Turkey to Begin Drilling Around Cyprus

Friday, January 25, 2019

Turkey will begin drilling for resources around Cyprus, Foreign Minister Mevlut Cavusoglu said on Friday, a move that could create tensions with neighboring Cyprus and Greece over ownership of natural resources.

Attempts to tap gas and oil in the eastern Mediterranean have caused friction between Athens and Ankara.

Turkey and the internationally recognized Greek Cypriot government in Cyprus have overlapping claims of jurisdiction for offshore oil and gas research in the eastern Mediterranean, a region thought to be rich in natural gas.

Turkey will start drilling around Cyprus because the Greek Cypriot government did not listen to Ankara's suggestions to ensure the rights of Turkish Cypriots, Cavusoglu said during an interview following a meeting with the Turkish Cypriot leader Mustafa Akinci.

"Our second platform is coming in February. We were going to send it to the Black Sea, now we are sending it to the Cyprus area," Cavusoglu said.

"Our drill ship Fatih is currently in the Alanya-1 area, its work there will be done in March. We are shifting that to the south too," he added.

He did not specify whether Turkey would drill for oil or natural gas.

Turkey launched its first drill ship Fatih in October to drill off the coast of Turkey's southern Antalya province and had said a second ship that it purchased would operate in the Black Sea.

Breakaway north Cyprus, which is supported by Turkey, says any offshore wealth also belongs to them, as partners in the establishment of the Republic of Cyprus in 1960.

Greek Cypriots, who run the island's internationally recognized government, say any future benefits of gas finds will eventually be shared by all Cypriots.

Cavusoglu said Ankara would not be satisfied by such statements.

The island was split in 1974 after a Turkish invasion triggered by a brief Greek-inspired coup. Countless peacemaking endeavors have failed, and offshore wealth has increasingly complicated peace negotiations even though Greek Cypriots say that matter is not up for discussion.


(Reporting by Ali Kucukgocmen)

Categories: Middle East Offshore Energy Drilling Government

Related Stories

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

Saipem Cuts Earnings Outlook as Middle East Costs Rise

Energean Lifts Karish Fields FPSO Oil Processing Capacity

ADNOC Approves $6.2B Offshore Umm Shaif Gas Project

Velesto Frees Up Drilling Rig After Early Contract Termination off Indonesia

Hormuz Crossings Decline as US Renews Iran Blockade

Oil Surges to Four-Week High as US-Iran Trade Blows

Oil Jumps 3% on Renewed US-Iran Conflict

Hormuz Standoff Risks Chronic Instability for Gulf Oil Flows

Current News

ConocoPhillips, CNOOC Put Penglai Field off China Into Full Operation

Mermaid Maritime Expands Into US Offshore Market

ONGC Nears Venezuela Operatorship Deals, Regains Russia’s Sakhalin-1 Stake

Fugro Secures India Deepwater Drilling ROV Contract

Vantris Energy Secures Petronas’ Offshore Drilling Work Orders

ADNOC, SLB Roll Out AI Platform Across More Than 120 Drilling Rigs

Oil Rises as Uncertainty Clouds US-Iran Peace Talks

India’s ONGC to Allocate Half of New Oil Storage to Strategic Reserves

Subsea7 Lands ‘Sizeable’ Contract for Work Offshore Brunei

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com