Page 8 - MEOG Week 16 2022

MEOG POLICY & SECURITY MEOG

Turkey grants tax cuts to

project to develop Sarakya

TURKEY TURKEY is to provide tax cuts to back a Turkish flow at around 1.2mcm per day.
lira (TRY) 145.1bn ($9.9bn) Turkish Petroleum First gas is expected to be delivered to pro-
(TPAO) project to develop the Sakarya natural cessing facilities at the port of Filyos on Turkey’s
gas field discovered in the Black Sea in 2020, northern Zonguldak coast during 2023.
according to an April 20 announcement in the TPAO has drilled six wells and is working
Official Gazette. on a seventh of a 10-well drilling campaign
Turkey is fully dependent on gas imports, designed to achieve a rate of 3.65bcm per year
mainly from Russia. The current boom in energy by 2023 and a further 30 wells will be drilled to
prices is a sore burden on the Turkish current reach an annual plateau of 15bcm by 2025. Cap-
account. ital expenditure of around $3.2bn is believed to
The Sakyra development project will be be required to achieve first gas.
exempted from customs tax, value-added tax In Q4 last year, TPAO awarded major con-
and some other taxes, according to a presidential tracts for the gas field development project
decree published in the Official Gazette. to international services firms. In October,
TPAO discovered 320bn cubic metres of gas US-based Schlumberger and Luxembourg-reg-
at the Tuna-1 well in August 2020 and this was istered Subsea 7 were awarded an EPCI contract
subsequently upgraded to 405bcm two months covering subsurface solutions to onshore pro-
later and renamed Sakarya. In June 2021, the duction. Italy’s Saipem was hired in November to
company announced that it had found another carry out transport and installation (T&I) work
135bcm with the Asmara-1 well, taking the total for 175km of pipelines to tie Sakarya back to the
volume discovered so far at Sakarya to 540bcm. Turkish mainland.
The company noted that the well flow tests are A week later UK-based Wood Group was
being carried out by its Kanuni drillship. brought in as integrated project management
In August, TPAO lit the first gas flare at consultant (PMC) for the first engineering, pro-
Sakarya and performed the first flow test at curement, construction and installation (EPCI)
Türkali-2. That well flowed at 0.623mcm per day, phase, covering EPI of the subsea production
less than the 0.75mcm per day recorded in July system, gas transport pipeline and umbilical,
during a test which suggested the reservoir could and the onshore processing facility in Filyos.™

P8 www. NEWSBASE .com Week 16 20•April•2022