In general, we can expect more of the same.
That’s what Enverus regional director for the Middle East in the Global Scout Network, Johannes Sobotzki, thinks, according to a statement sent to Rigzone.
“Based on Erdogan’s nationalist agenda, Turkey’s national oil company TPAO has significantly increased exploration activities over the past few years, including the purchase of four drillships,” Sobotzki told Rigzone.
“This has had some success, leading in 2020 to the discovery of the Sakarya gas field (>14 trillion cubic feet) in the Black Sea and the recent announcement of an onshore discovery of one billion barrels of oil ( in situ) in the southeast. Turkey,” he added.
“By 2023, TPAO plans to drill more than 200 wells,” he continued.
Sobotzki told Rigzone that the goal is to become less dependent on energy imports again and reduce the trade deficit.
“Currently, Turkey is heavily dependent on gas imports from Azerbaijan, Iran and Russia,” he said.
“Greater energy independence would also allow Erdogan to leverage his position as a middleman for transporting gas through Turkey to Europe,” Sobotzki added.
At the 9th Southern Gas Corridor Advisory Council meeting held in February in Baku, the capital of Azerbaijan, Turkish Energy and Natural Resources Minister Fatih Donmez said the country is open to cooperation for the expansion of gas supply through the Southern Gas Corridor to allow greater security of supply. the European Union, highlighted a statement published on the website of the Turkish Ministry of Energy.
During a speech in Baku, Donmez said that Turkey offers the most suitable route and the most reliable port to increase security of supply to the EU, the statement said.
“He urged more cooperation in the face of the energy and climate crisis and amid the transition to green energy,” the energy ministry said in the statement.
“This goal, he said, Turkey is open to cooperation and partnerships to transform the Southern Gas Corridor, the natural gas route from the Caspian and Middle East regions to Europe, into a corridor where can transport green energy,” the ministry added. .
“Currently, negotiations are underway to increase the corridor’s capacity to incorporate new energy markets and resources that will enable this green energy transformation,” the ministry continued.
‘Gigantic’ discovery
In a statement published on its website last month, TPAO announced that it had made a “gigantic” discovery of one billion barrels of oil in place at the Şehit Aybüke Yalçın-1 exploration well in the border area of Cudi- boast
The Şehit Aybüke Yalçın-1 well was drilled 20 kilometers northwest of Cizre and 7 km northeast of the Şehit Esma Çevik field, which TPAO noted produces approximately 10,000 barrels per day. The company disclosed that the well was drilled to a total depth of 2,771 meters and encountered more than 162 meters of light oil reservoir. The find represents the largest oil discovery in Turkey, TPAO said in the statement.
“This exploration success is expected to provide a significant boost to Şırnak’s economic growth in the coming decades and help achieve Turkey’s goal of energy independence,” the company said in the announcement.
“This is the largest onshore discovery in Turkey and gives TPAO the opportunity to build a new regional office in Şırnak,” TPAO President and CEO Melih Han Bilgin said in a company statement.
“Developing Şehit Aybüke Yalçın and Şehit Esma Çevik with further discoveries will not only channel capital to stimulate the economy in Şırnak, but also allow TPAO to build a state-of-the-art oil refinery to unlock the region’s potential, including fields of neighboring countries”. added.
“TPAO will continuously drill appraisal wells and conduct well tests to build the full field development plan through the end of 2023,” he continued.
TPAO was established to carry out hydrocarbon exploration, drilling, production, refining and marketing activities on behalf of the Republic of Turkey under Law 6327 in 1954, the company’s website shows.
It continued exploration, production, refining, marketing and transportation activities until 1983 as an integrated oil company and has been acting as a state-owned oil exploration and production company since the legal regulations made in 1983 and some other changes more recent, the site notes.
Sworn President
Recep Tayyip Erdoğan was recently inaugurated in the Grand National Assembly of Turkey (GNAT), the website of the Presidency of the Republic of Turkey showed. He was re-elected president in the May 28 election with 52.18 percent of the vote, the site noted.
“Received with a military ceremony by the Acting Chairman of the GNAT, Devlet Bahçeli, upon his arrival at the parliament, President Erdoğan inspected the Presidential Honor Guard and proceeded to the General Assembly Hall with his woman, First Lady Emine Erdoğan, through the Door of Honor.” the website noted in a statement released on June 3.
“Upon his arrival at the General Assembly Hall, President Erdogan was greeted with a standing ovation by parliamentarians and other guests. Acting President Bahçeli presented his certificate of election to President Erdogan,” added.
President Erdogan took the oath under Article 103 of the Constitution, highlighted the venue, adding that afterwards, Erdogan, MPs and guests sang the Turkish national anthem, the March for Independence.
In a statement published on the website of the Presidency of the Republic of Turkey on May 28, Erdogan said that “the winner of both the May 14 and May 28 elections is the whole of our 85 million citizens”.
“We had said that we would win so that no one would lose. Consequently, the only winner today is Turkey,” he added, the statement shows.
“I would like to thank each and every member of our nation who once again gave us the responsibility to govern the country for the next five years with the choice they made. Inshallah we will be worthy of your trust , as we have done for the past 21 years,” Erdogan continued, according to the statement.
To contact the author, please send an email andreas.exarcheas@rigzone.com
