Turkey, Northern Cyprus sign exploration agreement

Turkey’s Prime Minister Recep Tayyip Erdogan, making good on earlier threats, has signed an agreement with Dervis Eroglu, president of the breakaway Turkish Republic of Northern Cyprus (TRNC), to explore for oil and natural gas offshore in the eastern Mediterranean.

“This agreement we signed today with the Republic of Turkey is a precautionary measure to make our Greek counterparts desist,” Eroglu said, referring to the Greek-speaking Republic of Cyprus.

Cyprus has been divided along ethnic lines since 1974, when Turkish troops occupied its northern third in response to what it saw as an Athens-engineered coup in Nicosia aimed at union with Greece.

Turkey has repeatedly called on Cyprus to postpone its exploration for oil and gas, saying that the Greek side has no right to undertake a unilateral search for sources of energy while the island remains divided.

Under the continental shelf limitation agreement signed with the TRNC, Turkey may also explore energy sources off the island’s southern coast—a decision that would likely create further conflict with the Greek Cypriots.

The agreement was clearly undertaken in response to the agreement between Nicosia and Noble Energy Inc., which already has started exploratory drilling for gas on Block 12 off the southern coast of the island—a location close to Noble’s Leviathan discovery in Israeli waters.

Erdogan described as “madness” the offshore gas drilling by Israel and Cyprus, raising the stakes in a confrontation over the potentially huge deposits in the eastern Mediterranean.

“The Greek Cypriot administration and Israel are engaging in oil exploration madness in the Mediterranean,” Erdogan said, adding that Nicosia’s drilling activity is “nothing but sabotage of the negotiation process between Turkish Cypriots and Greek Cypriots.”

In an effort to dissuade international oil companies from working with Nicosia, Erdogan said that Turkey’s energy ministry will apply “sanctions” and bar companies working with Nicosia from working in Turkey.

Turkish assault boats and frigates “are already in the region,” said Erdogan, repeating earlier warnings that Turkey would carry out energy surveys of its own under escort of warships if Cyprus pressed ahead with its drilling campaign.

The announcement of the agreement between Turkey and the TRNC coincided with reports that a Norwegian vessel is en route to Turkey, with the aim of conducting seismic surveys in the region.

“The ship is on its way. It has set sail from Norway,” an official of Turkey’s energy ministry told state media.

Contact Eric Watkins at hippalus@yahoo.com.

Related Articles

Chevron unit farms into Mauritania offshore blocks

02/04/2015 Chevron Mauritania Exploration Ltd., a wholly owned subsidiary of Chevron Corp., has agreed to acquire 30% nonoperated working interest in Blocks C...

Petrobras confirms extent of Farfan area discovery, finds reservoir

02/02/2015 The drilling of a third extension well in the Farfan area in the ultradeepwater Sergipe basin confirmed the extent of the 2013 light oil and gas di...

Antero trimming, delaying Marcellus drilling

02/02/2015 Antero Resources Corp., Denver, has announced a $1.8 billion budget for 2015, which is down 41% from 2014. The independent said it plans to defer c...

Fluid typing extends production in Chinese gas reservoir

02/02/2015 Comprehensive evaluation and classified recognition (CECR) of fluid typing and zonation (FTZ) is a prerequisite for developing multilayer sandstone...

Santos acquires interest in block offshore Malaysia

02/02/2015 Santos Ltd. has acquired 20% interest in a deepwater permit offshore Sabah, Malaysia. The company will take 10% from each of Japan’s Inpex and oper...

Mud volcanoes show gas hydrates potential in India's Andaman Islands

02/02/2015 Minutes after the M9.0 Sumatra-Andaman earthquake in 2004, mud volcanoes erupted on Diglipur Island in North Andaman. The eruptions resulted in an ...

OGJ Newsletter

02/02/2015

International news for oil and gas professionals

The ANWR blitz

02/02/2015 Deception begins with a 58-sec video on the White House web site in which President Barack Obama says he'll ask Congress to make the whole Arctic N...

BHP to drill first deepwater well off Trinidad in 2016, energy minister says

01/30/2015 BHP Billiton and its partner BP PLC will drill their first well in Trinidad and Tobago’s deep water in 2016 according to the Caribbean twin-island ...
White Papers

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by

The impact of aging infrastructure in process manufacturing industries

Process manufacturing companies in the oil and gas, utilities, chemicals and natural resource industri...
Sponsored by

What is System Level Thermo-Fluid Analysis?

This paper will explain some of the fundamentals of System Level Thermo-Fluid Analysis and demonstrate...
Available Webcasts


Cognitive Solutions for Upstream Oil and Gas

When Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

When Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST



On Demand

Prevention, Detection and Mitigation of pipeline leaks in the modern world

Thu, Apr 30, 2015

Preventing, detecting and mitigating leaks or commodity releases from pipelines are a top priority for all pipeline companies. This presentation will look at various aspects related to preventing, detecting and mitigating pipeline commodity releases from a generic and conceptual point of view, while at the same time look at the variety of offerings available from Schneider Electric to meet some of the requirements associated with pipeline integrity management. 

register:WEBCAST


Global LNG: Adjusting to New Realities

Fri, Mar 20, 2015

Oil & Gas Journal’s March 20, 2015, webcast will look at how global LNG trade will be affected over the next 12-24 months by falling crude oil prices and changing patterns and pressures of demand. Will US LNG production play a role in balancing markets? Or will it add to a growing global oversupply of LNG for markets remote from easier natural gas supply? Will new buyers with marginal credit, smaller requirements, or great need for flexibility begin to look attractive to suppliers? How will high-cost, mega-projects in Australia respond to new construction cost trends?

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected