Sunday, November 29News That Matters

Turkey lifts Murky Sea fuel field estimate after new obtain – Erdogan

ISTANBUL — Turkey has raised the estimated reserves in a fuel field off its Murky Sea cruise to 405 billion cubic meters after finding an additional 85 billion cubic meters, President Tayyip Erdogan said on Saturday.

Erdogan said in August the sector contained 320 billion cubic meters of fuel, making it Turkey’s most attention-grabbing pure fuel discovery.

The Fatih drill ship made the discovery about 100 nautical miles north of the Turkish cruise. Even sooner than Saturday’s revision, analysts had said that the obtain represents a most major discovery and became as soon as indubitably one of many most attention-grabbing world discoveries in 2020.

“Work in this borehole has been done after reaching a depth of 4,775 meters as planned beforehand,” Erdogan said, speaking onboard the Fatih.

He said the vessel would launch new operations in a assorted borehole in the identical field, known as Sakarya, subsequent month after returning to port for repairs. One other ship, known as Kanuni, is also headed to the Murky Sea for drilling operations, he said.

If the fuel will most definitely be commercially extracted, the discovery may change into Turkey’s dependence on Russia, Iran and Azerbaijan for energy imports.

Turkey expects the first fuel scoot from field in 2023. One source shut to the matter said an annual fuel scoot of 15 billion cubic meters became as soon as envisaged from 2025. [nL8N2H52Y1

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