Black Sea Oil And Gas Fields

Turkey discovers large natural gas reserve off black sea.

Black sea oil and gas fields. The excitement around the black sea began in 2012 when the first major gas field was discovered in the romanian sector. Huge gas finds in israel and cyprus bordering the established egypt region have been made. Black sea natural gas field turkey recep. Black sea oil gas is a romanian based independent oil and gas company targeting exploration and development of conventional oil gas resources.

Cyprus in turn holds the aphrodite gas field 3 6 to 6tcf. Discoveries like tamar with increased reserves at 10tcf the new leviathan gas field has 22tcf of recoverable natural gas. Turkiye petrolleri anonim ortakligi is the operator of the field and holds its majority stake 51. The mediterranean and black sea regions that are taking off.

Turkey has found significant gas resources in the black sea. The gas field is being jointly developed by omv petrom 50 and exxonmobil exploration and production romania 50 operator. If extracted economically the reserves will have major implications for the country s natural gas import bill and energy security. Tensions between ankara and athens over oil and gas exploration in the.

The midia gas development project mgd project comprises the ana and doina gas fields 320 bcf p50 contingent resources which were discovered in 2007 and 1995 respectively. It was discovered in 2004 and produces through two wells. In response to the recent coronavirus covid 19 outbreak we are moving the conference to an online environment. Black sea oil gas said it aims to start production at two gas fields off romania by 2019 becoming the first company to tap the country s vast offshore resources.

According to the smallest estimate the deposit contains 100 bcm of gas. Black sea oil gas is a major regional conference covering upstream and infrastructure developments in romania bulgaria ukraine georgia and turkey. The gas came from a well later called domino 1 after just a few weeks of exploration.