This appears to be a circular pool of oil roughly 200 meters in diameter in the Korpedje Oil Fields of eastern Turkmenistan near Korpedje 252. It has reportedly been spewing forth fire, smoke and steam [and other toxics one might guess] since some time in 2002. A photograph at ground level seems to show oil roiling at the surface suggesting an active upwelling of oil. Some attempt to dike the pool can be seen in that photo. The satellite view suggests that oil may be seeping out from the North East side of the pool.
This photo is from a photo post by an oil field trainee at >>>
http://mervynleong.fotopages.com/?entry=203628
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