Turkey can shift oil focus from Black Sea to Mediterranean
Taner Yildiz said Turkey could give priority to oil and natural gas exploration in the Mediterranean.
Turkey's energy and natural resources minister said on Thursday that Turkey could shift its oil and natural gas exploration initiatives from the Black Sea to the Mediterranean.
Taner Yildiz said Turkey could give priority to oil and natural gas exploration in the Mediterranean.
"We can shift our explorations from the Black Sea to the Mediterranean," Yildiz told reporters aboard plane to Turkey from South Africa.
Yildiz said South Africa was good at coal technology, and Turkey wanted to make use of it.
On oil and natural gas exploration in the Mediterranean, Yildiz said Piri Reis seismic ship was collecting seismic data and it was not carrying out drilling studies.
"We are collecting data but we are not sharing it. You may carry out 2-D or 3-D seismic researches, and you can say that there may be oil at some point, but you may
not strike oil when you drill," Yildiz said.
Yildiz said a drilling cost about 150-200 million USD, and the government would not waste that money for just political reasons.
"We sent Piri Reis to that sport totally as a reaction, normally we will not enter that field because if we do so, this means that we do not recognize TRNC (Turkish Republic of Northern Cyprus)," he said.
Yildiz said if Turkey acquired negative data from seismic studies, it would not launch drilling around Cyprus, but there were places Turkey could drill in the Mediterranean.
"We will not leave the Mediterranean, but we will not drill everywhere," Yildiz said.
Yildiz also said personally, he did not think it was right to order a drilling ship without finding oil, but there was no need to order one at the moment.
Turkey disputes an Cypriot-Israeli accord signed last year to create exclusive economic zones in the waters between them.
It also says that only Greek Cyprus should not be exploiting natural resources until a settlement is reached between the Greek Cypriot government and a Turkish Cypriot government for the reunification of the island, and that any revenues should benefit both communities.
In response, Turkey and the Turkish Cypriot government signed their own continental shelf agreement on Wednesday, permitting state-run Turkish Petroleum Corporation (TPAO) to start exploration north of the island.
Noble Energy says that the eastern Mediterranean gas finds have been the world's biggest deepwater gas discoveries in the last decade, with a total of at least 25 tcf of gross mean resources.
http://www.worldbulletin.net/?aType=haber&ArticleID=79867
yeah yeah you gonna drill everywhere...start with your bum...
i said it before the turks have nothing...roc drilling continues uninterrupted...
i like the part he says drilling is an expensive exercise...so in other words there is gas in block 12 otherwise noble wouldn't be drilling...what a moron...
