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Oil, gas exploration work to be held throughout Turkey

Türkiye Materials 3 June 2020 15:35 (UTC +04:00)
Oil, gas exploration work to be held throughout Turkey

BAKU, Azerbaijan, June 3

By Rufiz Hafizoglu - Trend:

The exploration work will be carried out in all 81 provinces throughout Turkey to search for oil and gas until the end of this year, the Turkish Ministry of Energy and Natural Resources told Trend.

“The layers will be explored as part of the exploration work,” the ministry said. "The total cost of the project is 189.9 million Turkish liras [$27.8 million]."

Some 5,063 exploratory wells were drilled during oil exploration operations conducted in Turkey in 2019.

The total depth of exploratory drilling operations exceeded 9.5 million meters in the reporting year.

“The Turkish Petroleum Corporation drilled 3,048 exploratory wells with a total depth of more than 6.1 million meters,” the ministry said.

According to the ministry, the organizations of Turkey’s Mineral Research and Exploration General Directorate (MTA) drilled 104 wells with a total depth of 133,386 meters; and 257 wells with a total penetration of 311,662 meters were drilled by the country’s other companies.

Some 1,312 exploratory wells with a total depth of over 2.2 million meters were drilled by foreign companies, and 342 wells by joint ventures and consortia.

From January through December 2019, TPAO identified 510 deposits, MTA - eight, other Turkish companies - 24, foreign companies - 306, and joint consortia - 93 fields.

The law allowing oil exploration in forests and national parks came into force in Turkey in April 2014.

(1 USD = 6.8181 TRY on June 3)

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