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.

 

[TheInsider]

Sakarya Gas field development phase-1 is completed with only a slight delay. This was a really complex project, and it is done amazingly

https://twitter.com/i/web/status/1914197562992550035

Great work. Daily production is 9.5 million cubic meters. Phase 2 will immediately start after Phase 1.

By the way, this won't affect anything, as Turkish natural gas consumption is 50-60 billion cubic meters per year.

 

[Saithan]

And since we allowed Canada or USA to run the production it means we're not getting the full benefit right ?

All production should go to break even and reduce import. IMO

But tbh I do not know what the government does with it.

 

[begturan]

Sakarya Gas field development phase-1 is completed with only a slight delay. This was a really complex project, and it is done amazingly

https://twitter.com/i/web/status/1914197562992550035

Great work. Daily production is 9.5 million cubic meters. Phase 2 will immediately start after Phase 1.

By the way, this won't affect anything, as Turkish natural gas consumption is 50-60 billion cubic meters per year.

What exactly is the total amount of natural gas and oil produced in Türkiye? I heard that we are currently approaching 15% of the total from both sources, is this true?

 

[duveil]

For natural it is %6 of the total consumption. I dont know about oil ratio.

 

[Lool]

And since we allowed Canada or USA to run the production it means we're not getting the full benefit right ?

All production should go to break even and reduce import. IMO

But tbh I do not know what the government does with it.

Wasnt it a fully domestic project?
I remember reading it was a domestic project long ago on AA as far as I remember?

 

[hugh]

For natural it is %19-20 of the total consumption. I dont know about oil ratio.

9.5 million cubic meters a day makes 3.4 billion cubic meters in a year. If the annual consumption is 56 billion cubic meters then it makes 6% of our needs.

 

[Turkic]

What exactly is the total amount of natural gas and oil produced in Türkiye? I heard that we are currently approaching 15% of the total from both sources, is this true?

For natural it is %19-20 of the total consumption. I dont know about oil ratio.

For oil it is 1/6 (roughly 150/900)

 

[duveil]

I just hope that Turkiye can have a little bit of a leverage over pricing deal with Russia and Iran. Before Ukraine war Russia used to charge us 280$ and sold same gas to europe 120$ .That's my only concern right now.

 

[duveil]

9.5 million cubic meters a day makes 3.4 billion cubic meters in a year. If the annual consumption is 56 billion cubic meters then it makes 6% of needs.

sory you are right. That 'my bad. I changed the post from 20 to 6.

 

[Shtr]

Is it announced phase 2 details?

I will add links what I found about it.

Sakarya Gaz Sahası'nda Faz-2 başlıyor - Akyazı Havadis

Türkiye'nin enerji kaynaklarını yerli üretimle karşılamayı hedefleyen Sakarya Gaz Sahası'nda yeni bir aşamaya geçiliyor.

www.akyazihavadis.com

 

[Saithan]

It says that it's TPAO and SOCAR that runs the Sakarya field. I don't know how much populations consumption is compared to business consumption. But companies should be forced to diversify their investment to secure alternative sources for their production.

Turkey Natural Gas: Consumption, 1982 – 2024 | CEIC Data

Turkey Natural Gas: Consumption was reported at 4.686 Cub ft/Day bn in Dec 2023. This records a decrease from the previous number of 4.958 Cub ft/Day bn for Dec 2022.

www.ceicdata.com

We need to secure Sustainable production without being heavily reliant on fossils.