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Turkish state oil company hit 320 million cubic meter gas deposit

Turkish state oil company hit 320 million cubic meter gas deposit

Turkish President Recep Tayyip Erdogan reported that a 320 million cubic meter of gas deposit at the Tuna-1 well in the Black Sea was hit by the nation's state oil company.

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According to experts, the discovery could transform Turkey's energy sector overnight if it can resolve the technological challenges.

“Even if the official 320 billion cubic meter figure given by President Tayyip Erdogan when he announced the discovery is treated as an estimate of gas in place, this is Turkey’s biggest-ever find – by a wide margin – and one of the largest global discoveries of 2020," said Wood Mackenzie analyst Thomas Purdie in a research note.

The news comes as Turkey doubles on a controversial oil deposit discovery plan in disputed east Mediterranean waters. The drillships and seismic survey vessels of Turkiye Petrolleri have been working in Cypriot-claimed waters for years, and Turkey has recently dispatched a survey vessel to a portion of Greece's continental shelf claim.

Maritime Business World 

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