Subsea 7, as an engineering and marine services company, has taken on the responsibility of expanding the Sakarya gas development project phase 3 in the Black Sea, Turkey, from the Turkish Petroleum Technology Center (TP-OTC). This expansion includes the installation of an anchor line and related connection activities for the commissioning of the second floating production unit by 2028.
Project Details
Subsea 7 will manage the project and engineering from its office in Istanbul, and work will commence immediately. Although specific details regarding the value of this expansion have not been provided, the company has indicated that the contract falls within the range of $50 million to $150 million.
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Delay in Commissioning of the First Floating Production Unit
Turkish officials recently announced that the departure of the first floating production unit, named Osman Ghazi, from the port of Filyos has been postponed to late October. This delay means a postponement in the deployment of this platform in the Sakarya field. The platform is expected to arrive at the field by the end of 2026 and commence gas production.
The second floating production unit, which will be installed in 2028, will increase production from the Sakarya field to 45 million cubic meters per day, sufficient to supply nearly 17 million households. This increase in production could have significant impacts on the gas market in Turkey and the region, helping to strengthen the country's energy security.
Economic and Energy Implications
The Sakarya project, as one of the largest natural gas projects in the Black Sea, aims to increase production and meet Turkey's domestic energy needs. Given Turkey's dependence on gas imports, this project could help reduce reliance on foreign sources and enhance energy independence.
Overall, the advancements made in the Sakarya project and Subsea 7's collaboration with Turkey reflect the country's desire to strengthen its energy infrastructure and exploit its natural resources. Given the existing potentials, this project is expected not only to meet domestic needs but also to create new export opportunities for Turkey.
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