Black Sea Oil And Gas Reserves
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For instance in 2004 british petroleum found some exploitable gas at a well called ayazli 1 in the black sea but abandoned further research and handed over the concession to tpao.
Black sea oil and gas reserves. The turkish drilling ship fatih has been prospecting in the western black sea over the past month close to where romania has also found gas reserves. Ankara decided to buy a seismic vessel and three drilling ships fatih yavuz and kanuni and began looking for petroleum reserves in the eastern. President recep tayyip erdogan said turkey has found 320 billion cubic meters of natural gas in the biggest ever discovery in the black sea and hopes to begin production by 2023. A few large discoveries have sparked hope of a big reward but with some areas having more abundant reserves than others investments don t always work out.
Turkey won t back down. So when gas and oil are not just resources but strategic assets any competitive projects cause extreme dissatisfaction.
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Caspian Oil And Gas Producers May Have Missed Out On Their Best Opportunity
