Turkish Energy: Breaking Records and Building Futures – MPI

Turkish Energy: Breaking Records and Building Futures

October oil and natural gas production in Turkey have hit a record high, according to the Energy and Natural Resources Ministry. The ministry revealed that Turkey’s output of crude oil and natural gas in October marked a significant milestone, setting new monthly and daily production records.

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The government noted that the production of natural gas and oil has been steadily increasing in recent months, with October witnessing a surge in production levels. The ministry’s statement indicated that Turkey’s natural gas production exceeded 234.4 million cubic meters (mcm) and domestic crude oil production reached an all-time monthly peak of 3.36 million barrels.

On a daily average, the production of natural gas and oil in October stood at 7.56 million cubic meters and 108,443 barrels, respectively. Detailed data provided by the ministry in an infographic highlighted that the highest oil production of the month was recorded on October 29 at 111,280 barrels, while natural gas production peaked on October 23 at 7.9 mcm.

The increased production levels can be attributed to various factors, including significant developments in oil and gas exploration activities across the country. A major gas field located on the Black Sea coast and the discovery of new deposits in the southeastern Gabar region have contributed to Turkey’s growing oil and gas output in recent years.

According to the government, natural gas production at the Sakarya Field accounted for 84% of all gas production in October, while oil production from the Gabar region made up 46.6% of the nation’s total oil output. Production figures from the Sakarya Gas Field showed a peak of 6.66 mcm on October 23, while Gabar’s oil output reached a high of 52,573 barrels on October 29.

Commenting on the latest production data, Energy and Natural Resources Minister Alparslan Bayraktar emphasized Turkey’s commitment to further developing its oil and gas reserves. He stated that the country has set ambitious targets for 2024, aiming to boost production through new fields, exploration activities, and drilling operations to meet the growing demands for energy.

Bayraktar highlighted the importance of leveraging new opportunities for exploration and discovery, citing the example of the Turkish research ship Oruç Reis, which recently embarked on seismic activities in Somalia. The minister revealed that a new agreement for onshore hydrocarbon exploration in Somalia had been signed between the Somali Petroleum Authority and the Turkish Petroleum Corporation (TPAO), underscoring Turkey’s strategic focus on expanding its energy resources.

The mission of the Oruç Reis research vessel in Somalia is expected to continue for approximately seven months, with the aim of conducting seismic investigations for potential natural gas and oil reserves. Bayraktar reaffirmed Turkey’s commitment to achieving energy independence by striving for new reserves and discoveries both domestically and internationally.

As Turkey moves towards greater self-sufficiency in energy production, the government’s emphasis on boosting oil and natural gas output reflects its long-term vision for a secure and sustainable energy future. The record-setting production levels in October underscore the country’s progress in advancing its oil and gas sector and indicate a promising trajectory for Turkey’s energy development.

Danielle Berry
Danielle Berry

an editor at MPI since 2023.

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