OECD Studies Conference of Natural and Environmental Sciences, Ankara, Turkey, 19 - 21 March 2020, pp.16-26
Cyprus is among the most important oil and gas regions of the world in terms of geographical location and geological features. However, a limited number of oilwells has been drilled in Cyprus so far for hydrocarbon exploration. Even though the hydrocarbons were found in Türkyurdu-1 oilwell in Northern Cyprus, their amount in this well has not been evaluated as an economic discovery. This well indicates that petroleum has occurred onshore in Northern Cyprus, and there may be oil and/or gas fields to be economically produced if the wells are drilled at the correct locations. The main reason for the lack of economic oil and gas fields onshore in Northern Cyprus is the insufficient exploration activities which are required to contain geochemical analysis, geophysical survey, and drilling. In this study, the potential target areas and exploration methods that may be assessed for economically viable oil and gas discovery onshore in Northern Cyprus are suggested in the light of the existing geological and geophysical data.