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Black and Energy continued its exploration activities in the Mediterranean, Turkey, show that it is determined by new discoveries in this field. Finally, after drilling activities in the Mediterranean, exploration studies in the Black Sea were started in the last period and 320 billion cubic meters of natural gas reserves were found in August. In the first assessments carried out after the discovery in August, energy market experts stated that the most important thing is the new areas that will be found in addition to this 320 billion cubic meter reserve in the region called the Sakarya Gas Field. Fatih Dönmez, Minister of Energy and Natural Resources, mentioned the wealth of the region in his post-discovery remarks and said they hope to find new reserves.
ADDITIONAL EXPLANATION OF THE RESERVATION
In fact, it did. In the ongoing exploration work, it has been announced that there are new reserves in addition to the 320 billion cubic meter reserve in the Sakarya gas field. President Erdogan declared that he will visit the Fatih ship, which was carrying out drilling work in the Black Sea in the previous days, on Saturday, saying: “The news of the natural gas discovered by our Fatih drillship drowned our nation with joy. Good news is coming. On Saturday, we will go to our Fatih drillship, see the work and announce the new reserve amount. ” No statement has been made from official sources on the amount of this reserve. However, some sources claimed that this reserve will be at least 80 billion cubic meters. A few days before the discovery in August, news agencies announced that the amount in the region was 800 billion cubic meters, after which a result of 320 billion cubic meters was obtained.
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NET RESULT EXPECTATIONS
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Some sources we have reached said that things are stricter on this issue and used the following statements: “With the new discovery in the region, we expect the total reserve to exceed 400 billion cubic meters. Here we can talk about an additional reserve of at least 70-80 billion cubic meters. However, clear action is preferred in this regard. The potential of the region is very high. Repeated tests are performed with respect to the new reserve. It is a very delicate process. Test results are constantly reviewed. Based on the results of these tests, the amount of additional reserve to be announced may exceed 80 billion cubic meters. “
30 PERCENT ANNUAL NEED
As the Sure Ellis customer from the Black Sea is expected to cover 25 to 30 percent of total gas consumption in 2026, “Turkey’s need to supply gas for 20-25 years will provide an important contribution to this field. Giving this gas at prices lower than imports, while the contribution of our people, as well as industrial consumers who consume electricity and gas prices as a reflection of this discount, will increase the competitiveness in Turkey’s international trade. We hope that gas will be available for consumption in 3 years. Let’s not forget that Egypt’s Zohr field in the Mediterranean was developed in 28 months. “As a result of ongoing studies in the Black Sea and Eastern Mediterranean, I believe we are moving towards a process that will bring our country’s dependence on foreign energy to a great extent by 2035 and that in 5 years will come news of other great discoveries.
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GAS IN 2 DIFFERENT LAYERS
Noting that 320 billion cubic meters of natural gas discovered in the Sakarya gas field was right at the start of drilling, Global Energy Research Strategy and Research Director Emin Emrah Danış said: “The gas was found in the section where approximately 1,500 meters of drilling were carried out at a water depth of 2,100 meters. The gas reservoir was cut into 2 different layers, one 100-110 meters thick and the other 400 meters thick. Following this 320 billion cubic meter discovery, drilling continued for the two layers, which are said to have the same characteristics, and the new reserve amount is expected to be announced after drilling and testing is completed. .
DO NOT SHOW
The explanation of the new discoveries and the ongoing drilling and seismic energy studies in the Turkish Sea should be read especially for the Eastern Mediterranean as a message of stability expressed by the client, “Turkey’s previous seismic exploration in the Eastern Mediterranean by some countries and polls “They were underestimated in speeches as” ostensible or unsuccessful attempts. ” Turkey is still exploring with its own offshore drilling vessel in the scan with its seismic research vessel will take a maximum of nativism and again with its own national oil company, “he said.
ADVANTAGE IN CONTRACTS
For Turkey every thousand cubic meters of gas received through long-term contracts in the gas pipeline Customers said they paid around 175-185 dollars, he continued: “We are going to extract more gas for goods that we get this gas from imports Sakarya Gas Fields. It will also reduce our import bill and the current account deficit. In addition, it will be a serious negotiating triumph for our country in the possible negotiations for the renewal of long-term natural gas purchase contracts that will begin to expire at from 2021.
