Offshore engineering

Investments of $126 billion in floating production units for oil and LNG are expected by 2030

Nearly 120 floating production systems could be ordered in the next five years, according to Scottish consultancy Energy Maritime Associates (EMA).

Floating production systems (FPS) first emerged in the 1970s as an option for the production of hydrocarbons discovered at greater ocean depths, surpassing the viability of fixed platform installations.

More explorations planned in Black Sea, says energy minister

Energy and Natural Resources Minister Alparslan Bayraktar has announced that there will be further hydrocarbon explorations in the western Black Sea this year.

One of the exploration sites is off the coast of the province of Rize, Bayraktar told private broadcaster A Haber, adding that they also identified a site to carry out exploration activity off Sinop.

Cyprus speeds up gas field development

The consortium licensed for Cyprus' "Aphrodite" gas field will update the development and production plan of the field by March 31, as announced by the minister of Energy, Commerce and Industry, George Papanastasiou. He pointed out that a floating production unit (FPU) above the gas field would be an essential plan of the new agreement.

Sakarya Gas Field contract awarded to consortium

International oilfield services company Schlumberger announced on Oct. 15 a significant contract award by the Turkish Petroleum Corporation (TPAO or TP) for the engineering, procurement, construction and installation (EPCI) of end-to-end production solutions for the Sakarya Gas Field, Turkey's largest gas reserve.

'Ertuğrul Gazi' FSRU vessel now flies Turkish flag

Turkey's first floating LNG storage and gasification vessel (FSRU) "Ertuğrul Gazi" is registered to the Turkish International Ship Registry on March 3.

According to the social media account of the Ministry of Transport and Infrastructure's General Directorate of Maritime Affairs, Ertuğrul Gazi flew the Turkish flag.

Turkey reportedly purchases fourth drillship

Turkish media on Tuesday were reporting the purchase of a fourth drillship by the government in Ankara.

According to the newspapers Sabah and Yeni Safak, the Turkish government has signed a deal for the acquisition of the deep water drillship Bolette Dolphin, which was built in South Korea 2014 and has been used by a Norwegian company until now.

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