Abstract
Turkey Oil and Gas Exploration and Production Industry Investment
Opportunities, Analysis and Forecasts of All Active and Planned Exploration
Blocks and Oil and Gas Fields to 2012
Summary
This profile is the essential source for top-level industry data and
information relating to the Exploration and Production industry in Turkey. It
provides asset level information relating to the active and planned oil and
gas fields and exploration blocks in Turkey. The profiles of the major
companies operating in the upstream industry of Turkey are also included in
the report. The latest news and deals pertaining to the sector are also
provided and analyzed.
Scope
・ Updated information relating to all active and planned exploration
blocks.
・ Provides historical and forecast data and information for all
the major operating and planned crude oil and natural gas fields.
・
Details operators and equity partners of oil and gas fields and exploration
blocks.
・ Includes information relating to license round details, start
and end dates, acreage, location, and reserves.
・ Information on the top
companies in the sector including business description, strategic analysis,
and financial information.
・ Product and brand updates, strategy changes,
R&D projects, corporate expansions and contractions and regulatory
changes.
・ Key mergers and acquisitions, partnerships, private equity
investments and IPOs.
Reasons to buy
・ Obtain the most up to date information available on exploration licenses and
oil and gas fields.
・ Identify growth markets and opportunities in the
industry.
・ Facilitate market analysis and forecasting of future industry
trends.
・ Facilitate decision making on the basis of strong historic and
forecast data data.
・ Assess your competitor' s exploration and production
asset portfolio.
・ Understand and respond to your competitors business
structure, strategy and prospects.
・ Develop strategies based on the
latest operational, financial, and regulatory events.
・ Do deals with an
understanding of how competitors are financed, and the mergers and
partnerships that have shaped the market.
・ Identify and analyze the
strengths and weaknesses of the leading companies.
Table of Contents
1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 9
2
Introduction 10
2.1 What Is This Report About? 10
2.2 How To Use This
Report 10
2.3 Market Definition 10
3 Turkey, Country Snapshot 11
3.1 Turkey, Key Data 11
3.2 Turkey, Exploration And Production Assets Map
12
3.3 Turkey, Crude Oil & Natural Gas Reserves 13
4 Turkey, Crude Oil
And Natural Gas Production 15
4.1 Turkey, Historical Crude Oil Production
15
4.2 Turkey, Historical Natural Gas Production 16
4.3 Turkey, Crude
Oil And Natural Gas Producing Asset Details 17
4.4 Turkey, Crude Oil
Production Assets by Area 17
4.5 Turkey, Natural Gas Production Assets by
Area 18
4.6 Turkey, Crude Oil Production by Company 18
4.7 Turkey,
Natural Gas Production by Company 18
5 Turkey, Crude Oil And Natural Gas
Forecasts 19
5.1 Turkey, Forecasted Crude Oil Production 19
5.2
Turkey, Forecasted Natural Gas Production 19
6 Turkey, Exploration Block
Details 20
6.1 Turkey, Total Number of Active Exploration Blocks 20
6.2 Turkey, Total Number of Active Exploration Blocks by Company 21
6.3
Turkey, Exploration Blocks Details 22
6.4 Turkey, Planned Exploration
Blocks Details 25
7 British Petroleum Plc 26
7.1 British Petroleum
Plc, Key Information 26
7.2 British Petroleum Plc, Company Overview 26
7.3 British Petroleum Plc, Business Description 26
7.3.1 British Petroleum
Plc, Business Description, Business Overview 26
7.3.2 British Petroleum
Plc, Business Description, Exploration and Production 27
7.3.3 British
Petroleum Plc, Business Description, Gas, Power and Renewables 28
7.3.4
British Petroleum Plc, Business Description, Refining and Marketing 30
7.3.5 British Petroleum Plc, Business Description, Major Products and Services
31
7.4 British Petroleum Plc, Value Chain Analysis 33
7.4.1 British
Petroleum Plc, Value Chain Analysis, Upstream 33
7.4.2 British Petroleum
Plc, Value Chain Analysis, Midstream 34
7.4.3 British Petroleum Plc, Value
Chain Analysis, Downstream 35
7.4.4 British Petroleum Plc, Value Chain
Analysis, Retail 36
7.5 British Petroleum Plc, SWOT Analysis 37
7.5.1
British Petroleum Plc, SWOT Analysis, Overview 37
7.5.2 British Petroleum
Plc, SWOT Analysis, British Petroleum Plc Strengths 37
7.5.3 British
Petroleum Plc, SWOT Analysis, British Petroleum Plc Weaknesses 38
7.5.4
British Petroleum Plc, SWOT Analysis, British Petroleum Plc Opportunities
39
7.5.5 British Petroleum Plc, SWOT Analysis, British Petroleum Plc
Threats 40
7.6 British Petroleum Plc, Revenue Analysis 41
7.6.1
British Petroleum Plc, Revenue Analysis, Revenue by Segment 41
7.6.2
British Petroleum Plc, Revenue Analysis, Revenue by Geography 42
7.7
British Petroleum Plc, Financial and Operational Review 43
7.7.1 British
Petroleum Plc, Financial and Operational Review, Financial Statements 43
7.7.2 British Petroleum Plc, Financial and Operational Review, Financial
Ratios 44
7.8 British Petroleum Plc, Operational Indicators 45
8
Petroleo Brasileiro S.A. 46
8.1 Petroleo Brasileiro S.A., Key Information
46
8.2 Petroleo Brasileiro S.A., Company Overview 46
8.3 Petroleo
Brasileiro S.A., Business Description 46
8.3.1 Petroleo Brasileiro S.A.,
Business Description, Business Overview 46
8.3.2 Petroleo Brasileiro S.A.,
Business Description, Distribution 47
8.3.3 Petroleo Brasileiro S.A.,
Business Description, Exploration and Production 47
8.3.4 Petroleo
Brasileiro S.A., Business Description, Gas and Energy 49
8.3.5 Petroleo
Brasileiro S.A., Business Description, International 50
8.3.6 Petroleo
Brasileiro S.A., Business Description, Supply 51
8.3.7 Petroleo Brasileiro
S.A., Business Description, Major Products and Services 53
8.4 Petroleo
Brasileiro S.A., Value Chain Analysis 55
8.4.1 Petroleo Brasileiro S.A.,
Value Chain Analysis, Upstream 55
8.4.2 Petroleo Brasileiro S.A., Value
Chain Analysis, Midstream 57
8.4.3 Petroleo Brasileiro S.A., Value Chain
Analysis, Downstream 57
8.4.4 Petroleo Brasileiro S.A., Value Chain
Analysis, Retail 58
8.5 Petroleo Brasileiro S.A., SWOT Analysis 58
8.5.1 Petroleo Brasileiro S.A., SWOT Analysis, Overview 58
8.5.2 Petroleo
Brasileiro S.A., SWOT Analysis, Strengths 59
8.5.3 Petroleo Brasileiro
S.A., SWOT Analysis, Weaknesses 60
8.5.4 Petroleo Brasileiro S.A., SWOT
Analysis, Opportunities 61
8.5.5 Petroleo Brasileiro S.A., SWOT Analysis,
Threats 62
8.6 Petroleo Brasileiro S.A., Revenue Analysis 62
8.6.1
Petroleo Brasileiro S.A., Revenue Analysis, Revenue by Segment 62
8.6.2
Petroleo Brasileiro S.A., Revenue Analysis, Revenue by Geography 63
8.7
Petroleo Brasileiro S.A., Financial and Operational Review 64
8.7.1
Petroleo Brasileiro S.A., Financial and Operational Review, Financial
Statements 64
8.7.2 Petroleo Brasileiro S.A., Financial and Operational
Review, Financial Ratios 65
8.8 Petroleo Brasileiro S.A., Operational
Indicators 66
9 Turkey Exploration and Production Industry, Financial
Deals Landscape 67
9.1 Partnership 67
9.1.1 Turcas Set Up Joint
Venture With State Oil Company of Azerbaijan 67
9.2 Asset Transactions
68
9.2.1 TransAtlantic Petroleum Farms Out Turkey Exploration Licenses
68
9.2.2 JKX Oil & Gas Acquires 20% Interest In Two Exploration Licences
In Bismil South From Arar Petrol Ve Gaz Aup 69
9.2.3 TransAtlantic
Petroleum Announces Farmout Of Turkey Exploration License 70
9.2.4
Incremental Petroleum Acquires Interest In The Edirne, Catalca And Ortakoy
Licenses From Otto 71
9.2.5 Toreador Resources Enters Into Letter Of
Intent To Sell 26.75% Interest In The South Akcakoca Sub-Basin 73
10
Turkey Exploration and Production Industry, Recent Developments 75
10.1
License Awards 75
10.1.1 May 23, 2008: Incremental Receives Eight
Exploration Licenses In Central Turkey 75
10.1.2 Mar 31, 2008:
TransAtlantic Announces Farmout Of Turkey Exploration Licenses 75
10.1.3
Jan 10, 2008: JKX Farms Into Two Exploration Licenses In Turkey 76
10.1.4
Oct 09, 2007: TransAtlantic Announces Farmout Of Turkey Exploration License
76
10.2 Strategy and Business Expansion 77
10.2.1 Aug 01, 2008: Zion
And AME To Defer Signing Drilling Contract By One Month 77
10.2.2 May 17,
2008: TPAO To Expand Its Exploration In The Eastern Mediterranean Sea 77
10.2.3 Apr 21, 2008: TPAO To Cooperate On Oil Exploration In Iraq 78
10.3
Recent Discoveries 78
10.3.1 Jul 04, 2008: Otto Energy And Incremental
Encounter Gas At Arpaci 2A Appraisal Well, Western Turkey 78
10.3.2 May
01, 2008: Otto Energy Makes Sixth Gas Discovery In Turkey 79
10.3.3 Apr
15, 2008: Incremental Discovers Gas In Kuzey Arpaci 1 Well 79
10.3.4 Apr
04, 2008: Incremental Discovers Gas In First Well Of Edirne Drilling, Turkey
80
10.3.5 Nov 14, 2007: BP Announces Gas Discovery In Shah Deniz Field
80
10.3.6 Nov 01, 2007: Toreador Discovers Gas At Bati Eskikale-1 Well
81
10.4 Drilling and Production Updates 81
10.4.1 Sep 05, 2008: Tethys
Commences Drilling On Copkoy-1 Well On License 3999 In Thrace Basin, Turkey
81
10.4.2 Aug 19, 2008: Incremental Updates On Selmo Oilfield Production
81
10.4.3 Aug 08, 2008: Tethys Updates On Copkoy-1 Well In Thrace Basin,
Onshore Turkey 82
10.4.4 May 27, 2008: Incremental Updates On Ikihoyuk-1
Well 82
10.4.5 May 15, 2008: Otto Encounters Gas In Arpaci-2 In Turkey
83
10.4.6 May 07, 2008: Otto And Incremental Spuds Arpaci-2 Well In
Western Turkey 83
10.4.7 May 07, 2008: Incremental Updates On Its Edirne
Project 84
10.4.8 Apr 28, 2008: Otto Energy Updates On Drilling Campaign
In Turkey 84
10.4.9 Apr 22, 2008: BP Starts Oil Production From Deep Water
Gunashli Platform 84
10.4.10 Apr 08, 2008: Incremental To Commence
Spudding Of Ortakci 1Well In Turkey 85
10.4.11 Mar 27, 2008: Incremental,
Otto Announce Spudding Of First Well In 2008 Of Edirne Gas Project 85
10.4.12 Mar 18, 2008: Stratic Energy Commences Gas Production From Its Ayazli
Gas Field 86
10.4.13 Mar 14, 2008: Eureka Provides Operational Update
86
10.4.14 Mar 07, 2008: Incremental Provides Drilling Updates On Selmo
Oilfield 87
10.4.15 Feb 19, 2008: Incremental Provides Operational Update
87
10.4.16 Feb 11, 2008: Stratic Energy Announces Resumption Of Gas
Production, Offshore Turkey 88
10.4.17 Jan 14, 2008: Incremental Updates
On 2008 Drilling Campaign 88
10.4.18 Jan 04, 2008: Incremental Updates On
Selmo Oil Field 89
10.4.19 Nov 12, 2007: Incremental Completes Horizontal
Drilling At Selmo Well 22 89
10.5 Other Significant Developments 89
10.5.1 Aug 25, 2008: Iran Says Revised Oil Contracts Now Look More Attractive
89
10.5.2 Jul 02, 2008: Turkey To Develop South Pars Gas Field In Iran
90
10.5.3 Jun 16, 2008: Otto Tests Arpaci-1 Well, Western Turkey 91
10.5.4 Jun 16, 2008: Iraq To Include Turkey Companies In Energy Tenders 91
10.5.5 May 20, 2008: OVL Gives Up Exploration Blocks In Libya 91
10.5.6
Apr 24, 2008: TPAO To Invest More On Oil, Gas Exploration 92
10.5.7 Jan
03, 2008: Turkey, Syria To Build Joint Oil Exploration Company 92
11
Appendix 93
11.1 Methodology 93
11.1.1 Coverage 94
11.1.2
Secondary Research 94
11.1.3 Primary Research 95
11.1.4 Forecasts
95
11.2 Key Economic Assumptions 97
11.3 Expert Panel Validation
98
11.4 Definitions 98
11.5 Unit of Measure 99
11.6 Contact Us
100
11.7 Disclaimer 100
1.1 List of Tables
Table 1: Turkey,
Oil and Gas, Key Statistics, April 2008 11
Table 2: Turkey, Total Crude
Oil and Natural Gas Reserves (MMBOE), 2000-2012 14
Table 3: Turkey, Total
Crude Oil Production (MMBBLs), 2000-2007 15
Table 4: Turkey, Total Natural
Gas Production (BCF), 2000-2007 16
Table 5: Turkey, Oil and Gas Asset
Details, April 2008 17
Table 6: Turkey Onshore, Total Crude Oil Production
(Barrels), by Assets, 2000-2007 17
Table 7: Turkey Onshore, Total Natural
Gas Production (MMCF), by Assets, 2000-2007 18
Table 8: Turkey, Total
Crude Oil Production (MMBBLs), by Company, 2000-2007 18
Table 9: Turkey,
Total Natural Gas Production (BCF), by Company, 2000-2007 18
Table 10:
Turkey, Total Crude Oil Production (MMBBLs), Forecast, 2008-2013 19
Table
11: Turkey, Total Natural Gas Production (BCF), Forecast, 2008-2013 19
Table 12: Turkey, Total Number of Active Exploration Blocks, April 2008 20
Table 13: Turkey, Total Number of Active Exploration Blocks By Company 21
Table 14: Turkey, Oil and Gas Exploration Blocks Details, April 2008 22
Table 15: Turkey, Oil and Gas Exploration Blocks Details, April 2008, (Cont' d)
23
Table 16: Turkey, Oil and Gas Exploration Blocks Details, April 2008,
(Cont' d) 24
Table 17: Turkey, Oil and Gas Exploration Blocks Details,
April 2008, (Cont' d) 24
Table 18: Turkey, Oil and Gas Planned Exploration
Block Details, April 2008 25
Table 19: British Petroleum Plc, Key
Facts, 2006 26
Table 20: British Petroleum Plc, SWOT Analysis , 2006
37
Table 21: British Petroleum Plc, Revenue by Segment, USD Million,
2002-2006 42
Table 22: British Petroleum Plc, Revenue by Geography,
USD Million, 2002-2006 42
Table 23: British Petroleum Plc, Financial
Statements, USD Million, 2002-2006 43
Table 24: British Petroleum
Plc, Financial Ratios, USD Million, 2002-2006 44
Table 25: British
Petroleum Plc Operational Indicators, 2002-2006 45
Table 26: British
Petroleum Plc Operational Indicators, 2002-2006 45
Table 27: Petroleo
Brasileiro S.A., Key Facts, 2007 46
Table 28: Petroleo Brasileiro
S.A., SWOT Analysis , 2007 59
Table 29: Petroleo Brasileiro S.A.,
Revenue by Segment, USD Million, 2002-2006 63
Table 30: Petroleo
Brasileiro S.A., Revenue by Geography, USD Million, 2002-2006 63
Table 31:
Petroleo Brasileiro S.A., Financial Statements, USD Million, 2003-2007
64
Table 32: Petroleo Brasileiro S.A., Financial Statements, USD
Million, 2003-2007 65
Table 33: Petroleo Brasileiro S.A. Operational
Indicators, 2003-2007 66
Table 34: Brent Blend NYMEX Future Prices
97
1.2 List of Figures
Figure 1: Turkey, Exploration and
Production Assets Map, April 2008 12
Figure 2: Turkey, Total Crude Oil and
Natural Gas Reserves (MMBOE), 2000-2012 13
Figure 3: Turkey, Total Crude
Oil Production (MMBBLs), 2000-2007 15
Figure 4: Turkey, Total Natural Gas
Production (BCF), 2000-2007 16
Figure 5: Turkey, Total Number of Active
Exploration Blocks, 2000-2007 20
Figure 6: British Petroleum Plc, Value
Chain Analysis 33
Figure 7: Petroleo Brasileiro S.A., Value Chain
Analysis 55
Figure 8: Global Markets Direct Methodology 93
