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Turkey to purchase a drilling platform

30 January 2015

Turkey’s National Security Council (MGK) decided at its last meeting that “Turkey should have in its possession its own drilling platform; either by buying one or by manufacturing one”.

President Recep Tayyip Erdogan has put the issue onto the agenda of the National Security Council in order to protect Turkey’s rights in the Eastern Mediterranean, Turkish daily ‘Sabah’ reports. Within this framework, Erdogan has given instructions to Turkey’s National Security Council to discuss the issue in detail.

Erdogan who pointed out that they will mobilise all means in order to claim all their rights in the Mediterranean, gave instructions to take the necessary steps in order to have their own drilling platform.

Stating that foreign oil exploration companies should not carry out drilling activities in controversial areas in the Eastern Mediterranean, Erdogan said: “We will take matters into our own hands”.

According to the decision which was conveyed by the Council, Turkish company TPAO (Turkish Petroleum Corporation) will increase its effectiveness in the Eastern Mediterranean by purchasing a drilling platform from a well-known energy company at a cost of 1.5 billion dollars. Having made this investment, Turkey will have the potential to operate in all regions without it being necessary to make agreements with big firms to carry out drilling in the Mediterranean.

The paper adds that TPAO will create new partnerships when it has its own drilling platform, enabling it to make drilling contracts and seismic researches with other countries, besides those in the Mediterranean and the Black Sea.

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