Turkish Petroleum obtains gas exploration license for 4 fields

A screen grab captured from a video shows that the natural gas reached to the land is tested in the gas combustion unit at Filyos Natural Gas Processing Facility in Zonguldak, Turkiye on April 18, 2023. [Turkish Petroleum Corporation/AA]

The general directorate of Turkiye’s state energy company, Turkish Petroleum Corporation (TPAO), was granted an oil exploration license for four fields lasting eight years in the “Exclusive Economic Zone”, said a communiqué issued Thursday, Turkish local news outlets report.

According to the report, the economic zones within the country’s maritime jurisdiction areas, are determined by bilateral delimitation agreements in the Black Sea.

The report says the decisions of the General Directorate of Petroleum Affairs of the Ministry of Energy and Natural Resources regarding oil rights were published in Thursday’s issue of the country’s Official Gazette.

Accordingly, it was decided to provide the oil exploration licenses in question to four fields within TPAO’s territory starting from 31 October, 2023.

The fields encompass a surface area of 556,162 hectares, 48, 333 hectares, 326, 253 hectares and 262,762 hectares, respectively.

TPAO operates as a contractor company for licenses in providing exploration, production, field development and drilling services.

Read: Turkiye and Azerbaijan sign gas pipeline deal after victory in Nagorno-Karabakh

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