A recently discovered natural gas field in the Black Sea is set to provide nearly a third of Turkey’s domestic needs when it reaches peak productiA recently discovered natural gas field in the Black Sea is set to provide nearly a third of Turkey’s domestic needs when it reaches peak production capacity by 2027, Energy Minister Fatih Dönmez has told Bloomberg.on capacity by 2027, Energy Minister Fatih Dönmez has told Bloomberg.
Turkey may be able to start with an initial annual production capacity of 3.5 billion cubic meters of gas in 2023, Dönmez said in the interview published on Sept. 27.
The aim would be to increase that to about 15 billion cubic meters annually within four years of first production, roughly one-quarter of the European Union’s output today.
State-run energy company Türkiye Petrolleri AO (TPAO
) plans to drill 40 wells over four phases in the Sakarya field, which is estimated to have recoverable gas reserves of about 540 billion cubic meters.
President Recep Tayyip Erdoğan has touted the find – the biggest ever in the Black Sea – as a boost to Turkey’s $765-billion economy.
The government has no plans to invite international oil companies to operate fields because TPAO has the technical capacity to do it on its own, Dönmez said.
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