Appraisal and Exploration In Tiway’s core areas, there is significant drilling history on onshore fields that were previously considered non-commercial. Tiway believes that this history provides an important guide to new opportunities. It uses its geological expertise to identify the best of those opportunities and operations leadership to drill pioneering appraisal and exploration wells. In Turkey, Tiway’s Bakuk discovery was in a remote field that had previously been drilled. Tiway fast-tracked an appraisal well and a commercialization effort to bring the gas to full commercial production.

Production Enhancement Many of the most attractive opportunities in Tiway’s core region are in previous discoveries and fields producing below their potential. Tiway has brought its core engineering and geology skills to projects to assess behind pipe and enhanced recovery opportunities, including at an onshore oil field in Turkey and an oil field in Ukraine. Tiway begins its incremental recovery project by combining leading-edge internal and external geological modeling studies to highlight bypassed oil and gas zones, new zones, and potential additional structures and reserves.

Offshore Development Offshore oil and gas production will continue to be of growing importance in Tiway’s core regions. Tiway’s Turkish team was the primary developer of the shallow water SASB project in the Black Sea, a project that involved 19 wells drilled, four platforms constructed in two phases, extensive shore-based logistical infrastructure, and significant pipeline and facilities construction to bring the gas to market. Tiway is applying the lessons learned in SASB in its pursuit of other offshore development projects in its core regions.