Tag: oil and gas exploration

  • Anatolia completes drilling operations on the Sinan Licence in Turkey (Scandinavian Oil-Gas Magazine)

    Anatolia completes drilling operations on the Sinan Licence in Turkey (Scandinavian Oil-Gas Magazine)

    Anatolia Energy Corp. reports that Giremir-1, the initial exploration well on the Sinan Licence in Turkey, has completed drilling operations at a total depth of 1,250 metres. The well was drilled ahead of schedule and on budget at an estimated cost of US$1.4 million. The well penetrated the Upper Sinan Formation at a depth of 1,066 metres.

    6-1007Giremir-1 satisfies the drilling commitment on the Sinan Licence pursuant to the Company’s Joint Venture agreement with Calik and as required by the General Directorate of Petroleum Affairs (‘GDPA’), Turkey’s energy regulatory body. While no hydrocarbon shows were encountered during drilling or logging, Giremir-1 satisfies the work commitment of the Sinan Licence and also satisfies the district drilling obligation which includes the Bismil Licences.

    Satisfying the drilling commitment and retaining the acreage was a key management priority given the value believed to be held in the Sinan and Bismil Licences, which encompass 17,833 (8,917 net) and 245,699 gross (122,850 net) acres, respectively. The Licences are well-located within the Dadas Shale Oil trend as well as the Cretaceous and Ordovician conventional oil plays. Giremir-1 provides Anatolia with a cost-effective way of advancing the regional strategy for shale oil development in what management believes to be a world class shale oil resource.

    Tags: Anatolia Energy Corp.

    via Anatolia completes drilling operations on the Sinan Licence in Turkey (Scandinavian Oil-Gas Magazine).

  • Turkey Launches Ship to Support Offshore Energy Exploration

    Turkey Launches Ship to Support Offshore Energy Exploration

    The Leiv Eiriksson, an oil drilling platform, is escorted by tugboats as it enters the Bosphorus in Istanbul

    An oil-drilling platform is escorted by tugboats at Istanbul en route to a joint Turkish-Brazilian exploration site in 2009. (photo by REUTERS/Murad Sezer)

    By: Tulin Daloglu for Al-Monitor Turkey Pulse. Posted on February 18.

    With the discovery of hydrocarbon reserves in the Eastern Mediterranean bringing Turkey’s old and new rivalries together, the Ankara government is taking slow but steady steps toward a comeuppance for them. Only time will tell whether the effort will yield productive results.

    ABOUT THIS ARTICLE

    Summary :

    Turkey commits resources, including dedicated naval vessels, to preserve and protect its rights in its exclusive economic zone in the Eastern Mediterranean, writes Tulin Daloglu.

    Author: Tulin Daloglu

    Posted on : February 18 2013

    Categories : Originals Turkey

    On Feb. 17, Turkey launched the Tubitak Marmara, its first domestically produced oil-exploration vessel, some two weeks after the Barbaros Hayrettin, a newly purchased 3-D seismic exploration vessel, docked at Istanbul, on Feb. 1.

    Speaking before parliament on Jan. 30, Energy and Natural Resources Minister Taner Yildiz asserted that Turkey’s underwater oil and natural gas explorations had received new momentum. He described the new vessels as part of a well-coordinated effort clearly signaling that the path ahead will not be an easy one for anyone attempting to isolate Turkey and prevent it from exploiting its rightful share of hydrocarbons in the region. If these ships say something, it is that Turkey is serious about preserving its water rights and exclusive economic zone. They also highlight that Turkey is no longer solely reliant on others to assist it with hydrocarbon exploration.

    Recent hydrocarbon discoveries in the Eastern Mediterranean basin have brought together Israel, Greece and Greek Cyprus in an unusual alignment at a time when Turkish and Israeli politicians have gone over the cliff in their failed efforts to revive their relationship in the wake of the Mavi Marmara affair. Turkish officials closely monitoring the situation remain skeptical about the trio’s ability to bring the oil and natural gas finds to market at a reasonable price — especially given the complicated engineering of building a pipeline in the Eastern Mediterranean basin if the they are determined to push Turkey aside.

    For starters, Turkish energy analysts point to the issue of deepwater pressure. A Turkish-Israeli effort to exploit the hydrocarbons would involve building some 460 kilometers [285 miles] of pipeline under the Mediterranean, from Ceyhan to Haifa. That said, the distance from Israel to Greek Cyprus and then to Greece exceeds 2,000 kilometers [1,200 miles]. Water pressure is such a difficult challenge at that length that Turkish analysts consider building the pipeline an “impossible mission.”

    Turkey, meanwhile, is playing its own hand in the hydrocarbon game. “We are about to finalize our work of the past seven months concerning seismic exploration at sea. We purchased a vessel that has proved its success in two- and three-dimensional seismic exploration of the sea basin,” Energy Minister Yildiz told the parliament. “It is first going to conduct seismic exploration of the Black Sea and then move to the Mediterranean. Because it uses 3-D technology, I believe we will accomplish a lot in a short period of time.”

    At the ceremony for launching the Tubitak Marmara, Nihat Ergun, minister of science, industry, and technology, emphasized that not only will the craft be used for oil and natural gas exploration, but also for an array of other things, among them, studying maritime traffic, observing pipelines, preserving the environment, and studying fault lines.

    The new ships are good news for the Turkish maritime sector despite being latecomers. For a country surrounded by water on three sides, and thus having some 8,500 kilometers [5,281 miles] of coastline, Turkey has been slow to expand on ways to best benefit from the sea. It is now making clear that it is taking hydrocarbon discoveries quite seriously in its allocation of funding, research, and manpower to ensure that Turkey scores its own advantages.

    Yet the wiser option, at least for Turkey and Israel, would be to find a way past their stalemate over the Mavi Marmara apology kerfuffle and focus on the long-term interests of the region. Practically speaking, however, the likelihood that they will act with such wisdom is zero.

    Tulin Daloglu is a columnist for Al-Monitor’s Turkey Pulse. She has written extensively for various Turkish and American publications, including The New York Times, International Herald Tribune, The Middle East Times, Foreign Policy, The Daily Star (Lebanon) and the SAIS Turkey Analyst Report. She also had a regular column at The Washington Times for almost four years.

    via Turkey Launches Ship to Support Offshore Energy Exploration – Al-Monitor: the Pulse of the Middle East.

  • Turkey warns Eni about consequences of cooperation with Cyprus

    Turkey warns Eni about consequences of cooperation with Cyprus

    Azerbaijan, Baku, Feb. 8 / Trend, A. Taghiyeva /

    Eni_Logo_230609Italian company Eni’s cooperation with Cyprus in the field of hydrocarbon exploration in the eastern part of Mediterranean may negatively affect the company’s projects in Turkey, Turkish Minister of Energy and Natural Resources Taner Yildiz said today, Anadolu agency reported.

    He added that holding such operations in a special economic zone is contrary to international law, so Turkey is ready to impose sanctions against companies cooperating with Cyprus in the area.

    After Nicosia started working to develop the shelf off the coast of the island divided into Greek and Turkish parts in September 2011, Prime Minister Recep Tayyip Erdogan said that Ankara along with the Turkish Republic of Northern Cyprus will begin exploring oil and gas in a special economic zone of Northern Cyprus.

    Turkey has repeatedly expressed its categorical protest against operations, demanding the cancelation of plans to develop hydrocarbons by Cyprus.

    Ankara does not recognize the Republic of Cyprus, maintaining relations only with the Turkish Republic of Northern Cyprus. A corps of Turkish troops has been there since 1974.

    via Turkey warns Eni about consequences of cooperation with Cyprus – Trend.Az.

  • Turkey looks to speed up exploration

    Turkey looks to speed up exploration

    turkey

    Exploration: Turkey aims for energy independence

    Turkey is drilling for oil and natural gas with more rigs than any European country and plans new rules in 2013 to speed exploration of energy supplies, according to a report.

    Turkey fielded 26 rigs as of 31 December, according to data compiled by Bloomberg, and the number has since risen to 34, Energy Ministry officials said this week.

    Turkey has leapfrogged Norway as offshore drilling increased in the Black and Mediterranean seas. Spending on exploration jumped to $610 million last year from $42 million a decade earlier, the news wire reported.

    With economic growth forecast at 3.5% this year and about twice the pace of the most advanced economies to 2017, Turkey is drilling for its own energy to ease reliance on imports from Iran, Iraq and Russia.

    State-owned Turkish Petroleum (TPAO) has taken supermajors Shell and ExxonMobil as partners, after neighbouring Israel and Cyprus made some of the decade’s biggest gas finds in the past three years.

    “If there’s one country that needs energy, it’s Turkey,” Darren Engels, an analyst at FirstEnergy Capital in Calgary, told Bloomberg. “Their domestic business doesn’t scratch the surface.”

    TPAO – which has operations in Libya, Iraq, Azerbaijan, Colombia and Kazakhstan – needs to boost domestic output as it pursues a target of supplying all of Turkey’s energy needs by 2023.

    Turkey had proved reserves of 307 million barrels of oil and gas in 2010, 88% of which is oil, according to Engels. In 2011 alone, the country consumed about 258 million barrels, according to the EIA.

    To speed up the search for oil and gas, the government submitted a draft Petroleum Law to Parliament on 21 December. The bill calls for changes to “ensure speedy, continuous and efficient search of carbon resources”, requiring companies to pledge 2% of their projects as collateral to extend licenses.

    “Our aim is to make Turkey one of the 10 largest economies in the world by 2023,” Energy Minister Taner Yildiz told Bloomberg. “Finding energy (will) enable Turkey to achieve its goal.”

    Turkey imported about 92% of the oil it consumed in 2011 and 98% of the natural gas, according to the US Energy Information Administration.

    In the past, TPAO was designated as the national company tasked with searching and drilling oil and gas reserves in the country. The draft law no longer defines TPAO as such and in theory it will be treated like any other company, Necdet Pamir, head of Energy Studies Group at Ankara-based Chamber of Petroleum Engineers, told Bloomberg.

    TPAO is just one of the contributors to the domestic drilling boom. Shell, ExxonMobil and smaller explorers such as Transatlantic Petroleum and Anatolia Energy are also investing.

    The Turkish government “is doing everything it can to attract the foreign majors,” said Timothy Ash, head of emerging-market research at Standard Bank Group.

    TPAO and Shell plan to start drilling off the coast of Antalya in the Mediterranean in 2015, Yildiz said.

    “TPAO is also planning to drill in the Black Sea in Kuskayasi field in 2014, which was abandoned by Chevron. Obviously, it would be cheaper if it can find a partner.”

    Energy officials in the ministry say the complex geology of Turkey makes it more difficult to find large reserves compared with neighbours.

    The Mediterranean and Black Sea regions are more likely to hold gas, while the southern part of the country is more likely to hold oil, said FirstEnergy’s Engels.

    Turkey produced 2.3 million tons of oil in 2012. The average production is 44,000 barrels per day, according to official figures. In contrast, Norway produced about 2 bpd in 2011, according to BP’s Statistical Review of World Energy. Russia produced 10 million bpd.

    TPAO’s share in production of oil at home was 69% in the first 11 months of 2012 with the rest divided among others such as Perenco, Tiway Oil of Norway, Amity Oil International, Transatlantic Petroleum and Aladdin Middle East.

    via Turkey looks to speed up exploration – Upstreamonline.com.

  • Turkey-Israel-Cyprus Triangle And Mediterranean Gas

    Turkey-Israel-Cyprus Triangle And Mediterranean Gas

    By: Tulin Daloglu for Al-Monitor Turkey Pulse. posted on Mon, Jan 7.

    Ktorides, chairman of DEH Quantum Energy, and IEC Chairman Ron-Tal sign a memorandum in Jerusalem

    Israel’s Energy Minister Uzi Landau (rear C) watches as Nasos Ktorides (front C), chairman of DEH Quantum Energy, and Israel Electric Corp (IEC) Chairman Yiftach Ron-Tal (front R) sign a memorandum of understanding in Jerusalem March 4, 2012. (photo by REUTERS/Ronen Zvulun)

    In November 2007, Israeli President Shimon Peres and Palestinian President Mahmoud Abbas jointly addressed the Turkish parliament, an event that buttressed Turkey’s role in the region as an honest broker for peace. The Peres address was the first ever by an Israeli president before a Muslim parliament.

    About This Article

    Summary :

    Tulin Daloglu writes that Israel’s strategic partnership with the Republic of Cyprus, including over Mediterranean gas fields, is yet another complication in Israeli-Turkish relations.

    Author: Tulin Daloglu
    posted on: Mon, Jan 7, 2013

    Turkey and Israel at that time were weighing the construction of an “infrastructure corridor” between the port cities of Ceyhan and Haifa, which would have included five separate underwater pipelines for oil, natural gas, electricity, water and communications. There was also speculation that these pipelines could go through Northern Cyprus.

    That, however, was a red line for Greek Cypriot Foreign Minister Erato Kazakou-Marcoullis, who feared that Israel would thereby legitimize the Turkish side of the island when Nicosia had overwhelmingly rejected a United Nations proposal for a referendum in May 2004 on reuniting Cyprus, and despite that it had been accepted by the European Union as a full member.

    In order to get reassurance from the Israeli side that their strengthening of ties with Ankara would not come at the cost of damaging their stiff position toward the Turkish Cypriot side, Marcoullis visited the Jewish state in December, only a month after Peres and Abbas made their historic appearance before the Turkish Parliament. No action she took scuttled proposals for a Turkish-Israeli “infrastructure corridor,” but developments in the region conspired against it.

    The discovery of hydrocarbon fields in the eastern Mediterranean made things even more complicated for the Turkish side. Turkey’s European Union accession talks received mixed blessings. “The Greek Cypriots completely disconnected themselves from the Cyprus issue, but made Turkey’s EU accession directly dependent on this conflict,” Ergin Olgun, an advisor to the President of Turkish Republic of Northern Cyprus (TRNC), told Al-Monitor. “This has to be recognized as a serious diplomatic victory.”

    Moreover, in January 2009, Turkish Prime Minister Recep Tayyip Erdogan strongly reacted at the World Economic Forum in Davos to an Israeli air raid on the Hamas-controlled Gaza strip, and stormed offstage after a heated debate with Peres. Tensions between Ankara and Jerusalem peaked following the Mavi Marmara crisis in May 2010, when Israeli soldiers killed nine Turks on a flotilla off the shores of Gaza.

    As the Turkish-Israeli relationship deteriorated, Greek Cyprus and Israel started to build a strategic partnership. In February 2012, Benjamin Netanyahu became the first Israeli prime minister to visit Nicosia, where he agreed with President Demetris Christofias to launch a joint natural gas and oil exploration venture in their adjoining territorial waters. Speaking to Al-Monitor, Mehmet Ali Talat, former president of the TRNC, summed up this new close friendship in the region as, “my enemy’s enemy is my friend.”

    “Why did Israel not even attempt to have any close ties with the Greek Cypriot side when it was at a good standing with Turkey?” he asked. “Christofias and I joined demonstrations before we both became presidents to condemn Israel for its aggression to the Palestinians, and joined the crowds together marching to the Israeli embassy. When we both became presidents, we released a joint condemnation of Israel’s attack to Lebanon in 2008. To my knowledge, Christofias was a die-hard Israel enemy.”

    Nevertheless, the Greek Cypriot side claims it has no desire to act against the interests of the Turkish side. “This should not be perceived as a threat to Turkey,” Nikos Christodoulides, spokesman of the Greek Cyprus Presidency of the EU, told Al-Monitor. “Cyprus is exercising its sovereign rights. We consider this as our legitimate right. We don’t have talks with Turkey because it does not recognize the Republic of Cyprus.”

    And that’s the crux of the issue. It really doesn’t matter whether the world only recognizes the Greek side of the island as the legitimate representative of the whole of Cyprus, and that it’s only Turkey that recognizes the TRNC. The United Nations is still attempting negotiations to resolve this conflict.

    In fact, there were high hopes when Talat become president following the late Rauf Denktash, who was known as uncompromising and an advocate of dividing the island. Talat dedicated his personal and political life to the reunification of the island and had been boldly outspoken about the mistakes of the Turkish side.

    “It’s difficult to comprehend as to how the United States, and the EU could allow the Greek Cypriots claim that this is their sovereign right when we clearly did our share for the unification of the island, but the Greek Cypriots did not want it,” Talat told Al-Monitor. “What I know, if and when the Greek Cypriots start profiting from this natural wealth of the island, I don’t believe they will even allow the Turkish side to get a smell of it. Even the thought of the development of the Turkish side’s economy is against their policies.”

    Surely, the Greek Cypriot side believes it has an advantage as the only internationally recognized representative of the island. “The Turks approached many governments, and asked to open diplomatic missions in the north,” said Marcoullis during a visit to Israel in 2007. “But the international community is committed to the resolutions of the UN Security Council and thus no country in the world maintains relations with an illegal entity.”

    Dervis Eroglu, president of TRNC, told Al-Monitor that the Greek side heavily benefits from this status quo and desires to assimilate the Turks of the island by way of osmosis. He says there is no incentive out there that would really push the Greek side to even consider a fair solution to this conflict. “However, if the international community opens the UN Security Council resolutions 541 and 550 into a debate, that prevents the countries to recognize the Turkish side as a legitimate country; and if the UN Security Council ends the mandate of the peace force on the island, only then the Greek side can seriously consider getting to the table for reaching a solution,” he said. Seriously though, no one should really expect the UN body to take such a bold step.

    “We won’t immediately start profiting from this finding,” said Christodoulides. “It has been agreed that the natural wealth of Cyprus will be shared through the budgets of the constituency when there is a solution.”

    Yet Eroglu told Al-Monitor that this issue has to be addressed now to secure the rights of his people. “I proposed to the Greek side through directly engaging the UN secretary general and offered them to establish a committee that would be composed by equal number of Turkish and Greek Cypriots, where they would assess the profit made from these hydrocarbon fields, and put our share to a bank account accordingly,” he said. “I suggested that we use that money to sort out the economic challenges once we decide on the terms of the unification of the island. But the Greek Cypriot president turned it down without a second glance.”

    In short, Cyprus still remains as a conflict zone until the parties to this issue reach an agreement as to whether to continue as a united or divided entity, and they need to sort out in a civilized manner how they’re going to share the island’s wealth. The international community should be a facilitator in this direction. Yet Eroglu argues, “I’m not convinced a hundred percent that the US, Great Britain and Israel really want to see a resolution to this issue. Their interests openly clash with the Russians.”

    For Russian interests, as Olgun explains, the continuation of the Cyprus issue is a desirable outcome. “As long as this issue remains unresolved, because of Turkey’s standing on Cyprus, it will not be possible to see NATO fully embrace the European security and defense policies.”

    Still, Israel shouldn’t get engaged with yet another long communal conflict — as if dealing with the Palestinian issue isn’t enough — until the Turkish side’s share in the natural wealth of the island is assured. Greek Cyprus isn’t like any other sovereign state, and any attempt to violate the rights of the Turkish side is considered a direct rebuke to Turkish sovereignty. While the current political atmosphere between Ankara and Tel-Aviv is at a stalemate, a sealed agreement under today’s conditions between Greek Cyprus and Israel would kill all the possibilities for healing the rift between Israel and Turkey. And if that’s what the Jewish state calculates as in its best interest in the long term, it shouldn’t hesitate to go ahead in its joint venture with the Greek Cypriot side. But common sense might suggest otherwise.

    Tulin Daloglu is a columnist for Al-Monitor’s Turkey Pulse. She has written extensively for various Turkish and American publications, including The New York Times, International Herald Tribune, The Middle East Times, Foreign Policy, The Daily Star (Lebanon) and the SAIS Turkey Analyst Report. She also had a regular column at The Washington Times for almost four years.

    Read more: https://www.al-monitor.com/originals/2013/01/turkey-cyrpus-israel-natural-gas.html#ixzz2HNCfcs8e
  • Cyprus ignores Turkey, says to continue with natgas projects

    Cyprus ignores Turkey, says to continue with natgas projects

    November 05, 2012

    RECORDER REPORT

    Cyprus on Sunday vowed to continue to develop offshore natural gas reserves, accusing arch-rival Turkey of trying to stir tensions after warning multinationals off participating in the island’s projects.

    Sharpened rhetoric between the two neighbours bitterly divided by a war almost 40 years ago underscores tensions in the east Mediterranean over a potential oil and gas bonanza worth billions.

    Cyprus on October 30 said it would start talks with multinationals including Italy’s ENI, South Korea’s Kogas, France’s Total and Russia’s Novatek for the potential development of natural gas fields to the island’s south.

    Turkey maintains ethnically-split Cyprus has no right to explore for oil or gas. On Friday it warned ENI that it would review that firm’s investment in their country if it went ahead with the Cyprus project.

    “Turkey is once again showing its true face,” Cyprus’s foreign ministry said. “It is a record burdened with violations of international law both as regards its international, and national mode of behaviour.”

    via Cyprus ignores Turkey, says to continue with natgas projects | Business Recorder.