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Turkey-Shell to Search for Oil and Gas in Black Sea

Discussion in 'Turkish Defence Forum' started by Hakan, Dec 11, 2014.

  1. Hakan

    Hakan RETIRED MOD

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    Turkey to search for oil and gas in Black Sea with Shell

    Kaczyniski2.png

    Territorial waters of black sea countries
    Turkey will conduct research for oil and natural gas resources in western Black Sea with energy giant Royal Dutch Shell, said the Turkish Ministry of Energy and Natural Resources
    World Bulletin/News Desk

    Turkey will conduct research for energy resources in the western Black Sea with energy giant Royal Dutch Shell, said the Turkish Ministry of Energy and Natural Resources on Thursday.
    Speaking at a press conference at the Bosphorus Energy Club's third meeting in Istanbul, Taner Yildiz said that Turkey is planning to conduct drilling activities for oil and natural gas resources on its northwestern region, off the coast of Sile, with Royal Dutch Shell.

    "Our seismic data indicate that drilling on this basin would be accurate, given the indications," said Yildiz, adding that the Turkish vessel Barbaros Hayrettin Pasa has conducted 3D seismic on a 1,540 square kilometer area.

    Yildiz said that Turkey will have a 50 percent interest with Shell on the $300 million investment which is planned to begin in January 2015.

    Yildiz said that Iraq is conducting studies to produce natural gas. He said that when it is extracted and after the country allocates gas for domestic consumption, Iraqi natural gas will be transported to Turkey. He added that the volumes involved will be dependent on Iraq's production.

    Turkey to search oil and gas in Black Sea with Shell | Economy | Worldbulletin News

    Gas was found previously near crimea:
    Ukraine Crisis Endangers Exxon’s Black Sea Gas Drilling: Energy - Bloomberg

    Same with Romania:

    Crude awakening: Romania’s Black Sea oil and gas finds fuel Europe’s energy hopes | euronews, reporter


    -----

    Another Article:

    THE BLACK SEA: ENERGY SECURITY FAULT LINE?
    An unfortunate consequence of lofty expectations, past optimism for the Black Sea to become the “next North Sea” has wilted with time. Now, the latest hopes for a Black Sea energy bonanza now lie with a fresh deal inked between the Turkish Petroleum Corporation (TPAO) and Royal Dutch Shell to explore 1,500 square kilometers with hundreds of millions of dollars at stake.

    But Turkey, which spent some $60 billion for energy last year, remains tenacious in seeking out domestic and regional alternatives to the country’s overwhelming dependence on farther-flung external sources. While the jury is still out on the ultimate viability of the Black Sea as an energy source, the impetus to develop locally is catching on beyond Turkey and throughout the region. Partially spurred in no small part by the shifting economics of energy, the more urgent -- if generally muted -- rationale lies with geopolitical realities.

    For the most part, the states that hug the littorals of the Black Sea are overwhelmingly dependent onRussia for a significant portion of their energy needs, and especially natural gas. The one major exception in Georgia, which has recently had poor relations with its giant northern neighbor, resulting in gas cutoffs and embargoes in 2006 and a war in 2008. Georgia today imports its gas from Iran andAzerbaijan -- the latter via the Baku-Tbilisi-Erzurum pipeline, which ferries large quantities of Azerbaijani gas to Turkey and European markets via Georgia. And at the moment, energy transit through Georgia is currently the only Westward artery that isn’t under Russian control.

    Famous for practicing “pipeline diplomacy,” Moscow has never been shy about leveraging its extensive delivery network in the service of political aims. Recent case studies of this phenomenon include Georgia’s spat with Russia, which led to the Kremlin hitting the off-switch in gas mid-winter in 2006. Similarly, Ukraine under the previous, pro-West government was hit by similar situations in 2005-2006 and again in 2009. The latter was particularly damaging because it affected downstream distribution to other European states which were supplied via Ukraine’s expansive distribution network, which Moscow has repeatedly sought to purchase by hook or crook.

    For Turkey, its energy relationship with Russia has had its own complications. Despite being one of the largest buyers of Russian hydrocarbons, periodic trade disputes have plagued the partnership. In 2008, shortly following the 2008 war between Russia and Georgia, Turkey-bound exports were unexpectedly curbed by Russia, which many analysts said was a punitive measure for Ankara’s permission for two U.S. warships to transit the Bosphorus. And in 2011, Turkish state gas pipeline operator Botas canceled its contract with Russian state gas giant Gazprom over the latter’s stubbornly above-market rates and rigid terms. Though imports were soon resumed, both these situations underscored Turkey’s massive vulnerability to Moscow’s mercurial approach to energy supply.

    These various episodes have not gone unnoticed throughout Europe, either, which has been affected either directly or indirectly by periodic energy-related drama. Among the Black Sea states, this sensitivity has been especially heightened, as they are generally the most directly-affected by the extended uncertainty posed by Russian energy delivery. Ironically, Moscow’s hard-line approach to energy deal-making has been a driving force for diversification efforts by the Black Sea states away from Russian sourcing.

    Turkey’s exploration efforts in the western Black Sea isn’t the only bid for diversification in the region.Ukraine recently announced its own decision to move ahead with a long-stalled project to explore a 13,000 square kilometer area by the Kerch straits, where preliminary estimates peg gas potential at 10.8 billion cubic meters. Ukraine is also looking to tap the Skifska field -- also in the Black Sea and estimated to hold as much as 250 bcm of gas -- which is being operated by a consortium led by ExxonMobil. Off Romania’s coast, ExxonMobil is also leading exploration of a field that may hold a further 85 bcm.

    But the biggest prize may actually be shale. In Ukraine, estimates and optimism in the country’s shale gas reserves are soaring, with the U.S. Department of Energy’s Energy Information Administration (EIA) estimating shale gas reserves in the 42 trillion cubic meter range, leading to a $10 billion deal between Kyiv and Shell. In neighboring Romania, Bulgaria, and Hungary, EIA estimates about 540 bcm of shale gas -- about the annual consumption of the entire European Union. Even Turkey is getting into the act, with expectations building for Turkey’s own shale potential in its expansive southeast.Even Armenia and Georgia may be headed in the same direction.

    Between Black Sea reserves, the promise of shale, and the flexibility of liquefied natural gas, the pipeline regime favored -- and dominated by -- Russia is quickly unraveling and giving way to disaggregated supply architecture. While this may have always been inevitable to some degree, Moscow’s approach -- recently exemplified by its apparently-punitive $7 billion bill against Ukraine -- seems to be only hardening resolve among Black Sea states to diversify and localize.

    From an energy security perspective, the interregnum between Russia’s near-monopoly and a truly disaggregated regional energy architecture is likely to be dominated by frequent spats between Moscow and its buyers. While the latter look to use the rise in local and unconventional plays to strengthen their bargaining power, Russia, in response, will likely opt to crack down in response. This could mean increasing instability in the short term before new sources are developed and come online, but Russian intransigence will only hasten this process.

    For investors, however, that intermediary period could present a prime opportunity. Black Sea states, and especially countries like Ukraine and Turkey, will be increasingly motivated to incentivize domestic or local energy sources to wean their economies from Russian hydrocarbons. This is likely to translate into preferred terms and generous latitude in pursuing energy sources. As the recently agreed-upon Trans-Anatolian Pipeline as well as Ankara’s aggressive exploration efforts in the Black Sea and Mediterranean Seas well-demonstrate, a more favorable energy portfolio is considered a national strategic priority. This is no less true in Ukraine, where the need to bring new sources online remains urgent.

    The Black Sea may or may not earn its erstwhile moniker as the next North Sea. But a rapid-changing energy game is well-afoot in the region, which will make it a massive test case for energy security as well as concomitant geopolitical considerations. How Black Sea states adapt to the increasingly new energy regime -- including Russia itself -- will not only be a major determinant of Europe’s energy fortunes, but the future of the region’s checkered geopolitical alignments.

    A change in the Black Sea region's energy mix is under way
     
    Last edited: Dec 11, 2014
  2. xenon54

    xenon54 ELITE MEMBER

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    There is a commercial fragmentation of Black Sea ratified by all neighboring countrys as the map above if i recall correctly, can someone share more info about it?

    Turkish territory on Black sea is the biggest it could reduce the dependence significantly if we find something there.



    Edit: neverming i found it.

    Five of the six Black Sea coastal states have ratified the Convention on the Law of the Sea. Turkey is the only exception. Nevertheless, it has delimited its maritime boundaries with all neighbouring countries. In 1973, 1978 and 1987 Turkey and the Soviet Union agreed upon their territorial see, continental shelf and exclusive economic zone boundary. After the dissolution of the USSR, Georgia, the Russian Federation and Ukraine confirmed the validity the USSR-Turkey maritime boundary delimitations. In 1997 Turkey and Bulgaria agreed upon their boundary. Romania and Ukraine resolved a long-standing dispute on the delimitation of the continental shelf and their exclusive economic zones through the International Court of Justice in 2009. The boundaries between Romania and Bulgaria, Ukraine and Russia and Russia and Georgia are not agreed upon and are drawn on the map as median or equidistant lines.


    Map:

    Black Sea Maritime Boundaries - Google Maps


    Source:

    Upgrade Black Sea SCENE — Black Sea Information > Exclusive economic zones
     
    Last edited: Dec 11, 2014
  3. Hakan

    Hakan RETIRED MOD

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    If they find gas and oil it would be great. Turkey's economic growth is being held back by high energy prices (partly gov'ts fault due to high taxes). The areas around Turkey are swimming in oil I know that turkey has to have a ton but its just a matter of finding it. More research like this needs to be done.

    A strong navy will be even more crucial in the future to protect these resources in black sea and Cyprus. Also ground forces that are highly mobile and have excellent surveillance capabilities will be need to ensure that all of the pipelines going through turkey are secure from any acts of terrorism or sabotage.
     
  4. Stimpy75

    Stimpy75 FULL MEMBER

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    wasn't there a prof some month ago who bet for his professorship that there is gas and oil in turkish black sea coast?
    i hope he wins his bet!!
     
  5. xxxKULxxx

    xxxKULxxx SENIOR MEMBER

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    Very important news in this video... Such as indigenous drilling rig platform and more... 8-)

     
  6. Hakan

    Hakan RETIRED MOD

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    Nice. Indigenous seismic research ship will be ready next month.:smokin:
     
  7. damm1t

    damm1t SENIOR MEMBER

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    International energy games are dangerous to play, what I concluded from video is we are aiming to add a new sister to existing energy giants sisterhood which is extremely difficult to make it happen. First of all we don't have our own natural resources, some of other energy companies marketing other countries' oil but they are settled there since milleniums and these companies are as strong as change the current governments, secondly we are lack some of necessary tech, beside sismic research ships we need platform/oilrig, satellites like Magsat which is more cost-effective way for exploration etc.. or planes equipped with similar technology if such thing exists, I don't even know.. Then potential areas of our soil must be detected. It may sound like conspiracy but I believe countries like Usa already have a map of potential mass oil/gas fields in the world, think about it, they have the tech and why not search the world, right? They may be manipulate some countries with their energy companies by saying simply "Sorry it's low quality, doesn't worth to pump " or " You have nothing here " ... But there is one thing I'm sure of is energy giants will do anything to hold their share from pie, nobody wants an energy hub Turkey with a strong international company.
     
  8. Hakan

    Hakan RETIRED MOD

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    Turkish Petroleum and Shell start to drill for oil in Black Sea

    The Turkish state-owned energy company TPAO and one of the world's leading energy firms, Shell, will start oil-and-gas explorations in January in the western Black Sea, the Turkish Energy Minister Taner Yıldız said on Tuesday. He made the comments during a ceremony held at Çırağan Palace in Istanbul, which marked the start of drilling operations.

    Pointing out that there has been an increase of nine percent in the number of opened wells compared to the previous year, Yıldız stressed that Turkish seismographic research vessel, Barbaros Hayreddin Paşa is fulfilling a very important duty in terms of function and prestige. Yıldız stated that "The Barbaros Hayreddin Paşa vessel has been revealing seismic data since we bought it. But that vessel is not enough for us. There is another seismographic research vessel which is now being built up in Tuzla. It will be put to sea in March at the latest, and will begin oil exploration in September."

    "That ship will be produced with national resources. If we find oil, we will also build a drilling platform using national resources, which will decrease the cost." Even though Turkey is not a country with proven oil reserves, the Turkish Petroleum Corporation (TPAO) is conducting oil exploration works with private companies.

    Minister Yıldız stated that 45 oil exploration and production companies, 28 of which are national and 17 are foreign, conducted 226 exploratory drillings in an area of 301,000 kilometer square in Turkish territory on land and at sea in 2014. Yıldız added that 188 oil wells were also drilled in the same year.

    TPAO General Manager Besim Şişman said that "Decreasing oil prices require us to review our activities and designate our priorities accommodating ourselves to circumstances."

    "Shell, in cooperation with TPAO, will search for oil and natural gas in the western Black Sea. Equipped with state-of-the-art technology, the drilling vessel, which will conduct the exploration works, will be supported by three ships and two helicopters. 240 people are planned to work in the project."

    The chairman of Shell Turkey, Ahmet Erdem, remarked that "We are bringing Shell's global expertise to Turkey to create a value in our country by using Shell's product and service range, global experience, high-technology based on research, development and innovation."

    "Five percent of Turkey's oil needs and two percent of its natural gas needs are met with national resources. With this new well, we will obtain significant data whether there are hydrocarbon resources in Western Black Sea. These explorations works are important since Turkey wants to increase its national oil and natural gas production."

    Turkish Petroleum and Shell start to drill for oil in Black Sea - Daily Sabah
     
  9. Hakan

    Hakan RETIRED MOD

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    11.jpg
     
  10. xxxKULxxx

    xxxKULxxx SENIOR MEMBER

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