Proving its critics wrong, Turkish Petroleum develops country’s biggest offshore find in less than 3 years
In a remarkable feat, Türkiye has completed work on its Sakarya gas field in less than three years, with natural gas set to start flowing from the offshore wells in the Black Sea later this week. over the seriousness of the timeline announced by President Recep Tayyip Erdogan in August, 2020, when he declared that the project would be completed in 2023.
For instance, gas from Sakarya will be delivered to land via a 170 kilometre-long subsea pipeline and then through various compression plants. Industry people say that private offshore petroleum companies often get bogged down with paperwork, bureaucratic hurdles and sale-purchase agreements. So, as a government entity, TPAO was able to considerably reduce the time that goes into negotiating complex pricing structures and lengthy sale agreements.
For instance, in 2004, British Petroleum found some exploitable gas in a well called Ayazli-1 in the Black Sea, but abandoned further research and handed over the concession to TPAO. Dogan says consumption has generally increased over the years with the construction of new residential buildings and economic expansion.
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