profiles of major companies along with their market share
• Identification and analysis of the macro and micro factors that affect Turkmenistan upstream oil & gas market on both global and regional scales
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
• A wide-ranging knowledge and insights about the domestic and international players in this industry and the key strategies adopted by them to sustain and grow in the oil & gas market