• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 4 hours Socialists want to exorcise the O&G demon by 2030
  • 9 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 8 hours Oceans "Under Fire" Of Plastic Trash
  • 1 day Is Natural Gas Renewable? I say yes it is.
  • 4 hours Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 3 hours Cheermongering about O&G in 2019
  • 10 hours Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 1 day Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 1 day Making Fun of EV Owners: ICE-ing Trend?
  • 18 hours North Sea Rocks Could Store Months Of Renewable Energy
  • 1 day Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 45 mins *Happy Dance* ... U.S. Shale Oil Slowdown
  • 1 day Orphan Wells

Betting on Mediterranean Shale: 3 Plays, 1 Winner

The Mediterranean has joined the shale game, but as most of Europe’s Mediterranean countries drag their feet, all eyes are on Israel, Turkey, and Algeria.

For Israel, it will be a slow road without the majors.

For Algeria, it’s full speed ahead, in theory—but the foreign interest is just dabbling for now due to a lack of shale infrastructure.  

For Turkey, the situation is more promising thanks to a renewed interest by the majors and a near-perfect blend of good governance and attractive fiscals.

Here’s what the playing field looks like:

Turkey

Turkey is the best bet here. In Turkey, it’s all about the Dadas Shale, in which the majors have recently expressed a renewed interest, making the game immediately more promising for the North American juniors who are betting heavily on this play.

The Dadas Shale is being compared to Texas’ Eagle Ford shale and Oklahoma’s Woodford shale in both size and potential. What is that potential? Well, those who are investing in it say it has more than 100 billion barrels of original oil in place.

While nothing’s being produced, testing is about to begin and new technology has the majors and juniors highly optimistic. 

Positives

•    Everyone likes working with the Turkish government—permits are fast and bureaucracy is kept to a minimum. Turkey is too keen to become a regional energy…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin



Oilprice - The No. 1 Source for Oil & Energy News