Asset Report

Turkey Black Sea exploration basin

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01 March 2016

Turkey Black Sea exploration basin

Report summary

The Turkish sector of the Black Sea basin is a deepwater, frontier exploration province. Just 10 deepwater wells have been completed in the basin, all of which have been dry despite the success in the neighbouring Romanian Black Sea. Huge uncertainty therefore remains over the hydrocarbon potential of the basin as explorers are still seeking a working continuation of the play in Turkish waters. There are numerous challenges in the basin, including deep to ultra-deepwater, limited offshore infrastructure, and difficulty in mobilising equipment to the land-locked basin through the busy Bosphorus Strait.

Table of contents

Tables and charts

This report includes 24 images and tables including:

  • Key play data
  • Assumptions
  • Price assumptions
  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Key play characteristics
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Summary of discovery and development costs
  • Exploration and appraisal spend
  • Economic analysis: Image 1
  • Economic analysis: Image 2
  • Commerciality index
  • Tertiary Deepwater
  • Typical fiscal terms
  • Economic analysis: Image 3
  • Economic analysis: Image 4
  • Expected monetary value (EMV)
  • Full-cycle economic analysis
  • Frontier methodology parameters
  • Key play data

What's included

This report contains:

  • Document

    Turkey Black

    ZIP 1.75 MB

  • Document

    Turkey Black Sea exploration basin

    PDF 654.59 KB

  • Document

    Turkey Black Sea exploration basin

    ZIP 2.36 MB