Bagtyýarlyk is a large contractual PSA

Production sharing agreement

Production sharing agreements are a common type of contract signed between a government and a resource extraction company concerning how much of the resource extracted from the country each will receive....

 territory consisting of several natural gas

Natural gas

Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...

 fields located in Lebap Province

Lebap Province

Lebap Province is one of the provinces of Turkmenistan. It is in the northeast of the country, bordering Uzbekistan along the Amu Darya. Its capital is Türkmenabat...

 of Turkmenistan

Turkmenistan

Turkmenistan , formerly also known as Turkmenia is one of the Turkic states in Central Asia. Until 1991, it was a constituent republic of the Soviet Union, the Turkmen Soviet Socialist Republic . Turkmenistan is one of the six independent Turkic states...

. It literally means happiness

Happiness

Happiness is a mental state of well-being characterized by positive emotions ranging from contentment to intense joy. A variety of biological, psychological, religious, and philosophical approaches have striven to define happiness and identify its sources....

in Turkmen language

Turkmen language

Turkmen is the national language of Turkmenistan...

. Bagtyyarlyk constitutes the bigger part of the gas rich Sagkenar (right bank of the Amu Darya River) area and includes Saman- Depe

Saman-Depe Gas Field

Saman-Depe Gas Field is a large natural gas field located in Lebap Province of Turkmenistan. The field belongs to contractual territory Bagtyyarlyk, a group of several fields on the right bank of Amu Darya River the maximum output of which is estimated at 25-30 billion cubic meters per year,...

 and Altyn Asyr

Altyn Asyr

Altyn Asyr is the largest mobile operator in Turkmenistan with over 500 000 subscribers as of 2010.- New office building :The construction in Ashgabat of an ultramodern office building for cellular communications enterprise “Altyn Asyr” will be another step towards further development and...

 fields.

History

The 30 year production sharing agreement for exploration and production of Bagtyyarlyk territory was signed in July 2007 between the Turkmen Presidential State Agency for Supervising the Use of Oil and Gas Resources and the China National Petroleum Corporation

China National Petroleum Corporation

China National Petroleum Corporation is a state-owned fuel-producing corporation and the largest integrated oil and gas company in the People's Republic of China...

 (CNPC) in Beijing

Beijing

Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...

, China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

. An annual production of 17 billion cubic meters of gas from new fields in Bagtyyarlyk along with 13 billion cubic meters coming from Saman-Depe and Altyn Asyr fields will fill Turkmenistan-China gas pipeline which was inaugurated in December 2009. Total estimated investment in Bagtyyarlyk by CNPC is approximately $1.5 billion.

Reservoir

Gas reserves in Bagtyyarlyk are estimated at 1.3 trillion cubic meters (cm) of natural gas.

See also

• Central Asia – China gas pipeline
• Saman-Depe Gas Field
  Saman-Depe Gas Field
  Saman-Depe Gas Field is a large natural gas field located in Lebap Province of Turkmenistan. The field belongs to contractual territory Bagtyyarlyk, a group of several fields on the right bank of Amu Darya River the maximum output of which is estimated at 25-30 billion cubic meters per year,...
  
  
• Ýolöten Gas Field
• Dauletabad gas field
  Dauletabad gas field
  The Dauletabad Gas Field is a large natural gas field located in the Amu-Darya Basin, Ahal province, Turkmenistan. It is located in the vicinity of the Turkmenistan–Iran border, and is named after the Dowlatabad settlement across the border in Iran...