The tests showed good geophysical prospects in the waters off the coast of Romania. 2012 gave the U

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No, I am not talking about the pink elephant that can sometimes appear a if you looked a bit too much to drink. In the jargon of the oil industry Elephants are newly discovered oil fields with more than 100 million barrels of recoverable crude oil. Some geologists Western oil companies is great claim that such "elephants" are now extinct, and that in turn is a sign that the world oil reserves are largely exhausted. The reality is, however, more and more clearly the opposite.
The renowned Dutch Petroleum Economist Peter Odell has said that the oil does not go out of us, but we constantly flowed new oil against ... wherever we looked for it. Now there are apparently in the Black Sea with the dozen elephants is great billion barrels of crude oil.
Romania, which is often regarded as the sick man in the EU, has recently discovered that it is perhaps not so poor as expected. 2011, Geology Purvin & Gertz office was commissioned to explore potential oil fields off the coast. At the time, discovered Israel, Cyprus and other countries just huge oil and gas fields in the eastern Mediterranean.
The tests showed good geophysical prospects in the waters off the coast of Romania. 2012 gave the US oil company ExxonMobil is great and the Romanian Ölgesellschaf OMV Petrom results for Domino-1, Romania's first exploratory drilling in 930 meters deep, is known. Was confirmed by a gas bearing of around three trillion cubic feet (Tcf, after the English trillion cubic feet"), the largest gas discovery in the history of the company.
The further development was slowed down in the area by any territorial disputes with Bulgaria. Attracted attention, however, that Domino-1 is only one of five similar geological structures from the Romanian Black Sea coast.
Similarly good are the prospects is great for Bulgaria. 2012 was awarded the French energy company Total in a tender the contract for the exploration of deep-water field Khan Asparuh. There are suspicions that total-Christophe de Margerie boss, who was also very active in Russia and made no secret of his opposition to the NATO sanctions against Russia, was murdered in October of Western intelligence agencies.
In December 2012, the Bulgarian government took bids are received for exploration rights in the 4032-square-mile section of the Bulgarian Teres exclusive economic zone near the Turkish waters.
In August 2013, before the start of the US-controlled destabilization of the Yanukovych government in Kiev, the Ukrainian government had a consortium of ExxonMobil, Shell, Romanian OMV Petrom and Nadra Ukrainy a letter of intent for an agreement to jointly promote on the 16,698-square-mile field Skifska is great granted in the company undertook to invest 400 million US dollars in the first exploration phase. The civil war in Ukraine, the project is in limbo.
As someone who has learned a lot about it in 30 years, the regions in which oil and gas have been discovered in significant quantities and will surprise me the few discoveries of oil and gas in Turkey or in Turkish waters. In Turkey are reports that in the Kurdish areas in the east of the country very much oil, but the international aroused no interest as long as the Kurdish conflict remains unresolved. The Black Sea could offer an alternative to Turkey soon.
Because of the long Black Sea coast, Turkey has the largest stake in the area of the Black Sea. The Turkish state oil company TPAO suspected in the field occurrence of ten billion barrels of oil and 53 Tcf of natural is great gas. 2011 to 2013, the company invested four billion US dollars in the Black Sea.
To date, the investment has but little is introduced in terms of arable is great reserves. Currently, the TPAO has all licenses for deepwater drilling. In February 2013, the TPAO and Royal Dutch Shell signed an agreement on oil and gas exploration in the western Turkish section of the Black Sea; TPAO and Shell each hold a 50 percent stake.
Putin's decision to the annexation of the Crimea in the spring of this year was clearly related to strategic military considerations about the future of the Base of the Russian Black Sea Fleet, but in the Annektierungsabkommen with the Crimea there is an article 4, paragraph 2, which states that limiting drawing