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New finds including the recent Turkish Black Sea discoveries will further bring down the gas prices in international market that East Med finds become less and less valuable. There is no chance that the EastMed gas can be pipelined to Europe due to excessive cost. They should probably try to sell electric instead. Even Turkey can buy electric from time to time now that we are buying nuclear electric from Russia. If the world goes back to the way it was before pandemic that is.No EU funds for future pipelines will make the Southern Cypriots discoveries less feasible or at least but another nail in the coffin of their planned pipeline.
any good news from Mediterranean Sea ?
I do not think Turkey or the government is going to reveal anything until everything is mapped.any good news from Mediterranean Sea ?
In a way this is quite good. Map it all! Find out if it is worth fighting for; and then put it on bargaining table if it is not worth it against areas that contain potential reserves.I do not think Turkey or the government is going to reveal anything until everything is mapped.
It is for now but each drop is important for energy balance and decreasing imports, lets hope that exploration drilings will continue and that you will find more rich wells.Turkey announces oil discovery at 3 new onshore wells
Turkey has discovered oil in three new onshore wells over the last month, the nation’s president announced Thursday.The oil has been found at two wells...www.dailysabah.com
Isn't the output a bit low ?
That only matters if you can breakeven with the cost. Which means you cover all the expenses related to investment and operating the wells.It is for now but each drop is important for energy balance and decreasing imports, lets hope that exploration drilings will continue and that you will find more rich wells.
I understamd that quantities are simbolic but lets look it as long term investnemt and aquiring know how for potential bigger explotation, in theory you should find bigger wells in that region considering that areas south of it are rich with oil. I hope to the best, finding those kind of fields wuold be turning point for Turkey in every direction possible.That only matters if you can breakeven with the cost. Which means you cover all the expenses related to investment and operating the wells.
We have had plenty of experience from the wells in Batman (Turkey) from back before 1970. Though some have said that RTE and AKP got rid of all the experience personnelle and people who have been involved in all these projects.I understamd that quantities are simbolic but lets look it as long term investnemt and aquiring know how for potential bigger explotation, in theory you should find bigger wells in that region considering that areas south of it are rich with oil. I hope to the best, finding those kind of fields wuold be turning point for Turkey in every direction possible.
Shit talkers are inevitable, believing them is optional.We have had plenty of experience from the wells in Batman (Turkey) from back before 1970. Though some have said that RTE and AKP got rid of all the experience personnelle and people who have been involved in all these projects.
Batı Raman oil field - Wikipedia
en.wikipedia.org
There was some talk back some years ago that there is a lake of oil under southeast Anatolia but the oil was thick and was not economical to extract. Some CO2 tech was needed. If tech becomes cheaper the cheap can get the tech.Turkey announces oil discovery at 3 new onshore wells
Turkey has discovered oil in three new onshore wells over the last month, the nation’s president announced Thursday.The oil has been found at two wells...www.dailysabah.com
Isn't the output a bit low ?