Bloomberg News

Shell Starts Shale Gas Exploration in Southeast Turkey

September 05, 2012

Royal Dutch Shell Plc (RDSA) and Turkiye Petrolleri AO, Turkey’s state oil and gas company, started exploring for shale gas in the southeast of the country, Energy Minister Taner Yildiz said.

Exploration began last week in Diyarbakir’s Saribugday-1 field, Yildiz said in Ankara during a meeting with Shell’s Chief Executive Officer Peter Voser, according to the state-owned Anatolia news agency.

There may be 13 trillion cubic meters of shale gas reserves, 1.8 trillion cubic meters of which is recoverable, Ismail Bahtiyar, chairman of the Turkish Association of Petroleum Geologists, said April 20.

Shell, which signed an agreement last year with Turkiye Petrolleri for exploration in the Mediterranean, is also interested in hydrocarbon exploration in the Black Sea, Voser was quoted by the agency as saying.

Seismic work in the Mediterranean field, off Turkey’s resort cost town of Antalya, has begun, he said.

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editors responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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