Country report
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34 Pages

Turkey upstream summary

Turkey upstream summary

Report summary

Turkey produces only small quantities of oil and gas. The majority of the country's oil is produced from South East Turkey, while gas comes from the Thrace Basin in the northwest. Hydrocarbon production began in 1935. Oil production peaked in 1990 while gas production peaked in 2008. Compared to its neighbours, the reserves per field in Turkey are often small and field development, although economic, offers relatively low project values.With limited domestic production, Turkey is ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.77 MB 34 Pages, 9 Tables, 7 Figures
  • Country Overview XLS - 340.00 KB


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
      • Petroleum Provinces
    • Fold and thrust belts
    • Syn-Orogenic basins
      • The Southeast Turkey Basin
      • The Thrace Basin
      • Central Turkey Basins
    • Post-Orogenic (neogene) basins
      • Adana Basin
      • Antalaya Basin
    • Black sea basins
  • Exploration
    • Drilling
      • Drilling activity
      • Onshore
      • Offshore
      • Success rates
      • Exploration outlook
  • Reserves and resources
  • Production
    • Oil production
      • Historical Oil Production
      • Future Oil Production
    • Gas
      • Historic Gas Production
      • Future Gas Production
  • Infrastructure
    • Introduction
    • Oil infrastructure
      • Batman - Dörtyol Pipeline
      • Selmo - Batman Pipeline
      • Ceyhan - Kirikkale
      • Baku-Tbilisi-Ceyhan Pipeline
      • Iraq - Turkey Pipeline
    • Gas infrastructure
      • Russian Federation - Turkey Main Trunkline
      • Northern Anatolian line
      • Aegean Spur
      • Tabriz - Ankara pipeline
      • Blue Stream
      • South Caucasus Pipeline
      • Marmara Ereglisi LNG Terminal
      • Izmir Aliaga LNG Terminal
      • Gas Storage
    • Infrastructure under development
      • TANAP
      • TAP
    • Proposed Infrastructure
      • Iraq-Turkey Pipeline
      • Egypt-Turkey Pipeline
      • Nabucco (now cancelled)
      • ITGI (now cancelled)
  • Policy and regulation
    • Key legislation
      • Market Reforms
    • Regulatory body
    • State oil company
    • Licensing
      • Licensing Districts
      • Prospecting Permits
      • Onshore Exploration Licences
      • Offshore Exploration Licences
      • Exploitation Lease
  • Fiscal terms
    • Overview
    • Current fiscal terms
    • Concessions
      • Bonuses, rentals and fees
      • Indirect taxes
      • Royalty and other production taxes
      • Product Pricing
      • Corporate (or Petroleum) Income Tax
      • Sample Cash Flow
    • Historical background

In this report there are 16 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
  • Geology
    • Main Sedimentary Basins in Turkey
  • Exploration
    • Exploration Drilling
  • Reserves and resources
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production
    • Production: Table 3
    • Production: Table 4
    • Gas Production
  • Infrastructure
    • Infrastructure: Table 1
    • Turkey Oil Infrastructure Map
    • Infrastructure: Table 2
    • Turkey Gas Infrastructure Map
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
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