Sakarya Phase 3 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, lies in block C26,C27,D26,D27, with water depth of around 7,094 feet. Buy the profile here.
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The project is currently in feasibility stage and is expected to start commercial production in 2030. The development cost is expected to be $4,874 m.
Field participation details
The field is owned by Turkiye Petrolleri Anonim Ortakligi.
Production from Sakarya Phase 3
Production from the Sakarya Phase 3 conventional gas development project is expected to begin in 2030 and is forecast to peak in 2034, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2062.
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 geological field surveys. TPAO offers various exploration services which include seismic data, 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, Turkiye.
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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.
