Turkish Energy and Natural Resources Minister Berat Albayrak announced the start of the first exploratory drilling for natural resources in the Mediterranean before the end of the year.
Albayrak and the TRNC Minister for Economy and Energy Sunat Atun visited the ‘Barbaros Hayrettin Paşa’ seismic research vessel that is operating off the Cyprus coast.
While aboard the vessel, the Turkish energy minister announced that by the end of the year, the first drilling activities will take place in the Mediterranean and the Black Sea.
“I suspect that by the third quarter or the fourth quarter of the year we will achieve this,” said Albayrak.
The vessel had completed two thirds of its 3D seismic research surveying off the coast of Famagusta, Minister Albayrak, said adding that they expect that by the end of the month, all 3D seismic research activities in the area will be completed.
He said that Turkey would continue its research and drilling activities not only in Turkey but in Northern Cyprus as well.
“Turkey has to carry out an effective process in the Mediterranean because there is potential in the Mediterranean” said Albayrak and added that this potential in the last 15 to 20 years had led to the beginning of a new process in the world’s petrol and gas markets.