Sakarya Gas Field

A Turkish vessel has commenced drilling a new well in the Black Sea, Energy and Natural Resources Minister Alparslan Bayraktar has announced, expressing optimism about discovering a new reserve within the next few weeks.

Work for deep-sea pipelaying to transfer the natural gas found in the Black Sea has begun, Energy and Natural Resources Minister Fatih Dönmez has said.

"Pipelaying in shallow waters is complete. Works at the energy base 2,500 meters deep in the Black Sea are continuing 24/7," Dönmez tweeted on July 11, with a photo of the Castorone ship, which lays the pipes.

Turkey's president hailed on Monday the start of the construction of an underwater pipeline to tap a Black Sea natural gas field that the government hopes will help wean the country off its dependence on energy imports.

Turkey will provide state support for a major project to develop the natural gas field it discovered in the Black Sea, according to a presidential decree published in the Official Gazette yesterday.

Turkish Petroleum (TPAO) project's investment value will be 145.1 billion Turkish Liras (approximately $10 billion) and the project period will be 11 years, according to the decree.

Drillship Fatih, owned by the Turkish Petroleum Corporation (TPAO), started drilling its third exploration well in the Sakarya Gas Field in the Black Sea region, Energy and Natural Resources Minister Fatih Donmez said yesterday.

Engineering works at Turkey's Sakarya Gas Field in the Black Sea region are completed and the first subsea pipes will be laid in the spring of 2022, the Energy and Natural Resources Minister Fatih Dönmez confirmed on Nov. 22.

Turkey will soon announce a significant natural gas discovery in the Black Sea, the country's Energy and Natural Resources Minister Fatih Dönmez said on Nov. 9.

Turkey lit the first gas flare in the Sakarya Gas Field located in the Black Sea during a ceremony on July 28. 

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"Today, for the first time, we will burn off the Black Sea gas that we discovered and started to extract from hundreds of meters underground," said President Recep Tayyip Erdoğan, addressing a virtual ceremony to mark the occasion.

Turkey's gas discovery of 540 billion cubic meters (bcm) with a market value over $100 billion will be open for trading under the name 'Black Sea Gas Contract' in Turkey's future gas market which will launch on Oct. 1 in Istanbul, Mustafa Yılmaz, head of Turkey's Energy Market Regulatory Authority (EPDK) told Anadolu Agency on June 9. 

Turkey's cumulative natural gas discoveries of 540 billion cubic meters (bcm) in the Black Sea could cover around 12 years of Turkey's current gas demand if fully recovered, according to principal Wood Mackenzie analyst, Ashley Sherman, on June 7.