Energy: Turkish oil firm to start drilling in north Cyprus

25 April, 14:27

    (ANSAmed) - ANKARA, APRIL 25 - Turkey's state-run oil company is set to start drilling for oil and gas in the Turkish Republic of Northern Cyprus (TRNC, recognized only by Ankara) under an agreement signed last year in September as Anatolia news agency reports. The Turkish Petroleum Corporation, or TPAO, will start drilling on Thursday at a field neat to Gazimagusa (Famagusta) with a ceremony which will be participated by Turkish Energy and Natural Resources Minister Taner Yildiz as well as Turkish Cypriot leader Dervis Eroglu. TPAO has said it planned to drill as deep as 3,000 meters at the well which has been named Turkyurdu-1. On September 21, Turkish Premier Recep Tayyip Erdogan and Eroglu signed in New York an agreement on the delineation of the continental shelf between two countries in the East Mediterranean. Under the agreement, TPAO will be able to make three dimensional seismic research and drilling in TRNC land and sea more actively. The agreement follows a Republic of Cyprus move to start offshore drilling for natural gas and oil in the southeast of the Eastern Mediterranean island. (ANSAmed).

    © Copyright ANSA - All rights reserved