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Turkey discovers 1bn barrels of oil in southeast field

Oilfield, Bulldozer, Transportation Reuters/Nick Oxford
The gas well drilling programme will boost Dana Gas' production by 30 million cubic feet of gas per day in Egypt

Turkey has discovered 1 billion barrels of oil in a field in the southeast province of Sirnak, Turkish Petroleum said, in the largest onshore find in the country.

Turkish Petroleum has drilled 2,771 metres deep so far and found a more than 162 metre light oil-bearing reservoir, it said, with further prospects to be explored in the area.

The well, called Sehit Aybuke Yalcin-1 and located 20km northwest of Cizre town, currently produces some 10,000 barrels of oil per day.

The state oil company said it would drill back-to-back appraisal wells and construct the full field development plan by the end of the year. The production target is set for 100,000 barrels per day, more than doubling Turkey’s oil production.

Turkey, which has little oil and gas, imports nearly all of its energy needs. The country consumed 246 million barrels of imported crude oil in 2022, in addition to 29 million barrels of locally produced crude oil, according to official data.

Turkey is dependent on imports from Russia, Azerbaijan and Iran, as well as liquefied natural gas imports. Ankara is also developing a 710 billion cubic-metre natural gas field in the Black Sea for production.