Turkey discovers 1 bln barrels of oil in southeast field

Turkiye Petrol Rafinerileri AS

04/05/2023 07:09

ISTANBUL, May 4 (Reuters) - Turkey has discovered 1
billion barrels of oil in a field in the southeast province of
Sirnak, Turkish Petroleum (TPAO) said late on Wednesday, in the
largest onshore oil find in the country.
    TPAO has drilled 2,771 metres deep so far and found a more
than 162 metre light oil-bearing reservoir, it said, with
further prospects to be explored in the area.
    The well, called Sehit Aybuke Yalcin-1 and located 20
kilometres (12 miles) northwest of Cizre town, currently
produces some 10,000 barrels of oil per day, TPAO said.
    The state oil company said it would drill back-to-back
appraisal wells and construct the full field development plan by
the end of the year. The production target is set for 100,000
barrels per day, more than doubling Turkey's oil production.
    Turkey, which has little oil and gas, imports nearly all of
its energy needs. The country consumed 246 million barrels of
imported crude oil in 2022, in addition to 29 million barrels of
locally produced crude oil, according to official data.
    Turkey is dependent on imports from Russia, Azerbaijan and
Iran, as well as liquefied natural gas imports. Ankara is also
developing a 710 billion cubic-metre natural gas field in the
Black Sea for production.

 (Reporting by Can Sezer
Writing by Ali Kucukgocmen
Editing by Mark Potter)
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+905319306206; Reuters Messaging: Reuters Messaging:
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