TPAO to conduct oil & gas exploration in north-west Turkey
Baku, Azerbaijan, March 28
By Rufiz Hafizoglu - Trend:
The Turkish Petroleum Corporation (TPAO) will conduct oil and gas exploration in Istanbul, including Tekirdag province in the north-west of the country, the Ministry of Energy and Natural Resources of Turkey told Trend March 28.
TPAO applied to the ministry in November 2018 to obtain an additional license for oil and gas exploration.
“The total area allocated for oil and gas exploration is 15,000 hectares,” the ministry said.
On Feb. 8, Fatih Donmez, minister of energy and natural resources of Turkey, said that natural gas reserves were discovered in the north-west of Turkey.
A law permitting oil exploration in forests and national parks came into force in Turkey in April 2014.
The ministry said a total of 56 wells have been drilled as part of exploration of new oil and gas fields in Turkey since 2014, of which 54 are onshore and two are offshore.
In 2017, 1863 exploration projects were carried out in Turkey to search for new oil and gas fields.
Turkey also plans to establish a new company for the exploration of oil and gas abroad.
The new company is expected to be engaged in oil and gas exploration in Central Asia and Africa.
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