The largest oil supplier via CPC, Chevron-led Tengizchevroil (TCO), said its loadings via the route were “currently uninterrupted.” TCO lowered output on its Tengiz oil field in August due to planned maintenance, which is scheduled to finish in September.
Caspian Pipeline Consortium (CPC), which handles about 1% of global oil and whose largest shareholder is Russian pipeline firm Transneft, said exports from two of its three mooring points at a Black Sea terminal had been suspended.
The project by Black Sea Oil & Gas (BSOG), controlled by U.S. private equity firm Carlyle Group LP, is Romania’s first offshore Black Sea development in three decades.
Several Wolfcamp Shale discoveries by Pioneer in the Midland Basin and Devon in the Delaware, plus Marcellus well completions by the recently merged Coterra Energy and a giant gas find in the Black Sea top this week’s oil and gas drilling activity highlights from around the world.
The Sakarya offshore greenfield represents the largest gas reserve ever discovered in Turkey. The subsea development will be located approximately 100 nautical miles into the Black Sea.
If the gas can be commercially extracted, the discovery could transform Turkey’s dependence on Russia, Iran and Azerbaijan for energy.
Turkey has discovered 135 billion cubic meters (Bcm) of additional natural gas in the southern Black Sea, President Tayyip Erdogan said on June 4, raising the total discovery in the region to 540 Bcm.
MagniSphere service delivers real-time reservoir evaluation data to improve drilling performance and optimize well placement for maximized production
The exploration of the Black Sea Neptun block is a joint venture between OMV’s Romanian subsidiary Petrom and U.S. major Exxon Mobil Corp., and includes the first deepwater exploration well in Romanian waters.