Ankara Plans to Develop Gas Reserves on Bulgaria’s Continental Shelf
Turkey intends to sign an agreement next month that will allow the state-owned energy company Turkish Petroleum Corporation (Türkiye Petrolleri Anonim Ortaklığı, TPAO) and a foreign partner to conduct exploration activities in a section of the Black Sea located off the coast of neighboring Bulgaria, the Turkish Ministry of Energy …
Turkey’s Gas Production Volumes in the Black Sea Reached 5 Million Cubic Meters Per Day
According to the head of the Ministry of Energy Alparslan Bayraktar, by 2028 production volumes are planned to increase fivefold. Turkey’s natural gas production volumes at the Sakarya field in the Black Sea have reached 5 million cubic meters per day. This was stated by the head of the Turkish …
Vostock Capital Research Team is Preparing the Report on the Results of the Study of the Investment Potential in the Oil and Gas Industry of Türkiye and the Black Sea
Vostock Capital research team is preparing the report on the results of the study of the investment potential in the oil and gas industry of Türkiye and the Black Sea, which will include: Major investment projects for construction and modernisation in the field of oil and gas industry of Türkiye …
Turkey Begins Drilling In The Black Sea In Search Of Gas
Turkey has begun drilling the Göktepe-1 well in the Black Sea to determine the presence of gas deposits, Energy and Natural Resources Minister Alparslan Bayraktar said. Turkey will conduct exploration in three places in the Black Sea this year to determine the presence of gas deposits, Bayraktar said earlier. “The …
ExxonMobil: to Sell a Stake in Joint Venture for Gas Production in the Black Sea
US oil and gas giant ExxonMobil has agreed to sell its stake in the development of natural gas fields in the Black Sea. It will be acquired by the Romanian state-owned company Romgaz for $ 1 billion. Exxon Mobil Corp. agreed to sell its 50% stake in the project for the development …
Dual Gradient Drilling in Deep Water Wells
Introduction The oil reserves of Russia’s continental shelf fields under development are decreasing. The domestic oil and gas companies are investing more and more into geological exploration on the continental shelves of the Kara Sea, Black Sea, Sea of Okhotsk as well as other areas [1,2]. The cost of constructing …
The Company Mage Completer Field Work on Black Sea Shelf
Marine Arctic Geological Expedition (JSC MAGE) successfully completed a comprehensive geological and geophysical exploration on the South-Chernomorsky license block for the company RN-Exploration, LLC. Modern research vessel “Polar Marquis” was involved in work. This specific vessel allows successfully towing a record 14 streamer configuration that provided the possibility of obtaining …
Rosneft and Eni Sign Completion Deed on Three Offshore Projects in Russia
Rosneft and Eni S.p.A., acting through their subsidiaries Rosneft JV Projects S.A. and Eni Energy Russia BV, signed Completion Deed for the Russian offshore projects (regarding Fedynsky, Central Barents blocks in the Barents Sea and Western Chernomorsky block in the Black Sea). – Completed formation of organizational structures for cooperation …
Rosneft President Igor Sechin meets Eni CEO Paolo Scaroni
Rosneft President Igor Sechin and Eni CEO Paolo Scaroni have met in Rome to discuss the progress of joint projects between the two companies offshore Russia in the Black Sea and Barents Sea in the framework of the strategic cooperation agreement signed on 25 April 2012. The executives in charge …
Rosneft and Eni Sign Agreement to Finance Geological Exploration Works at Three Offshore Russian License Blocks
Rosneft and its subsidiary Val Shatskogo have signed an agreement with Eni Energy Russia B.V. to finance geological works at three offshore Russian license blocks: the Fedynsky and Central Barents blocks in the Barents Sea and the Western Chernomorsky block in the Black Sea. Under the agreement, Eni will fully …