oil well

Turkey announces the discovery of new oil reserves

Erdoğan confirmed the discovery of 3 new oil wells in Turkey that will increase crude oil production by 7,000 barrels per day.

Turkey announced on Thursday the discovery of new oil reserves in its territory, as confirmed by the country’s president, Recep Tayyip Erdoğan, less than a year after the Eurasian country confirmed the discovery of natural gas reserves in the Black Sea sufficient to cover the domestic gas consumption needs of Turkish households for 25 years.

The new reserves, discovered in the last month, have been located in two oil wells in the province of Diyarbakır, in southeastern Turkey, while a third drilling in which oil has been found is in the province of Kırklareli, in the northwest of the country, as explained by the Turkish president during a public appearance.

These new discoveries will add another 6,800 barrels of oil a day to Turkey’s production, Erdoğan explained in his speech. “Our average national production now exceeds 61,000 barrels of crude per day,” said the Turkish president.

Following the announcement of the discovery of new oil reserves in Turkey, the country’s Minister of Energy and Natural Resources, Fatih Dönmez, explained through Twitter that the new production will be 2,800 and 3,000 barrels of crude per day from the Akoba-1 and Yenişehir-1 wells in Diyarbakır, respectively, while it will be 1,000 barrels per day in the Misinli-2 well in Kırklareli. Dönmez also did not rule out new gas discoveries in the Black Sea: “Let’s wait for the work to finish in June,” he said.