Kabul, Afghanistan, 01 June 2014 – Türkiye Petrolleri A.O. (“TPAO”), Çalık Enerji Sanayi ve Ticaret (“ÇALIK”) and Bayat Energy (“BAYAT”) are pleased to announce the formation of a consortium in order to submit a bid for the exploration, development and production of the Totimaidan Block in Faryab Province of the Islamic Republic of Afghanistan. This Project, currently being Tendered by Ministry of Mines and Petroleum, should set the basis for the continued growth of Afghanistan’s natural gas sector and ongoing hydrocarbons development for years to come for the benefit of the Afghan people.
We believe our Consortium offers a unique combination of world-class technical expertise, significant regional experience, and a deep understanding of Afghan business operations.
Our Consortium is poised to develop gas fields in northern Afghanistan that will be used to supply the local Afghan market and activate new gas-fired industries in the country, as well as, be sold internationally. Studies have indicated that there could be in excess of 10 TCF of gas in the block.
Should the expected fields be found in Afghanistan, our Consortium intends to invest in new technology and pipelines that will connect Afghanistan’s northern gas fields with Turkmen pipelines, an audacious move that will serve as the precursor for the long discussed Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline.
We look forward to working in partnership with the Government and citizens of Afghanistan, bringing jobs and economic wealth to the nation while re-affirming the nation of Turkey’s continued focus on building lasting partnerships with the Afghan people and supporting the country’s ongoing development.