Overview:

Summary

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Turkey. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Turkey. The report compares the investment environment in Turkey with other countries in the region. The profiles of the major companies operating in the natural gas sector in Turkey together with the latest news and deals are also included in the report.

Scope

- Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 2000-2020.
- Historical and forecast data and information for all the major gas fields, (Liquified Natural Gas) LNG Terminals, pipelines and underground gas storage facilities in Turkey for the period 2000-2015.
- Operator and equity details for major natural gas assets in Turkey.
- Key information relating to market regulations, key energy assets and the key companies operating in the Turkey’s energy industry.
- Information on the top companies in the Turkey including business description, strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

- Gain a strong understanding of the country’s energy market.
- Facilitate market analysis and forecasting of future industry trends.
- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
- Assess your competitor’s major natural gas assets and their performance.
- Analyze the latest news and financial deals in the gas sector of each country.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies in the country."

Companies Mentioned

Turkiye Petrolleri Anonim Ortakligi
Perenco
Exxon Mobil Corporation

1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 8
2 Turkey Energy Sector 9
2.1 Turkey Energy Sector, Market Overview 9
2.2 Turkey Energy Sector, Natural Gas 10
2.2.1 Turkey Natural Gas, Overview 10
2.2.2 Turkey Natural Gas, Supply and Demand Balance 10
2.2.3 Turkey Natural Gas, Regulatory Structure 16
2.2.4 Turkey Natural Gas, Infrastructure 17
3 Turkey Gas Upstream Investment Environment Benchmarking 18
3.1 Introduction 18
3.2 The Overall Ranking 18
3.3 Upstream Fiscal Attractiveness 18
3.3.1 Maximum Government Take Index 20
3.3.2 Maximum State Participation 20
3.4 Gas Sector Performance 20
3.4.1 Exploration Activity 22
3.4.2 Gas Production 23
3.4.3 Gas Reserves 23
3.4.4 Gas Consumption 23
3.5 Economic Performance 24
3.5.1 GDP Growth Index 25
3.5.2 FDI Confidence Index 25
3.5.3 Balance of Trade Index 26
3.6 Socio-Political Performance 26
3.6.1 Democracy Index 27
3.6.2 Governance Index 27
4 Turkey Exploration and Production Sector 28
4.1 Turkey Exploration and Production Sector, Country Snapshot 28
4.1.1 Turkey Exploration and Production Sector, Key Data 28
4.1.2 Turkey Exploration and Production Sector, Natural Gas Assets Map 28
4.2 Turkey Exploration and Production Sector, Marketed Natural Gas Production 29
4.2.1 Turkey Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 29
4.2.2 Turkey Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type 30
4.2.3 Turkey Exploration and Production Sector, Marketed Natural Gas Production by Assets 31
4.2.4 Turkey Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 31
4.2.5 Turkey Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 32
4.3 Turkey Exploration and Production Sector, Marketed Natural Gas Forecasts 33
4.3.1 Turkey Exploration and Production Sector, Marketed Natural Gas Forecasted Production 33
4.4 Turkey Exploration And Production Sector, Natural Gas Asset Details 34
4.4.1 Turkey Exploration And Production Sector, Active Natural Gas Asset Details 34
4.4.2 Turkey Exploration And Production Sector, Planned Natural Gas Asset Details 34
4.5 Turkey Exploration And Production Sector, Major Gas Discoveries 35
4.5.1 Turkey Exploration And Production Sector, Number of Gas Discoveries, 2005-2010 35
4.5.2 Turkey Exploration And Production Sector, Gas Discovery Details 36
4.6 Turkey  Exploration And Production Sector, Drilling and Production Updates 36
4.6.1 Apr 28, 2011: Exile Resources Spuds Well In Eastern Turkey 36
4.6.2 Jul 05, 2010: Xtract Energy Updates On Sarikiz-2 Well In Turkey 37
5 Turkey Pipeline Sector 38
5.1 Turkey Pipeline Sector, Key Data 38
5.2 Turkey Pipeline Sector, An Overview 38
5.3 Turkey Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 38
5.4 Turkey Pipeline Sector, Natural Gas Pipelines 40
6 Turkey LNG Sector 42
6.1 Turkey LNG Sector, Key Data 42
6.2 Turkey LNG Sector, Regasification 42
6.2.1 Turkey LNG Sector, Regasification, Total Regasification Capacity 42
6.2.2 Turkey LNG Sector, Regasification, Capacity-Wise Market Share By Company 43
6.2.3 Turkey LNG Sector, Regasification, Asset Wise Capacity 44
7 Turkey Undergound Gas Storage Sector 45
7.1 Turkey Underground Gas Storage Sector, Key Data 45
7.2 Turkey Underground Gas Storage Sector, An Overview 45
7.3 Turkey Underground Gas Storage Sector, Capacity-Wise Market Share by Company 45
7.4 Turkey Underground Gas Storage Sector, Storage Capacity 46
7.4.1 Turkey Underground Gas Storage Sector, Storage Capacity of Active Terminals 46
7.4.2 Turkey Underground Gas Storage Sector, Storage Capacity of Planned Terminals 46
8 Profile of Turkiye Petrolleri Anonim Ortakligi 47
8.1 Turkiye Petrolleri Anonim Ortakligi, Key Information 47
8.2 Turkiye Petrolleri Anonim Ortakligi, Company Overview 47
8.3 Turkiye Petrolleri Anonim Ortakligi, Business Description 47
8.3.1 Business Overview 47
9 Profile of Perenco 50
9.1 Perenco, Key Information 50
9.2 Perenco, Company Overview 50
9.3 Perenco, Business Description 50
9.3.1 Business Overview 50
10 Profile of Exxon Mobil Corporation 53
10.1 Exxon Mobil Corporation, Key Information 53
10.2 Exxon Mobil Corporation, Company Overview 53
10.3 Exxon Mobil Corporation, Business Description 53
10.3.1 Business Overview 53
10.3.2 Chemical 54
10.3.3 Downstream 54
10.3.4 Upstream 55
10.4 Exxon Mobil Corporation, SWOT Analysis 56
10.4.1 Overview 56
10.4.2 Exxon Mobil Corporation, Strengths 57
10.4.3 Exxon Mobil Corporation, Weaknesses 59
10.4.4 Exxon Mobil Corporation, Opportunities 60
10.4.5 Exxon Mobil Corporation, Threats 61
11 Financial Deals Landscape 63
11.1 Detailed Deal Summary 63
11.1.1 Acquisition 63
11.1.2 Equity Offerings 71
11.1.3 Asset Transactions 76
12 Recent Developments 85
12.1 Strategy and Business Expansion 85
12.1.1 Apr 25, 2011: EGL Signs MoU With BOTAS 85
12.1.2 Jul 19, 2010: Socar, BOTAS Sign DoI For Natural Gas Pipeline 85
12.1.3 May 28, 2010: Petrobras, TPAO Sign MoU To Enhance Oil Exploration In Turkish Black Sea 86
12.2 Other Significant Developments 86
12.2.1 May 09, 2011: Valeura Energy Announces Cancellation Of License On Farm-In Lands At Rubai In Southeast Turkey 86
12.2.2 May 06, 2011: Melrose Resources Provides Operations And Production Forecast Update 87
12.2.3 Feb 25, 2011: Valeura Energy Conducts Drill Stem Test At Altinakar-1 Exploration Well In Turkey 88
12.2.4 Feb 23, 2011: Exile Resources Provides Operations Update 89
12.2.5 Jan 07, 2011: ExxonMobil To Get Exploration Platform For Black Sea Operations In March 2011 90
12.2.6 Nov 10, 2010: TransAtlantic Petroleum Provides 3Q Operations Update 90
12.2.7 Nov 04, 2010: Melrose Resources Announces First Gas Production From Bulgarian Offshore Fields And Exploration Update 92
12.2.8 Oct 21, 2010: Turkey To Explore Offshore Cyprus 93
12.2.9 Sep 21, 2010: TPAO To Invest $4 Billion On Black Sea Exploration Over Next Three Years 94
12.2.10 Sep 19, 2010: Iraq, Turkey Renew Oil Pipeline Deal 94
12.2.11 Sep 06, 2010: EBRD, EIB And IFC Start Appraisal Of Nabucco Gas Pipeline 94
12.2.12 Sep 06, 2010: Turkey, Iraq To Renew Kirkuk-Yumurtalik Oil Pipeline Deal 95
12.2.13 Aug 30, 2010: Iran To Resume Gas Flows To Turkey 95
12.2.14 Aug 26, 2010: Gazprom Boosts Gas Supplies To Turkey 95
12.3 New Contracts Announcements 96
12.3.1 Oct 08, 2010: RWE Says Final Investment Decision On Nabucco Gas Pipeline In 2011 96
13 Appendix 97
13.1 Abbreviations 97
13.2 Methodology 97
13.2.1 Coverage 97
13.2.2 Secondary Research 98
13.2.3 Primary Research 98
13.2.4 Expert Panel Validation 98
13.3 Contact Us 99
13.4 Disclaimer 99"

1.1 List of Tables
Table 1: Turkey, Historical and Forecast Production and Consumption of Natural Gas, Billion Cubic Feet, 2000-2020 11
Table 2: Turkey, Historical and Forecasted Imports of Natural Gas, Billion Cubic Feet, 2000-2020 13
Table 3: Turkey, Historical Reserves of Natural Gas, Billion Cubic Feet, 2000-2010 15
Table 4: Eastern Europe, Investment Benchmarking, Overall Country Rankings, May 2011 18
Table 5: Eastern Europe, Investment Benchmarking, Upstream Fiscal Attractiveness, May 2011 19
Table 6: Eastern Europe, Investment Benchmarking, Gas Sector Performance, May 2011 20
Table 7: Eastern Europe, Investment Benchmarking, Economic Performance, May 2011 24
Table 8: Eastern Europe, Country Standings, Economic Performance, May 2011 24
Table 9: Eastern Europe, Investment Benchmarking, Socio-Political Performance, May 2011 26
Table 10: Eastern Europe, Country Standings, Socio-Political Performance, May 2011 26
Table 11: Turkey, Natural Gas Key Statistics, 2010 28
Table 12: Turkey, Total Marketed Natural Gas Production (MMcf), 2003-2010 29
Table 13: Turkey, Marketed Natural Gas Production by Type (MMcf), 2003-2010 30
Table 14: Turkey, Marketed Natural Gas Production (MMcf), by Assets, 2003-2010 31
Table 15: Turkey, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2003- 2010 31
Table 16: Turkey, Market Share (%) of Key Companies Based on Marketed Natural Gas Production, 2003- 2010 32
Table 17: Turkey, Marketed Natural Gas Production (MMcf), Forecast by Assets, 2011- 2015 33
Table 18: Turkey, Active Gas Field Asset Details 34
Table 19: Turkey, Planned Gas Field Asset Details 34
Table 20: Turkey, Number of Gas Discoveries, 2005-2010 35
Table 21: Turkey, Gas Discovery Details, 2005-2010 36
Table 22: Turkey, Pipeline Key Statistics, May 2011 38
Table 23: Turkey, Natural Gas Pipeline Length by Company (Km), May 2011 38
Table 24: Turkey, Natural Gas Pipelines, May 2011 40
Table 25: Turkey, Natural Gas Pipelines, May 2011 (Contd.1) 41
Table 26: Turkey, LNG Key Statistics, May 2011 42
Table 27: Turkey,  Total Regasification Capacity (Bcf), 2000-2015 42
Table 28: Turkey,  Regasification Capacity by Company (Bcf), 2000-2015 43
Table 29: Turkey, Regasification Capacity by Terminal (Bcf), 2000-2015 44
Table 30:    Turkey, Underground Gas Storage Key Statistics, May 2011 45
Table 31: Turkey, Underground Gas Storage Capacity by Company (MMcf), May 2011 45
Table 32:  Turkey, Active Underground Gas Storage Capacity (MMcf), May 2011 46
Table 33:  Turkey, Planned Underground Gas Storage Capacity (MMcf), May 2011 46
Table 34: Turkiye Petrolleri Anonim Ortakligi, Key Facts 47
Table 35: Perenco, Key Facts 50
Table 36: Exxon Mobil Corporation, Key Facts 53
Table 37: Exxon Mobil Corporation, SWOT Analysis 57
Table 38: Merty Energy To Acquire Extrem Energy 63
Table 39: Niche Group To Acquire 5% Interest In Arar Petrol 64
Table 40: TransAtlantic Petroleum To Acquire Thrace Basin Natural Gas And Pinnacle Turkey 65
Table 41: Stratic Energy Completes The Sale Of Its Turkish Business 66
Table 42: TransAtlantic Worldwide To Acquire Amity Oil International And Zorlu Petrogas Petrol Gaz 67
Table 43: Xtract Energy Acquires Additional 16% Interest In Extrem Energy From Merty Energy 68
Table 44: Toreador Resources Sells Toreador Turkey To Tiway 69
Table 45: TransAtlantic Petroleum Acquires Energy Operations Turkey 70
Table 46: TransAtlantic Petroleum Completes Common Stock Offering For $105.29 Million 71
Table 47: Melrose Resources Completes $18 Million In Private Placement 72
Table 48: Otto Energy Completes Offering Of Common Stock For $3.62 Million 74
Table 49: Otto Energy Completes Rights Issue For $14.45 Million 75
Table 50: Valeura Energy To Acquire Natural Gas Production And Land From TransAtlantic Petroleum 76
Table 51: Valeura Energy Acquires Non-Operated Natural Gas Producing Assets In Turkey From Edirne 77
Table 52: Extrem Energy Plans To Farm-Out Interest In Candarli Block 79
Table 53: Chevron To Acquire 50% Interest In License 3921 In Turkey 80
Table 54: Valeura Energy Enters Into Farm-Out Agreement With Aladdin Middle East And Guney Yildizi Petrol 81
Table 55: Zorlu Enerji Elektrik To Sell Oil & Gas Assets 82
Table 56: ExxonMobil Exploration And Production Turkey To Acquire 25% Interest In AR/TPO/3922 Exploration License 83
Table 57: Transneft To Acquire 50% Stake In Samsun-Ceyhan Oil Pipeline 84"

1.2 List of Figures
Figure 1: Turkey, Energy Sector Consumption by Fuel Type (%), 2010 9
Figure 2: Turkey, Natural Gas Production And Consumption, Billion Cubic Feet, 2000-2020 12
Figure 3: Turkey, Natural Gas Imports, Billion Cubic Feet, 2000-2020 14
Figure 4: Turkey, Natural Gas Reserves, Billion Cubic Feet, 2000-2010 16
Figure 5: Eastern Europe, Country Standings, Upstream Fiscal Attractiveness, May 2011 19
Figure 6: Eastern Europe, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, May 2011 21
Figure 7: Eastern Europe, Country Standings, Gas Sector Performance, by Production & Consumption, May 2011 22
Figure 8: Eastern Europe, Country Standings, Number Of Exploration Blocks Awarded, May 2011 23
Figure 9: Eastern Europe, Country Standings, Economic Performance, May 2011 25
Figure 10: Eastern Europe, Country Standings, Socio-Political Performance, May 2011 27
Figure 11: Turkey, Natural Gas Assets Map, May 2011 28
Figure 12: Turkey, Total Marketed Natural Gas Production (MMcf), 2003-2010 29
Figure 13: Turkey, Total Marketed Natural Gas Production(MMcf), by Type 2003-2010 30
Figure 14: Turkey, Marketed Equity Weighted Natural Gas Production (MMcf), by Key Companies, 2003-2010 32
Figure 15: Turkey, Market Share (%) of Key Companies based on Marketed Natural Gas Production by Key Companies, 2010 33
Figure 16: Turkey, Number of Gas Discoveries, 2005-2010 35
Figure 17: Turkey, Natural Gas Pipeline Length by Company (Km), May 2011 39
Figure 18: Turkey, Total Regasification Capacity (Bcf), 2000-2015 43
Figure 19: Turkey,  Regasification Capacity by Company (Bcf), 2000-2015 44