2nd International Congress and Exhibition Türkiye & Black Sea Oil and Gas is an international, professional platform, bringing together over 200 C-suite executives from vertically integrated oil companies, general directors, CTOs of oil refineries, gas processing plants and petrochemical facilities, initiators of investment projects on oil and gas extraction from Türkiye and countries of the Black Sea area, officials of regulatory authorities, licensors of production technologies and world suppliers for the industry. The event enables to establish dialogue, share experience, search for solutions, and consolidate the efforts of business and government for efficient development of key O&G projects in Türkiye and the Black Sea area, including the projects for construction of processing facilities.
Turkish government intends to invest $10 bn in development of gas fields in the Black Sea. As suggested, some 14bn cm of gas per annum could be produced from the field located in Zonguldak province and from the Sakarya gas field. The project will provide over 1000 job opportunities.
OPERATOR/INITIATOR: Petkim Petrokimya Holding A.Ş.
LOCATION: Black Sea, Turkey
STAGE: In process
Within the scope of Occupational Health and Safety projects, one of the biggest investments is for the renovation of pipelines at the common pipe site which poses an HSE risk, and the replacement of their outing. In strategic projects, the most important investments involve the modernisation investments of piers. With these investments, the infrastructure of the piers will be strengthened, HSE risks will be eliminated and the piers will be modernised in such a way as to adapt to the latest technology.
The modernization of Jetty 3 and Jetty 2 piers within Petkim Refinery enables the transfer of raw materials and final products between ships and production facilities. At the end of this two-stage project, the transfer capacities of Jetty 3 and Jetty 2 will be increased to a total of 80,000 DWT.
GAS FIELDS IN THE BLACK SEA TO BE DEVELOPED WITH THREE TURKISH VESSELS
OPERATOR/INITIATOR: Turkiye Petrolleri Anonim Ortakligi (TPAO)
LOCATION: Black Sea, Turkey
DATES: By 2023
Turkey keeps developing gas fields on the Black Sea shelf. The country plans to start production of the Black Sea gas by 2023. The associated works will involve three Turkish drilling vessels – Yavuz, Kanuni and Fatih. The vessels will address various tasks at the Sakarya gas field. Once Fatih completes its drilling mission, wells development will start by Kanuni and Yavuz. The process is divided in 2 parts: development of wells of lower and upper level. Kanuni will be responsible for development of the lower level.
LOCATION: Black Sea, Turkey
DATES: June 19, 2017 – October 31, 2023
INVESTMENT AMOUNT: $2.735 m
The objective of the project is to increase the reliability and security of gas supply by expanding underground gas storage capacity. The project is expected to expand the capacity of the Tuz Golu Gas Storage Facility by 4.2 billion cubic meters (bcm), from 1.2 bcm to 5.4 bcm, through constructing 40 caverns in the Tuz Golu underground salt formation, related surface and subsurface facilities, fresh water and brine discharge pipelines, and electricity supply.
STAGE: In October 2021, the EPCI-contract was concluded with Schlumberger and Subsea 7 within the framework of a consortium
INVESTMENT AMOUNT: $9.9 bn
The President of Turkey signed a resolution on supporting investment in a project to develop the Sakarya field in the Black Sea. Its reserves are estimated at 405bn cm. Extended fiscal preferences will total some $10 bn.
Investment in development of the field and gas transmission to shore will be $9.9 bn and will continue for 11 years. The project will involve over 1000 people. Max level of production will be 14bn cm per annum, while the consumption in Turkey last year amounted to 61bn cm.
Turkey intends to connect that gas to the national gas transmission system by 2023. The first gas flow from the field is expected starting from 2023 with expected gas flow of 5-10bn cm. It is expected that the field will gradually expand and by 2025 the production will reach some 15bn cm enough to satisfy 30% of gas demand in the country.
OPERATOR/INITIATOR: AGRI LNG Co (SOCAR, GOGC, Romgaz, MVM)
LOCATION: Black Sea, Azerbaijan, Georgia, Romania, Hungary
INVESTMENT AMOUNT: Project cost will depend on the nameplate capacity and can vary €1.2 bn to €4.5 bn
Azerbaijan-Georgia-Romania Interconnector (AGRI) project implies supplies of natural gas from Sangachal terminal in Azerbaijan via the existing gas pipelines to the Georgian Kulevi where there will be a new gas liquefaction terminal built. Further, via specialised tankers, the liquified Azerbaijanian gas will come to the acceptance terminal which will be built on the Romanian shore of the Black Sea. Using local gas distribution network, the gas from Romania will spread across the country via the existing interconnector named Arad (Romania) – Seged (Hungary) and will be exported to Hungary and European countries.
Congress Highlights 2022
200+ participants – commercial and technical top managers of key companies in the O&G sector of Türkiye and the Black Sea countries as well as representatives of regulatory authorities, technological and engineering companies
15+ O&G production and exploration investment projects under planning, construction, expansion, and modernisation with a development timeframe 2022-2026 in the Black Sea
50+ industry leaders and experts will discuss the main challenges impacting the O&G industry development in Türkiye and the Black Sea countries
Strategic opening session: Türkiye, Romania, Bulgaria, Ukraine, and Georgia - action plan before 2030 – government cooperation, investments, and strategies of O&G facilities in these countries
Updates and presentation of the most promising O&G projects in the Black Sea countries: implementation and enhancement of investment projects
Round Table with top management and CFOs dedicated to financial support of the O&G industry of the region
Case studies of oil, gas, and LNG transportation and storage
Current challenges of the downstream industry: the potential of refining and petrochemical plants, outlooks, and development plans
Improvement factor for the geological exploration in the Black Sea area: evaluation of hydrocarbon offshore fields and discussion of technical challenges
30+ hours of business and informal networking. Prescheduled one-to-one meetings, welcome cocktail, business lunches, coffee breaks, interactive discussions, and a lot more
Overview of the industry status and prospects for the development of the oil and gas industry in the region
Major investment projects of the oil and gas industry in the region
Facts and Figures
Facts and figures of the industry, congress programme highlights, and a lot more about the congress