TR Oil & Gas Exploration Update & Discussion

[KKF 2.0]

Producing Hydrogen from coal seems redundant. The reason why most countries want to move to (green) hydrogen is less CO2.

They are doing studies and experimentation, I don't think they will burn coal in the process. If they manage to make it cleanly it would be fantastic.

Wind-powered hydrogen production plant commissioned in Germany

Salzgitter AG, subsidiary Avacon and Linde have announced commissioning of the "Wind Hydrogen Salzgitter - WindH2" project, which will use wind energy to produce hydrogen. This project is the only…

www.renewableenergyworld.com

 

[Cypro]

Hydrogen cannot be found naturally so it can only be produced by consuming energy, why on the earth someone wants to spend energy to extract hydrogen from NG? I understand coal, which is extremely dirty energy source, but NG is not so dirty and considering energy spend to turn it into hydrogen, this simply not feasible or not worth it. If you have very much renewable energy production like Germany, you would store your energy as hydrogen by using water or methane from waste or biogas (Ready and easy available things not mined resources like coal). Turning natural gas or coal to hydrogen is illogical or spending more energy to convert it. And producing hydrogen to put into natural gas is also a illogical while you are still producing energy with coal on the other side, may be an investment for future but if you are after cleaner energy you would lower your coal footprint first, then show off with hydrogen. Hydrogen is like batteries, nothing more. Moreover it is not a fairytale, it requires so much infrastructure and security to store it, driving a hydrogen car without extreme security is like driving a bomb. So storing and producing costs make hydrogen an expensive intermediary that only rich countries can afford. Thermodynamics and laws of physics should be teached to every children.

Greenpeace International 🌍 on Instagram: "What goes in coal power plants doesn't stay in coal power plants (or even stay near coal power plants). . This graphic air pollution modelling in Turkey reveals the problems coal-fired power plants pose — not

23K likes, 231 comments - greenpeace on May 29, 2021: "What goes in coal power plants doesn't stay in coal power plants (or even stay near coal power plants). . This graphic air pollution modelling in Turkey reveals the problems coal-fired power plants pose — not only locally, but all over the...

www.instagram.com

What goes in coal power plants doesn't stay in coal power plants (or even stay near coal power plants). This graphic air pollution modelling in Turkey... | By Greenpeace International | Facebook

What goes in coal power plants doesn't stay in coal power plants (or even stay near coal power plants). This graphic air pollution modelling in Turkey...

fb.watch

 

[Test7]

Turkey turns to U.S. firms as plans Black Sea gas extraction, official says​

Ankara has so far insisted it would develop the estimated 540 billion cubic meters field, its biggest-ever discovery and among the world’s largest last year, on its own.

Any formal work with U.S. companies would, therefore, mark a shift in the Black Sea, where Russia also has claims. Turkish exploration in the Mediterranean has raised tension with the European Union and the United States over offshore rights.

If the gas can be commercially extracted, the discovery could transform Turkey’s dependence on Russia, Iran and Azerbaijan for energy. President Tayyip Erdogan has said his country was determined ultimately to become a net exporter.

Erdogan is set for his first meeting on Monday with U.S. President Joe Biden since last year’s election. Energy cooperation could help ease rifts between the NATO allies, including over Turkey’s purchase of Russian missiles.


The Turkish official, speaking on condition of anonymity, said that until now the government had been cool to foreign corporate interest in the gas discovery unveiled in August.

“But now ... Exxon Mobil and Chevron have met with Turkish Petroleum and received data regarding the discovery,” the official said, with reference to Turkey’s state oil company.

The energy ministry declined to comment on Friday.

A spokesperson said Chevron’s policy was not to comment on commercial matters. An Exxon Mobil spokesperson declined to comment.
“The two companies reviewed the technical data and decided to give more time to work in this field together,” the official said.

Turkey plans to begin pumping gas from the southwest Black Sea field in 2023, but must first build the offshore pipeline network and processing facilities. The field is expected to reach sustained peak production from 2027.

MORE EXPECTED​

Erdogan has twice raised the estimate of gas found, saying last week an extra 135 bcm was in the Sakarya field, bringing the total to 540 bcm.


Turkey’s energy exploration team has a good grasp of the geological structure of the field and “is much surer than before that there will be more (gas) discoveries,” Energy Minister Fatih Donmez told a panel this week.

The official said Turkey believes there is “much more” gas in the Black Sea. “Cooperation can be established and an agreement could be reached” with the U.S. companies as work there and in the eastern Mediterranean Sea continues, he said.

“Turkish Petroleum has to join a consortium to develop the field for technical and financial reasons, while geopolitics is a major factor in which company it actually chooses,” said John Bowlus, researcher at Kadir Has University in Istanbul.

Cooperation with Chevron makes sense given its involvement in Israeli offshore gas development, he added.

And Exxon “always seemed likely” given it operates a Romanian block in the Black Sea, adjacent to Turkish waters and near the Sakarya field, Bowlus said.

Turkey turns to U.S. firms as plans Black Sea gas extraction, official says

Turkey has shared data on its Black Sea discovery with U.S. energy majors Chevron and Exxon Mobil ahead of possible cooperation in extracting the gas, a Turkish official with knowledge of the matter told Reuters.

www.reuters.com

 

[Saithan]

I thought we were going to bring it out ourselves. Guess certain someone starting with R needs to curry favours with US....

Why not BP in exchange for RR engine blueprints.

 

[Anmdt]

I thought we were going to bring it out ourselves. Guess certain someone starting with R needs to curry favours with US....

Why not BP in exchange for RR engine blueprints.

Probably we can't, we have got the drillships and research ships but extracting is some other kind of job.
It is a good sign if a foreigner company interested in extracting it, that means it is something profitable, something which worths to settle in for a mid-term contract.

 

[comolokko]

Probably we can't, we have got the drillships and research ships but extracting is some other kind of job.
It is a good sign if a foreigner company interested in extracting it, that means it is something profitable, something which worths to settle in for a mid-term contract.

I think this is a political bribe to reduce tensions between the two countries. technical support could be obtained from azerbaijan.

 

[kimov]

Turkey turns to U.S. firms as plans Black Sea gas extraction, official says​

View attachment 22676

Ankara has so far insisted it would develop the estimated 540 billion cubic meters field, its biggest-ever discovery and among the world’s largest last year, on its own.

Any formal work with U.S. companies would, therefore, mark a shift in the Black Sea, where Russia also has claims. Turkish exploration in the Mediterranean has raised tension with the European Union and the United States over offshore rights.

If the gas can be commercially extracted, the discovery could transform Turkey’s dependence on Russia, Iran and Azerbaijan for energy. President Tayyip Erdogan has said his country was determined ultimately to become a net exporter.

Erdogan is set for his first meeting on Monday with U.S. President Joe Biden since last year’s election. Energy cooperation could help ease rifts between the NATO allies, including over Turkey’s purchase of Russian missiles.


The Turkish official, speaking on condition of anonymity, said that until now the government had been cool to foreign corporate interest in the gas discovery unveiled in August.

“But now ... Exxon Mobil and Chevron have met with Turkish Petroleum and received data regarding the discovery,” the official said, with reference to Turkey’s state oil company.

The energy ministry declined to comment on Friday.

A spokesperson said Chevron’s policy was not to comment on commercial matters. An Exxon Mobil spokesperson declined to comment.
“The two companies reviewed the technical data and decided to give more time to work in this field together,” the official said.

Turkey plans to begin pumping gas from the southwest Black Sea field in 2023, but must first build the offshore pipeline network and processing facilities. The field is expected to reach sustained peak production from 2027.

MORE EXPECTED​

Erdogan has twice raised the estimate of gas found, saying last week an extra 135 bcm was in the Sakarya field, bringing the total to 540 bcm.


Turkey’s energy exploration team has a good grasp of the geological structure of the field and “is much surer than before that there will be more (gas) discoveries,” Energy Minister Fatih Donmez told a panel this week.

The official said Turkey believes there is “much more” gas in the Black Sea. “Cooperation can be established and an agreement could be reached” with the U.S. companies as work there and in the eastern Mediterranean Sea continues, he said.

“Turkish Petroleum has to join a consortium to develop the field for technical and financial reasons, while geopolitics is a major factor in which company it actually chooses,” said John Bowlus, researcher at Kadir Has University in Istanbul.

Cooperation with Chevron makes sense given its involvement in Israeli offshore gas development, he added.

And Exxon “always seemed likely” given it operates a Romanian block in the Black Sea, adjacent to Turkish waters and near the Sakarya field, Bowlus said.

Turkey turns to U.S. firms as plans Black Sea gas extraction, official says

Turkey has shared data on its Black Sea discovery with U.S. energy majors Chevron and Exxon Mobil ahead of possible cooperation in extracting the gas, a Turkish official with knowledge of the matter told Reuters.

www.reuters.com

Personnaly, I would leave the gas/oil in the ground until we could extract it ourself. Using an american company after so much trash from them is an insult to all Turks.

 

[Ryder]

Personnaly, I would leave the gas/oil in the ground until we could extract it ourself. Using an american company after so much trash from them is an insult to all Turks.

Money rules the day as the trash talking is all a show.

 

[Turko]

Probably we can't, we have got the drillships and research ships but extracting is some other kind of job.
It is a good sign if a foreigner company interested in extracting it, that means it is something profitable, something which worths to settle in for a mid-term contract.

I read in ekşisözlük that
" we need offshore drilling rig that we don't have.
The problem is all rigs in the world are busy , fulfilling their contracts for 5 years. So until 2026 it isn't possible to rent any rig unless we make own rig."
Does This comment have some facts?

(*Still nobody knows expenses of drilling or construction of new rig)

 

[comolokko]

I read in ekşisözlük that
" we need offshore drilling rig that we don't have.
The problem is all rigs in the world are busy , fulfilling their contracts for 5 years. So until 2026 it isn't possible to rent any rig unless we make own rig."
Does This comment have some facts?

(*Still nobody knows expenses of drilling or construction of new rig)

ekşisözlük makes cheap peasant gossip. there is no equipment you can't get when you give money. there are hundreds of companies like this. it is political bribery for Turkey to transfer this job to exxon. the rest is excuse and manipulation

 

[TheInsider]

If that happens It means suicide for AKP, even the staunch voters won't vote for Erdogan after that.

 

[Huelague]

ekşisözlük makes fake peasant gossip. there is no equipment you can't get when you give money. there are hundreds of companies like this. it is political bribery for Turkey to transfer this job to exxon. the rest is excuse and manipulation

You can buy all equipments, but not able to use it. We have no experience.

 

[TheInsider]

There are other companies like Petrobras. I think the Reuters article is fishy it gives the name of Exxon. It seems like someone is trying to convey the message if you give that area to Exxon then things might get calmer.

 

[Anmdt]

there is no equipment you can't get when you give money

The question is how much?
You can pay enough and get a fresh one as well, for a billion excluding operational costs.

 

[comolokko]

The question is how much?
You can pay enough and get a fresh one as well, for a billion excluding operational costs.

$1 billion would be a cheap experience expense for a long-term and profitable investment.

note:
the initial value of such platforms is around $200 million. their average price is 650 million dollars. source

 

[Anmdt]

$1 billion would be a cheap experience expense for a long-term and profitable investment.

note:
the initial value of such platforms is around $200 million. their average price is 650 million dollars. source

Black sea is deeper and harsher than you may guess.
I suggest you to read the post you have given the link:

The average cost for offshore rigs can be as much as 15 to 20 times greater than the average cost for land rigs. The least-expensive offshore rigs typically cost nearly $200 million. The average price for offshore oil-drilling rigs is approximately $650 million.


Rigs vary in price according to, among other things, the depth to which they are designed to drill, and in the case of offshore rigs, the depth of water in which they are designed to operate. It typically costs more to dig deeper and extract the oil.

It is the cost of the rig, first installment, operation costs something else.
Then another costs come in, to mount and fix the platform on the site with mooring lines. add another multi hundred millions for first costs.

Day rates, which represent the daily costs of renting a drilling rig, are often used when calculating rental costs of drilling rigs. In this arrangement, the drilling contractor provides the rig, the personnel, and other incidentals, while the operator of a drilling project pays a daily rate for the services and equipment. The daily rate is typically a flat fee per contract, so the day rate is computed by dividing the total value of the contract by the number of days anticipated to complete the project.


Following the oil crisis that began in 2014, offshore rig firms believed that a recovery on the rig rental market was taking place in 2018 due to increased demand, with average prices projected to rise above $200,000 per day.

A project i worked on costed 2, it was a niche platform of its own kind.

 

[Cypro]

I read in ekşisözlük that
" we need offshore drilling rig that we don't have.
The problem is all rigs in the world are busy , fulfilling their contracts for 5 years. So until 2026 it isn't possible to rent any rig unless we make own rig."
Does This comment have some facts?

(*Still nobody knows expenses of drilling or construction of new rig)

Actually opposite, many rigs are idle recently, some companies bankrupt. SpaceX just bought 2 of them to turn launch pads and paid 2.5 million for one of them (normally costs $500m). Second Hand can be found or rented.. Also Fatih Altaylı wrote about this as you may know. I don't think it is the rig but rather expertise and experience (also might be question of funding the whole operation) They might be just trying to get quotes to evaluate, If Turkey wants to extract herself, it might take several years to develop required experience and cost more than hiring one of these.

 

[KKF 2.0]

If that happens It means suicide for AKP, even the staunch voters won't vote for Erdogan after that.

Don't be so sure about that. AKP has survived many suicide attempts during the last two decades. On top of that, anything that brings us closer to extract the gas from the Black Sea area is welcome in my book. There's a reason why Bulgaria and Romania are unable to benefit from their discoveries even though the estimated amount is huge in both cases. The Black Sea and its geological formation is particularly difficult, thus, you need know how and money for investment. Plus, whatever gives us leverage in Washington is a bonus.

 

[Saithan]

Back in 2009 a drilling rig cost 200k usd per day then add to that operational cost. In North Sea that is.

I think it would be good to have our own 2nd hand rig, it only if we have proper crew for it. And we should make sure more ppl gains knowledge and not suffice with the few bunch.

because offshore work could utilize Turkeys coastal potential, e.g. windmills etc.

 

[Quasar]

Considering the fact that we are surrounded with 3 seas and with having a concept of ''Blue Homeland'' , the issue is not just about Black sea. And concerning the experience since this deep sea drilling should be not an alien technology we have to learn and master it with or without any help sure it will be a time and money consuming procces. Till then let the resources stay where they are. Last time I checked we are a nation who is claming to build a 5 gen fighter with its engine guess we may have chance to learn this deep sea drilling thing. Ok I know I sound like a damn politican but you know we have no other choice. Like in 1935 Atatürk established ETİ, logic is simple if you have resources, extarct it yourselfe.