Skip to content Skip to Search
Skip navigation

Turkey ramps up output at its largest Black Sea gas field

Turkey Sakarya gas Reuters/Lucy Nicholson
The Q4 outlook on demand is quite healthy said Vitol Bahrain's managing director Kieran Gallagher

Turkey has increased daily natural gas production in its offshore Sakarya gas field in the Black Sea to four million cubic meters (mcm), according to Melih Han Bilgin, CEO of Turkish Petroleum Corporation.

The country has set a production target for the first phase of the field of 10 million cubic metres of natural gas per day.

“We will move forward by optimising and better understanding the realities of reservoir capacity in the field,” Daily Sabah newspaper reported, citing Bilgin’s speech during the Petroleum and Natural Gas Congress and Exhibition of Türkiye.

Bilgin said that the world’s largest offshore discoveries, including Sakarya, were made in the Black Sea, adding that production in the field would gradually increase.

In August 2020, 320 billion cubic metres (bcm) of natural gas were discovered in the Tuna-1 well in the Sakarya field. Another 85 bcm was found in October 2020, taking the total quantity of discovered gas reserves to 405 bcm.

The Black Sea gas reserves reached 540 bcm following the discovery of 135 bcm from the Amasra-1 well in June 2021, the newspaper said.

In December 2022, President Recep Tayyip Erdoğan said that the country’s drillship Fatih discovered an additional 58 bcm of natural gas reserves at the Çaycuma-1 block in the Black Sea.

Ankara’s total gas reserves reached 710 billion cubic metres at the end of 2022, with a market value estimated at $1 trillion.

Latest articles

DMCC CEO Ahmed Bin Sulayem says there is 'there is plenty of untapped potential' for UAE trade with Japan

Dubai free zone to build on UAE-Japan trade

A Dubai free zone has concluded a trade roadshow in Japan as the UAE looks to increase non-oil bilateral trade, which was worth nearly $7.5 billion in the first half of 2023. Dubai Multi-Commodities Centre (DMCC) said its first Made for Trade Live roadshow in Japan focused on web3, gaming and artificial intelligence. DMCC contributes […]

Executives from the UAE's Edge Group and Brazil's Condor sign the stake acquisition deal

UAE’s Edge Group buys stake in tear gas manufacturer

The UAE’s state-owned defence company Edge Group has acquired 51 percent of a Brazilian company which specialises in the manufacture of non-lethal technologies (NLT) such as tear gas and rubber bullets. Condor Non-Lethal Technologies (Condor) has presence in more than 85 countries and is the world’s largest producer of tear gas and related products for […]

2REKCFR Soroako, Indonesia. 28th July, 2023. A worker seen in action at Nickel mine, operated by PT Vale Indonesia in Sorowako. U.S. Geological Survey Shows that Indonesian nickel reserves ranked first, reaching 21 million tons or equivalent to 22% global reserves. Credit: SOPA Images Limited/Alamy Live News

Manara takes a $2.5bn stake in Brazilian mining giant

Manara Minerals, a joint venture between Saudi Arabian Mining Co (Maaden) and the sovereign Public Investment Fund (PIF), has completed a $2.5 billion deal to acquire a stake in a subsidiary of Brazilian giant Vale. Maaden said in a filing to the Saudi Exchange that it has acquired 10 percent of Vale Base Metals Limited […]