Turkey, drilling ship Fatih

Turkey announces discovery of gas reserves in the Black Sea

Erdoğan announced on Friday the largest gas discovery in the history of Turkey, and assured that this reserves are “part of a larger one”.

Turkey has discovered large natural gas reserves in the Black Sea, Turkish President Recep Tayyip Erdoğan explained to the country on Friday when announcing the largest discovery of its kind in the country’s history, a finding that he claimed opens “a new period” for Turkey.

The discovery was made by the Fatih drillship, which found reserves of 320 billion cubic meters of natural gas – equivalent to 7 times Turkey’s gas annual imports in 2019, and with an estimated value of 65 billion dollars – in the the area called Tuna-1, according to the Turkish president, who also assured that “the newly discovered reserves are just part of a larger reserve” and that Turkey “will continue to discover more in the future.”

Erdoğan, who had kept the country in suspense after announcing on Wednesday that this Friday would give “good news” that would start “a new period” in Turkey, said that it is the largest natural gas discovery in the history of Turkey , and that the objective is that the newly discovered reserves may begin to be used in 2023, helping to reduce the external energy dependence of Turkey, which must import all gas and oil.

The Fatih is Turkey’s first drilling ship and left the Turkish port of Trabzon -on the eastern coast of the Black Sea- on June 25 to begin exploration works in search of hydrocarbon reserves in the region; the Minister of Energy and Natural Resources Fatih Dönmez announced then that the Fatih would begin its drilling activities in the Black Sea in mid-July.

Named after Sultan Mehmet II the Conqueror (Fatih Sultan Mehmet in Turkish, who conquered Constantinople), the vessel responsible for the largest natural gas discovery in Turkey’s history has been carrying out drilling activities in the Tuna-1 area, located in the so-called Danube Block on the border between the maritime borders of Bulgaria and Romania, within the inner waters of Turkey.