Business · Energy & Commodities · 12 hrs ago
TMK sets Mongolian gas production record and advances toward licence
TMK Energy set a monthly gas production record at its Gurvantes XXXV project in Mongolia in October.
Average daily production rose 11% from September to 971 cubic metres, without output from any new wells.
Regulators accepted the company's declaration of a gas discovery, moving the project toward a possible 30-year production licence.
At the Lucky Fox pilot site, TMK pumps water from coal seams to help trapped methane flow; the project has a certified contingent resource of 1.2 trillion cubic feet, not yet commercially developed.
The company is working to increase output from existing wells through repairs and plans to bring a new well, LF-08, into production by mid-December.
TMK says it is fully funded for its 2026 work program, while further drilling is planned for 2027.
A proposed gas-to-power plant could supply the company's operations and nearby industrial customers, but a final investment decision is now expected in early 2027.
TMK Energy reported record October gas production at its Gurvantes XXXV project in Mongolia.
Average daily production rose 11 per cent to 971 cubic metres, from 872 cubic metres in September.
Regulators accepted the company’s declaration of gas discovery, advancing it toward a potential 30-year production licence.
The company has started a drilling and well-enhancement campaign aimed at proving the project’s commerciality.
TMK plans to bring the Lucky Fox-08 well into production by mid-December and complete three well re-completions.
- Who
- TMK Energy, which wholly owns the Gurvantes XXXV project.
- What
- The project set a monthly gas production record, and regulators accepted its declaration of gas discovery.
- When
- Production figures were for October 2026; the article was published on November 9, 2026.
- Where
- The Gurvantes XXXV coal seam gas project in Mongolia’s South Gobi Basin.
- Why
- The company is seeking to prove the project’s commerciality and advance toward a potential 30-year production licence.
This story does not have two clearly opposing sides.
Average daily gas production was 872 cubic metres.
Average daily gas production rose to 971 cubic metres, setting a monthly record.
The field campaign began with a cleanout of idle well LF-03.
The field campaign was scheduled to wrap up.
Lucky Fox-08 was slated to begin producing.
- October average daily production
- 971 cubic metres per day
- September average daily production
- 872 cubic metres per day
- October record
- 34,300 standard cubic feet per day
- Water production
- 410 barrels daily
- Gurvantes XXXV area
- 8,400 square kilometres
- 2C contingent resource
- 1.2 trillion cubic feet of gas
What people are saying
The Company remains fully funded for the 2026 work program and is continuing towards its target of proving commerciality of the project.
With the 2026 Work Program now underway, we expect to see further significant increases in gas production rates over the next few months as both LF-08 is brought into production and the three well re-completions are undertaken.