Sakarya Phase 1 is a conventional gas development located in ultra-deepwater in Turkey and is operated by Turkiye Petrolleri Anonim Ortakligi. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Sakarya Phase 1 was discovered in 2020, lies in block C26,C27,D26,D27, with water depth of around 12,956 feet. Buy the profile here.
The project is currently in commissioning stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2022. The development cost is expected to be $3,200 m. The Sakarya Phase 1 conventional gas development will involve the drilling of approximately 10 wells and includes subsea manifold and subsea trees.
Field participation details
The field is owned by Turkiye Petrolleri Anonim Ortakligi.
Production from Sakarya Phase 1
Production from the Sakarya Phase 1 conventional gas development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 343 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2056.
Remaining recoverable reserves
The field is expected to recover 328.64 Mmboe, comprised of 1,971.84 bcf of natural gas reserves.
Contractors involved in the Sakarya Phase 1 conventional gas field
Some of the key contractors involved in the Sakarya Phase 1 project as follows.
Main EPC: Schlumberger and Subsea 7
Other Contractors: Eni, John Wood Group and TDI-Brooks International
About Turkiye Petrolleri Anonim Ortakligi
Turkiye Petrolleri Anonim Ortakligi (TPAO) is an oil and gas company that carries out exploration, refining, and marketing services for oil and gas. The company offers services such as geological services, seismic services, drilling, and domestic and international oil and natural gas production services. Its geological services are used in the geological field surveys. TPAO offers various exploration services which include seismic data acquisition, non-seismic data acquisition, seismic process applications, interpretation systems, GIS and remote sensing applications. The company also works as an enhanced oil recovery project. It has a presence in Azerbaijan, Turkey, Kazakhstan, Syria, Iraq, and Libya. TPAO is headquartered in Ankara, Turkey.
For more details on the Sakarya Phase 1 Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
