The new law completely overhauled the country’s licensing block arrangement, changing it to a grid-based system across both the onshore and offshore sectors, Turkey’s Energy Minister Taner Yildiz said through an interpreter at the World Petroleum Congress in Moscow.
Under the terms, blocks onshore and in inshore waters can be as large as 56,000 square hectares, while offshore blocks can be up to 1 million square hectares.
Operators
