Borehole

Turkey may drill more boreholes in its search for gas in the eastern Mediterranean, Energy Minister Fatih Dönmez said on May 24.

Turkey has already opened eight boreholes in the region, Dönmez said, adding that while there were signs of natural gas, there had been no economically significant discovery.

Turkey launched a second drilling ship on Thursday which will conduct natural gas operations off the northeast coast of Cyprus for three months, a move which risks aggravating a conflict with Cyprus over jurisdiction rights for oil and gas exploration.