TR Oil & Gas Exploration Update & Discussion

[TheInsider]

Konya-based Petromak will produce mobile deep drilling rigs for the Gabar project.

Petromak Drilling Technologies

Petromak Drilling Technologies, Mobile Rigs and Equipments

www.petromak.com.tr

 

[TheInsider]

Did you guys remember the olive farmer in Manisa who found an oil-like substance? TPAO set up a pumpjack and started trial production from a shallow(200-300m) reservoir. TPAO will drill another shallow well 500m away from the first well and TPAO will conduct gravity and seismic surveys in the area to drill a deep well. The extracted oil is sent to the Aliağa refinery for evaluation. It is reported that the oil is of high quality.

https://twitter.com/i/web/status/1655648767004008450

Manisa'daki petrol kuyusunda numune çıkarılmaya başlandı

Manisa'nın Salihli ilçesinde geçen yıl Türkiye Petrolleri Anonim Ortaklığı (TPAO) tarafından açılan kuyuya kurulan atbaşı pompayla numune çıkarılmaya başlandı. - Anadolu Ajansı

www.aa.com.tr

 

[TheInsider]

Did you guys remember the olive farmer in Manisa who found an oil-like substance? TPAO set up a pumpjack and started trial production from a shallow(200-300m) reservoir. TPAO will drill another shallow well 500m away from the first well and TPAO will conduct gravity and seismic surveys in the area to drill a deep well. The extracted oil is sent to the Aliağa refinery for evaluation. It is reported that the oil is of high quality.

https://twitter.com/i/web/status/1655648767004008450

Manisa'daki petrol kuyusunda numune çıkarılmaya başlandı

Manisa'nın Salihli ilçesinde geçen yıl Türkiye Petrolleri Anonim Ortaklığı (TPAO) tarafından açılan kuyuya kurulan atbaşı pompayla numune çıkarılmaya başlandı. - Anadolu Ajansı

www.aa.com.tr

@Nutuk You might be rich sooner than you expect

 

[what]

@Nutuk You might be rich sooner than you expect

Salihli is my territory, Nutuk stay away

 

[Merzifonlu]

Salihli is my territory, Nutuk stay away

I plan to retire after September 15. What if I buy an olive grove in Salihli?

 

[what]

I plan to retire after September 15. What if I buy an olive grove in Salihli?

For some reason, everything in and around Salihli is expensive. Even a decent sized piece of land around our village could have got us double the size in another region next door. And people are not willing to sell to someone if his family is not from the region, so good luck

But you can keep the olive oil but leave the black one to us.

 

[Nutuk]

@Nutuk You might be rich sooner than you expect

I wish, I have 3 olive fields in Manisa (merkez) but Salihli is 60km away. Please God (Allahim) I'll be a good boy, make me rich

 

[TheInsider]

I wish, I have 3 olive fields in Manisa (merkez) but Salihli is 60km away. Please God (Allahim) I'll be a good boy, make me rich

It seems that the currently exploited shallow reservoir is the result of oil from the deep seeping from the fault cracks and forming smaller, shallow(200-300m deep) reservoirs. If seismic and gravity data ends up being good a deep well similar to Gabar Aybüke Yalçın well will be drilled. The location of the deep well will be determined by those studies so you still have a shot 60km is not that far away direct distance should be even shorter.

 

[YeşilVatan]

Salihli is my territory, Nutuk stay away

We are one generation away from political polarization based on who Nutuk or what funds. I, for one, welcome our oil sheikh overlords.

 

[Huelague]

Some countries by their oil reserves(barrel, US EIA)and their rank in the world:



1. Saudi Arabia 258bn
3. Iran 208bn
8. UAE 98bn
9. Russia 80bn
11.US 47bn
16.China 26bn
20.Norway 8bn
22.Azerbaijan 7bn
32.UK 2.5bn
33.Syria 2.5bn
37.Australia 2.4bn

Can we climb this ladder up to Norway? Is the potential there?

1. Venezuela 297 bn!

 

[TheInsider]

Venezuela has an insane amount of oil but unfortunately, it is of low quality. It has high API and looks like mud rather than oil.

 

[YeşilVatan]

Venezuela has an insane amount of oil but unfortunately, it is of low quality. It has high API and looks like mud rather than oil.

How hard/expensive is processing that oil? Can a few billion dollars worth of investment solve that issue?

 

[TheInsider]

How hard/expensive is processing that oil? Can a few billion dollars worth of investment solve that issue?

No, it is a matter of cost, not a technological shortage. Why should I buy your expensive gasoline when I can buy it from another seller for half the price?

Most of the time low-quality oil is mixed with high-quality oil before processing it in the refinery to lower refining costs. Extracting mud-like oil is also expensive so extracting low API oil is expensive, refining is also expensive, the price and the competitive strength of the end product are lower. That is why Gabar oil is valuable.

 

[Huelague]

Venezuela has an insane amount of oil but unfortunately, it is of low quality. It has high API and looks like mud rather than oil.

It has same quality as Russian oil. Thats why USA going to import oil from Venezuela.

 

[TheInsider]

It has same quality as Russian oil. Thats why USA going to import oil from Venezuela.

List of crude oil products - Wikipedia

en.wikipedia.org

Most of the Venezuelan reserves have low API and high sulfur percentages.

 

[Agha Sher]

Wow. Claims of roughly another 1.5 billion barrels discovery in the Gabar area!

https://twitter.com/i/web/status/1656562516737097728

@TheInsider

 

[Deliorman]

Ziyaaaaa!


By Sunday the barrels will probably go up to at least 3 billion.

 

[Profchaos]

Wow. Claims of roughly another 1.5 billion barrels discovery in the Gabar area!

https://twitter.com/i/web/status/1656562516737097728

@TheInsider

What you need to learn about these discoveries is that they pop up during election time and they just disappear right after the election.

 

[TheInsider]

What you need to learn about these discoveries is that they pop up during election time and they just disappear right after the election.

We will see. Those discoveries are different. Many people said the same things about the Blacksea Gas discovery.

 

[dBSPL]

TPAO started drilling activities at the Martyr Aybüke Yalçın-2 (ŞAY-2) well in Gabar Mountain.

Approximately 100 wells will be drilled in the zone within 2 years. The Field Development Plan is underway and there is a positive expectation that the total economic reserve size at Gabar will increase further.