TR Oil & Gas Exploration Update & Discussion

[uçuyorum]

Meanwhile solar and wind investment is still lagging

 

[Shtr]

Meanwhile solar and wind investment is still lagging

Would you please show your source about this? Since we have an ambitious goal to reach solar and wind investment, I am curious why you think that we are lagging. Last year we reached our target and Erdoğan's goal is reached.

https://www.iletisim.gov.tr/turkce/haberler/detay/cumhurbaskani-erdogan-cop29-dunya-liderleri-iklim-zirvesinde-konustu

 

[TheInsider]

Oil and gas reserves and resource quantification - Wikipedia

en.wikipedia.org

Discovery and potential does not mean that all of it is economical to pump out.

“Early evaluations suggest the ultimate recoverable reserves could reach 6 Bbbl of oil and 12 to 20 Tcf of gas in the Diyarbakir Basin and 20 to 45 Tcf in the Thrace Basin.”

Oil reserve is huge.15 years of Turkish consumption at the current rate. Gas is also big. 20 years of Turkish consumption at the current rate if we assume 15 Tcf recoverable gas from Diyarbakır basin (12 to 20 Tcf) and 30 Tcf from Thrace basin (20 to 45 Tcf) for a total of 45 Tcf (15+30 from two basins).

12 Tcf = 340 billion cubic meters
20 Tcf = 566 billion cubic meters
45 Tcf = 1274 billion cubic meters.

Estimation techniques​

The total estimated quantity (volumes) of oil and/or gas contained in a subsurface reservoir, is called oil or gas initially in place (STOIIP or GIIP respectively).[12] However, only a fraction of in place oil & gas can be brought to the surface (recoverable),[q] and it is only this producible fraction that is considered to be either reserves or a resource of any kind.[18] The ratio between in place and recoverable volumes is known as the recovery factor (RF), which is determined by a combination of subsurface geology and the technology applied to extraction.[13] When reporting oil & gas volumes, in order to avoid confusion, it should be clarified whether they are in place or recoverable volumes.

 

[Saithan]

“Early evaluations suggest the ultimate recoverable reserves could reach 6 Bbbl of oil and 12 to 20 Tcf of gas in the Diyarbakir Basin and 20 to 45 Tcf in the Thrace Basin.”

Oil reserve is huge.15 years of Turkish consumption at the current rate. Gas is also big. 20 years of Turkish consumption at the current rate if we assume 15 Tcf recoverable gas from Diyarbakır basin (12 to 20 Tcf) and 30 Tcf from Thrace basin (20 to 45 Tcf) for a total of 45 Tcf (15+30 from two basins).

12 Tcf = 340 billion cubic meters
20 Tcf = 566 billion cubic meters
45 Tcf = 1274 billion cubic meters.

Those are some big numbers. I worry that it might have adverse effect on fertile soil, underground water reservoirs and such. Especially if greed takes over and they start fracking without control.