Asset report

Turkey Black Sea exploration basin

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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.

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

Table of contents

Tables and charts

This report includes 24 images and tables including:


  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration wells by play
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Exploration and appraisal spend
  • Economic analysis: Image 1
  • Economic analysis: Image 2
  • Commerciality index
  • Economic analysis: Image 3
  • Economic analysis: Image 4


  • Key play data
  • Assumptions
  • Price assumptions
  • Key play characteristics
  • Summary of discovery and development costs
  • Tertiary Deepwater
  • Typical fiscal terms
  • Expected monetary value (EMV)
  • Full-cycle economic analysis
  • Frontier methodology parameters
  • Key play data

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