Since Turkish President Recep Tayyip Erdogan announced on August 20 the discovery of his country’s biggest gas find ever, a number of analysts have raisedThe development timeline — around three years from discovery to production — of the Sakarya field in the Black Sea has become a popular point of contention for critics.
Drilling work at the Zohr field, developed by a consortium of companies led by Italy’s ENI, started in July 2015 and byTurkey’s Sakarya in the Black Sea will be comparatively easy to develop considering that Egypt Zohr’s gas contains impurities from sulphur. Oil companies have to invest money and time to build facilities to get rid of sulphur.
“In this case, the seller and most probably the buyer will be the Turkish government companies. They wouldn’t spend months trying to negotiate - they can do it in half a day,” says Karbuz, who recently co-authored a detailedIndustry people say that private offshore petroleum companies often get bogged down with paperwork, bureaucratic hurdles and sale-purchase agreements.
Ankara decided to buy a seismic vessel and three drilling ships — Fatih, Yavuz and Kanuni — and began looking for petroleum reserves in the eastern Mediterranean and the Black Sea on its own a couple of years back. Some people have also tried to create a controversy around the speed at which Turkey announced its discovery. Turkey began drilling at the Tuna-1 location on July 20 and announced a find in 30 days.
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