Economy

TMK Energy’s seventh well powers up Mongolian gas production

TMK’s Gurvantes XXXV project spans 8400 square kilometres and contains Mongolia’s largest 2C contingent gas resource of 1.2 trillion cubic feet, positioning it as a cornerstone for the nation’s shift to cleaner energy. The project is just 50 kilometres from China’s Shivee Khuren border, streamlining logistics and enhancing cost-effectiveness.

LF-07’s rapid commissioning, just weeks after drilling, highlights TMK’s operational efficiency and strategic planning.

The company’s foresight in securing equipment and leveraging partnerships, such as with Canadian driller Major Drilling, has streamlined its progress.

With no major capital expenditure planned in the near term, TMK is now focused on refining its reservoir model to forecast gas production rates and timelines accurately.

TMK’s swift progress at Gurvantes XXXV signals a bright future, cementing its role as a key player in Mongolia’s energy transition and a potential supplier to regional markets, including northern China’s vast energy network.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au

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  • Source of information and images “brisbanetimes”

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