Turkey has made its biggest-ever pure fuel discovery within the Black Sea, President Recep Tayyip Erdo?an introduced Friday.
In a historic announcement intently watched by tens of millions in Turkey and adopted from many capitals worldwide, Erdo?an mentioned some 320 billion cubic meters (bcm) of pure fuel was found within the Black Sea’s Tuna-1 zone the place Turkey has been finishing up exploration actions, noting “the newly found reserves are solely a chunk of a bigger useful resource,” and the nation “will proceed to find extra within the close to future.”
Millions throughout Turkey waited patiently for three p.m. on Friday after Erdo?an mentioned Wednesday he had “excellent news” that can mark a “new interval” for Turkey.
The president mentioned Turkey has lengthy been depending on overseas corporations for oil and fuel exploration actions, including that steps to nationalize these efforts have been launched throughout Finance Minister Berat Albayrak’s time period because the nation’s power minister. Erdo?an particularly thanked Albayrak and present Energy Minister Fatih Dönmez for pioneering the tasks.
Turkey’s pure useful resource exploration actions have been initiated and gained floor through the interval when Albayrak served as power and pure sources minister between 2015 and 2018.
He was appointed to guide the Treasury and Finance ministry within the new Cabinet after Turkey switched from a parliamentary system to the present presidential system in 2018 after the vast majority of Turkish voters opted to create the brand new system.
Erdo?an underlined that the nation’s mineral exploration coverage modified in 2017, and Ankara commissioned three drilling ships together with two seismic vessels not solely within the Black Sea but in addition within the Eastern Mediterranean. The newly found reserves are anticipated to be accessible for public use in 2023, he additionally mentioned.
“We do not need the slightest exterior dependency in our analysis actions that we carry out effectively beneath world costs. We have achieved this success as a result of we act with native and nationwide sources,” Erdo?an mentioned.
Turkey’s first oil and fuel drilling vessel, Fatih, set sail from northern Turkey’s Trabzon on June 25 for its long-awaited drilling mission within the Black Sea following the completion of set up tasks. The Fatih drillship joined the Turkish Petroleum Corporation (TPAO) stock in 2017, throughout Minister Albayrak’s time period as an power minister.
Fatih was set to begin its first drilling actions within the Black Sea within the Tuna-1 zone in mid-July, Dönmez introduced on the time.
The newly found pure fuel was discovered through the ninth spherical of deep drilling, Dönmez mentioned Friday, throughout a dwell broadcast from the drillship Fatih.
“The Tuna-1 effectively is positioned on the seabed at a depth of two,100 meters (6,890 toes). We drilled 1,400 meters additional, the place we hit the fuel reserve. We will drill an additional 1,000 meters the place two extra layers are anticipated,” Dönmez mentioned, highlighting that the standard of found fuel can also be excessive, “which is able to probably have an effect on (lower) potential value of extraction.”
Named after Istanbul’s Ottoman conqueror Sultan Mehmed II, the vessel has been finishing up actions within the area the place drilling work had been suspended for an prolonged time frame.
The Tuna-1 zone is positioned off the mouth of the Danube block on the crossroads between the Bulgarian and Romanian maritime borders throughout the inland waters of Turkey.
(Source and picture: Daily Sabah)

The publish TURKEY ANNOUNES HISTORIC GAS FIND IN THE BLACK SEA appeared first on Energy Global News.

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