Turkey Set to Begin Drilling off Cyprus

Thursday, February 21, 2019

Turkey will begin drilling for oil and gas near Cyprus in coming days, state-owned news agency Anadolu reported Foreign Minister Mevlut Cavusoglu saying on Thursday, a move that could stoke tensions with neighboring Cyprus and Greece.

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

"In the coming days we will start drilling with two ships around Cyprus," Cavusoglu was quoted as saying in a speech to a business conference in western Turkey's Aydin province.

"Let those who come to the region from far away, and their companies, see that nothing can be done in that region without us. Nothing at all can be done in the Mediterranean without Turkey, we will not allow that," Cavusoglu said.

Turkey launched its first drillship "Fatih" in October to drill off the coast of Turkey's southern Antalya province. It said a second ship that it purchased would operate in the Black Sea, but was diverted to the Cyprus area.

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.

The island was divided 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, with Greek Cypriots saying the matter is not up for discussion. 


(Reporting by Sarah Dadouch and Daren Butler; Editing by David Holmes)

Categories: Offshore Energy Drilling Activity Europe Exploration

Related Stories

From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced

Oil Surges 3% on Renewed US-Iran Strikes

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

Valeura Concludes Nong Yao Drilling Ops, Boosts Gulf of Thailand Production

IEA Expects Gradual Hormuz Recovery, Oversupplied Market in 2027

SBM Offshore to Sell 45% Stake in Mexico-Bound FSO to NYK

Conrad Secures Drilling Rig for Mako Gas Field off Indonesia

Azerbaijan’s Absheron Gas Project Advances with New Sales Agreement

BP to Boost Azerbaijan Portfolio with Babek Gas Field Operatorship Takeover

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Current News

From Fixtures to Values: Where the Jackup Recovery Is Already Being Priced

Eni and Petronas JV Extend Ventura Offshore’s Drilling Job in Indonesia

Dolphin Drilling’s Blackford Dolphin Secures More Work for Oil India

Oil Surges 3% on Renewed US-Iran Strikes

Offshore Vessel Pair Ordered from Grandweld Shipyard

ADNOC, XRG and Mitsui Broaden Energy Cooperation

Ruwais LNG Commitments Top 90% Capacity with New INPEX Deal

Saipem Lands $2B FPSO Deal for Offshore Gas Field in Indonesia

Oil Climbs on US-Iran Deal Uncertainty

Saudi Arabia Eyes Oil Pipeline Expansion to Red Sea

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