Shell to explore shale gas in Southeast Turkey

Thursday, 06 September 2012 15:07:42 (GMT+3)   |  
       

Turkish Minister of Energy and Natural Resources Taner Yildiz has said that the global energy giant Shell and Turkish Petroleum Corporation (TPAO) have begun exploration works for shale gas in the Saribugday-1 field near Turkey's southeastern city of Diyarbakir.
 
All the drilling activities will be paid for by Shell, while 70 percent of the oil and natural gas to be produced will belong to TPAO and 30 percent to Shell.
 
The minister underlined that, thanks to cooperation between Shell and TPAO, oil exploration technology used worldwide will be introduced to Turkey. Shell CEO Peter Voser said that the exploration works will contribute to Turkey's economy and energy needs. 
 
Shale gas reserves have been found in Turkey in Thrace, Erzurum and Diyarbakir, with these locations estimated to have reserves equivalent to 500 billion barrels of oil and 20 trillion cubic meters of natural gas.
 
Turkey is heavily dependent on foreign resources in terms of oil supplies. It imports 90 percent of its oil needs, while the remaining 10 percent is met by domestic sources.

Similar articles

Turkey’s chrome ore exports fall strongly in August

12 Oct | Steel News

Turkey’s iron ore imports up 60.1 percent in July

19 Sep | Steel News

Turkey’s chrome ore exports rise in July

14 Sep | Steel News

Turkey’s coking coal imports up 20.4 percent in H1

17 Aug | Steel News

Turkey’s iron ore imports up 3.4 percent in H1

15 Aug | Steel News

Turkey’s chrome ore exports up three percent in H1

13 Aug | Steel News

Turkey’s coking coal imports up 44.5 percent in May

27 Jul | Steel News

Turkey’s chrome ore exports up 13 percent in May over Apr

13 Jul | Steel News

Ex-Turkey chrome ore offers to China decrease

26 Jun | Scrap & Raw Materials

Turkish cabinet approves new incentive scheme

19 Jun | Steel News