Turkey - Thrace Gas Exploration Project

D_cument of The World Bank FOM OFFICL USE ONLY Rqut No. 7845 PROJECT COMPLETION REPORT TURKEY THRACE GAS EXPLORATION PROJECT (LOAN 2327-TU) JUNE 2, 1989 Energy Operations Division Country Department I Europe, Middle East and North Africa Regional Office Tbis document has a restricted distribution and may be used by recipients only In the performance of  THE WORLD BANK I OMCIAL USE ONW Washington, DC 20433 USA Oglte d Duwe.eoe.Cqw,Il Opwaswis waku*iqmllo June 2, 1989 MEMORANDUM TO THE EXECUTIVE DIRECTORS AND THE PRESIDENT SUBJECT: Project Completion Report on Turkey Thrace Gas Exploration Project (Loan 2327-TU) Attached, for information, is a copy of a report entitled *Project Completion Report on Turkey - Thrace Gas Exploration Project (Loan 2327-TU)" prepared by the Europe, Middle East and North Africa Regional Office with Part II of the report contributed by the Borrower. No audit of this project has been made by the Operations Evaluation Department. Attachment This document has a restricted distribution and may be used by tecipients only in the perftormance of their official duties. Its contents may not otherwise be disclosed without World Dank authorization.  FOR OMCAL USE ONLY PROJECT COMPLETION REPORT TURKEY THRACE GAS EXPLORATION PROJECT (LOAN 2327-TU) TABLE OF CONTENTS Page No. PREFACE ...................... ... . ............... i EVALUATION SUMuARY .... PART I 1. PROJECT IDENTITY.. 1 2. BACKGROUND ............................ ................. 1 3. PROJECT'S OBJECTIVES AND DESCRIPTION .. 1 4. PROJECT ORGANIZATION, IMPLEMENTATION AND RESULTS 3 5. PERFORMANCE OF THE BANK AND THE BOIROWER. 5 6. CONSULTING SERVICES. 5 PART II I. INTRODUCTION. 9 II. PROJECT IDENTIFICATION, PREPARATION AND APPRAISAL ........ 11 1. Origin of the Project .12 2. Preparation and Appraisal .13 III. IMPLEMENTATIAN .14 1. Seismic .14 2. Drilling .16 3. Implementation Issues .17 4. Implementation Schedule .18 5. Reporting .21 6. Project Cost and Financing .22 7. Disbursements ..23 8. Use and Performance of Consultants .25 9. Use and Performance of Contractors .28 10. Training Facilities .29 IV. PROJECT RESULTS ................... , . .......... 30 1. Exploration Program ..30 2. Exploration Promotion ..31 3. Production and Infrastructure. 31 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization.  TABLE OF CONTENTS (Cont.) Page No. V. INSTITUTIONAL PERFORMANCE .... ............................ 33 VI. BANK PERFORMANCE .... ..................................... 34 VII. CONCLUSIONS .............................................. 35 PART III l. RELATED BANK LOANS ....................................... 39 2. PROJECT TIMETABLE .... .................................... 39 3. LOAN DISBURSEMENTS ................ .. ... . ......... 40 4. PROJECT IMPLEMENTATION ................... . . ... 40 5. PROJECT COSTS AND FINANCING ...... ....................... 41 6. PROJECT RESULTS ... ....................................... 42 7. STATUS OF COVENANTS ...................................... 43 S. USE OF BANK RESOURCES .... ................................ 44