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TURKEY - BP Gas Field.

In early May 1997, TPAO and Arco (now part of BP) announced the discovery of a major offshore field of non-associated gas in the Akcakoca-Igneada region. This is in the south-western part of the Black Sea, where the area is gas-prone. BP is the operator with a 49% stake in a JV with TPAO, which holds 51%.

The field, so far proven to be the second biggest in Turkey next to Marmara Kuzey, is relatively close to the Turkish coast. It is 80 km north of the Bosphorous. The first well was developed by Arco and put on stream in the second half of 1998. The field's recoverable reserves have been estimated at 95 BCM. Its production capacity is around 45 MCM/y. The gas is supplied to nearby markets in north-western Turkey.
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Publication:APS Review Gas Market Trends
Date:May 1, 2006
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