Asset Report
Sakarya (Black Sea)
Report summary
TPAO, Türkiye (Turkey)'s state energy firm, operates the giant Sakarya gas field and other ultra-deepwater deposits in the Black Sea. The discoveries have been made since 2020. Sakarya is the biggest-ever hydrocarbon find in the Black Sea and the largest in Turkey's history. The project is of immense national importance for the country, which is hugely reliant on energy imports.Sakarya Phase One began production in April 2023 after a fast-tracked execution phase. First gas was ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
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Participation
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Corporate
- TPAO
- IOC interest
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Corporate
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Geology
- Petroleum play
- Well data
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Exploration
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Exploration drilling
- Sakarya
- Other discoveries
- Seismic studies
- Ongoing work programme
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Exploration drilling
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Reserves and resources
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Overview
- Modelling
- PRMS classifications
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Gas
- Reported data
- Modelling
- Upside
- Condensate
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Overview
-
Production
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Sakarya
- Overview
- Operator production plan
- Modelling
-
Other discoveries
- Overview
-
Sakarya
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Development
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Sakarya
- Overview
- Key development metrics
- Key dates
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Sakarya
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Infrastructure
-
Gas
- Pipeline tie-ins
-
Gas
-
Costs
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Capital costs
- Reported data
- Modelling
- Operating costs
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Capital costs
- Sales contracts
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Fiscal and regulatory
- Tax incentives
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Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Global Economic Model (GEM) files
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Economic analysis
- Cash flow
- Indicative valuations
Tables and charts
This report includes 27 images and tables including:
- Key facts: Table 1
- Index map
- Sakarya (Black Sea) map
- Well data: Table 1
- Well data: Table 2
- Exploration: Table 1
- Sales contracts: Table 1
- Geology: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Costs: Table 3
- Sakarya (commercial base case)
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Economic analysis: Table 4
- Participation: Table 1
- Production: Table 1
- Production: Table 2
- Sakarya production profile (base case outlook)
- Infrastructure: Table 1
- Costs: Table 1
- Costs: Table 2
What's included
This report contains:
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