- QatarEnergy selects Nakilat to own and operate 25 conventional LNG vessels
- The joint development of the Dorra field between Saudi Arabia and Kuwait is pending the demarcation of the border with Iran
- Minister of Energy reaffirms the UAE’s commitment to adopting clean energy and supporting the Paris Agreement
- The new Hassi Messaoud refinery enjoys the support of the government and President Tebboune
- Increasing electrical interconnection capacities to export electricity beyond borders
- Qatar Energy stops sending liquefied gas tankers through the Red Sea for security reasons
- The inauguration of the Duqm Refinery, the largest joint Gulf project in the refinery sector
- Saudi oil exports are faltering due to Houthi attacks on ships in the Red Sea and Gulf of Aden
- Algeria to host and chair the Gas Exporting Countries Forum summit (February 29 to March 2, 2024)
- Egypt Energy Conference and Exhibition 2024 gives a strong impetus to the global energy dialogue
Turkey discovers a large gas field in the waters of the Black Sea
8/21/2020
Turkey has greatly expanded its energy exploration operations in the Black Sea and in the disputed areas in the eastern Mediterranean waters. Turkey is keen to find large energy reserves to reduce its heavy dependence on imports from Iran, Iraq and Russia, and to support its economy.
A few days ago, Turkish President Erdogan said that the Turkish national drilling companies have found 320 billion cubic meters of natural gas in the Tuna 1 field, which is the largest discovery ever in the Black Sea, and hopes to start production by 2023.
Turkish Energy Minister Fatih Donmez says that drilling operations in the Fatih area reached depth of 3,500 to 4,000 meters.
However, the state-run Turkish oil company TPAO has no experience in producing gas from deep waters and will likely need to hire major companies to exploit the field. However, with the prevailing lower oil and gas prices, the economics of developing Tuna 1 field discovery may be less attractive than in the past.
The field is located 150 kilometers from the Turkish coast, near an area where the maritime borders of Bulgaria and Romania meet, and not far from the Romanian sector of Neptune, which is the largest in the Black Sea.
It is worth noting that Turkey has entered into regional conflicts with Greece and Cyprus in the eastern Mediterranean as it is looking for oil and gas in the disputed waters.
