Royal Dutch Shell plc .com Rotating Header Image

Posts Tagged ‘Turkey’

Shell and Turkey sign oil, gas search deal


Wednesday Nov 23, 2011

ANKARA, Turkey (AP) — Royal Dutch Shell on Wednesday signed a deal with Turkish state-run petroleum company, TPAO, to search for oil and gas offshore in the Mediterranean and onshore in Turkey’s southeast region.

The deal allows the companies to search for oil and natural gas and to produce and share any discoveries. Offshore search efforts will concentrate off the Mediterranean coast of Antalya.

“God willing, we will reach important signs and with these signs … TPAO, will reach gas and oil discoveries,” Energy Minister Taner Yildiz said.

Turkey has recently carried out a seismic search for fuel sources in the Mediterranean in response to a Greek Cypriot search, which Turkey opposes on the ground that it undermines the rights of Turkish Cypriots.

U.S. firm Noble Energy has said that exploratory drilling off the coast of Cyprus may yield between 3 to 9 trillion cubic feet of natural gas.

Turkey and Greece also have long-running disputes over delineating the Mediterranean and Aegean seas for exploration.

Taner said however, the deal signed Wednesday was “technical work far from any political speculation.”

“We hope that (the deal) will be beneficial to both our country and to Shell,” Yildiz said.

SOURCE ARTICLE

RELATED ARTICLE


Shell says to conduct Mediterranean seismic work until end-2012

Wed Nov 23, 2011 10:03am GMT

ANKARA Nov 23 (Reuters) – Royal Dutch Shell, which has signed an exploration deal with Turkey’s TPAO, said on Wednesday it will conduct seismic work in the Mediterranean near Antalya, Turkey until end-2012 and processing will start in 2014.

Malcolm Brinded, Shell’s executive director for Upstream International, said at the signing ceremony in Ankara that the company would also open at least five wells in southeastern Turkey and the number of wells may exceed 10.

© Thomson Reuters 2011 All rights reserved

REUTERS SOURCE ARTICLE

TPAO has reached an agreement with Royal Dutch Shell to explore for oil and gas off of Turkey’s Mediterranean coast

Balkan Business News Correspondent – 21.11.2011

Turkey’s state-owned oil company, Turkish Petroleum Corporation (TPAO), has reached an agreement with Royal Dutch Shell to explore for oil and gas off of Turkey’s Mediterranean coast.

The deal between TPAO and the Dutch oil giant covers drilling in the maritime zones off of Turkey’s southern province of Antalya. Shell will undertake the transfer of the drilling rig and financing of the production from possible findings in the zone’s 2,500-meter deep seabed. Exploratory drillings in deep waters cost around USD 300 million.

“TPAO and Shell will ink the cooperation agreement next week,” said Turkey’s Minister of Energy and Natural Resources Minister Taner Yildiz about the deal, highlighting that the drilling operation was realized with international capital.

The agreement signifies a major shift in Turkey’s oil exploration efforts as the focus turns to the Mediterranean from the Black Sea coast, where TPAO partnered with Exxon and Petrobras to dig exploration wells. Source: IIT

SOURCE ARTICLE

Turkey, Shell Exploration Deal Not ‘Political Move’, Yildiz Says

November 18, 2011, 6:28 AM EST

By Aydan Eksin

Nov. 18 (Bloomberg) — An oil and gas exploration agreement Turkey will sign with Royal Dutch Shell Plc next week is not “a political move”, Turkey’s Energy Minister Taner Yildiz said.

The accord for exploration on land and in sea, including the Mediterranean, is planned to be signed on Nov. 23 or Nov. 24, Yildiz said in televised comments in Istanbul today.

–Editor:

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

SOURCE ARTICLE

Turkey hopes for Shell exploration deal

FINANCIAL TIMES

November 16, 2011

By Daniel Dombey in Istanbul and Michael Kavanagh in London

Turkey said it hopes to conclude an exploration deal with Royal Dutch Shell in the coming days…

FULL FT ARTICLE

Turkey’s Botas, Shell sign gas deal in Iraq

ANKARA, Turkey (AP) — Turkey’s state-run gas company Botas and Royal Dutch Shell PLC signed a preliminary agreement on Thursday for natural gas exploration and marketing in Iraq.

Click to continue reading “Turkey’s Botas, Shell sign gas deal in Iraq”