Turkey will begin seismic exploration of oil
and natural gas resources in the Mediterranean and the Black Sea this year,
Energy and Natural Resources Minister Berat Albayrak said.
"We will take steps this year towards
exploring and drilling in the Black Sea and the Mediterranean Sea," the
minister told Anadolu Agency at the IHS CERAWeek 2017 energy conference in Houston.
"After our first seismic exploration
vessel Barbaros Hayrettin Pasa, our second vessel will actively conduct 2-D and
3-D seismic exploration in both of our seas," he added.Barbaros Hayrettin
Pasa explored oil and natural gas resources two years ago off the coast of the
Cyprus Island, but its activities were interrupted in March 2015 when tensions
rose between the Greek Cypriot administration and the Turkish Cypriot
government over ownership of the resources.
The Turkish Republic of Northern Cyprus has
since stated that the resources of the island belong to both
communities.Albayrak emphasized that more than 60 percent of the world's oil
and natural gas resources are in the region of Turkey, and that the country is
entering a new era to realize new investments by taking significant steps in
the energy sector.
"With the responsibility of being the most
stable and strongest country in the region; Turkey, which is surrounded by rich
energy resources, will continue to work decisively and intensively in the
forthcoming period," he said.
Albayrak underlined that Turkey has made
significant investments in recent years on natural gas storage and in the
diversification of energy sources, and noted that the Turkish Energy Ministry
has recently accelerated oil and gas exploration