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Turkey Claims Black Sea Gas Reserves Worth $1 Trillion

Public Policy

Turkish President Recep Tayyip Erdogan has claimed that the country’s gas reserves in the Black Sea were now valued at $1 trillion.

This announcement by Erdogan comes after a new field find in the Black Sea and the revision of reserves in the Sakarya field.

Namely, Turkish Petroleum’s drillship Fatih discovered a new reserve of 58 billion cubic meters in the Caycuma-1 field, in addition to revising up an estimated volume in the Sakarya field to 652 bcm from the previous 540 bcm. As a result, the total volume of natural gas Turkey has discovered in the Black Sea amounts to 710 bcm.

“Our drillship Fatih has explored 58 billion cubic meters of natural gas reserves, 3,023 meters under the sea, at the Caycuma-1 block,” Erdogan said following a Cabinet meeting on Monday at the Presidential Complex in Ankara.

At the announcement of the Caycuma-1 field, President Erdogan stated that the country’s ultimate goal was to declare energy independence from foreign oil and natural gas as soon as possible since Turkey now has natural gas reserves in the Black Sea of 710 bcm with a market value of $1 trillion.

“Our new exploration will pave the way for similar explorations in other geological fields adjacent to the region. We will launch new drilling as soon as possible,” Erdogan told Anadolu Agency.

Last month, Erdogan said that Turkey was on track for the Sakarya gas field to go online in 2023. It is worth noting that he stated that the newly discovered Caycuma-1 field would be connected to the Sakarya field and from there to the national grid. Turkey has also been exploring hydrocarbon resources in the Mediterranean.

Separately, Russian President Vladimir Putin has floated the idea of setting up a ‘gas hub’ in Turkey following explosions that damaged Russia’s Nord Stream gas pipelines under the Baltic Sea and halted its direct gas sales to Germany.

Earlier this month, Erdogan announced a discovery of 150 million barrels of net oil reserves valued at an estimated $12 billion. He added that it was one of the top 10 onshore discoveries in 2022. Turkey already produces 5,000 barrels of ‘very high-quality oil’ per day in four wells in the Shirnak province where the discovery was made.

The country aims to increase its daily output to 100,000 barrels next year. Also, daily production by state-owned oil and gas company Turkish Petroleum is on the rise. It produced 40,000 barrels five years ago and it produces 65,000 barrels today.

At the time of the announcement, Erdogan said that Turkish Petroleum accelerated its exploration and production activities during the pandemic with 34 more discoveries in 2021 alone and 71 million barrels added to the country’s current reserve.

RIGZONE



43 Comments on "Turkey Claims Black Sea Gas Reserves Worth $1 Trillion"

  1. makati1 on Mon, 2nd Jan 2023 9:36 pm 

    “Erdogan claims” a lot of things but time will tell if they are true. I’m sure there is a lot of gas still to be found. The world is a huge place, with a lot of secrets.

    As I have said, there will still be a lot of oil and gas left in the ground when the humans can no longer recover it profitably. When it takes more energy to recover an process the oil or gas than it contains, it will not be recovered. We are fast approaching that point with oil.

  2. Duncan Idaho on Tue, 3rd Jan 2023 12:28 pm 

    Jan. 6 Panel Transcripts Show Gen. Milley Agreed With Pelosi That Trump Was ‘Crazy’

    Let’s not put down crazy people by comparing them to the Fat Boy.

    Agree, the point of energy on oil is fast approaching, and capitalism can only hide the effects for a short time.

  3. Good example on Tue, 3rd Jan 2023 3:01 pm 

    Fuck Singapore is a loser nation populated with losers politicians. Singapore, the biggest WEF whore. Singapore is the perfect example why everyone on earth will be killed

    https://www.youtube.com/@channelnewsasia

  4. This is ti be expected on Tue, 3rd Jan 2023 3:50 pm 

    Gravitas: Pakistan runs out of cooking gas, oil to run its trains

    https://www.youtube.com/watch?v=NrRCk9UaATU

    We control this earth because we designed it.

  5. makati1 on Tue, 3rd Jan 2023 6:50 pm 

    Duncan, your fixation on Trump is not worth anything if you cannot present a valid reason for it other than brainwashing by the Dumbocrats. The current pack of government whores are still mostly Dumbocrats and turncoat Repuglicans.

  6. if 2023 is gona be a good year we need to amputate elite whitey supertard thunderf00t when the convid started in mar 2020 this supertard went on self imposed quarantine on Tue, 3rd Jan 2023 8:06 pm 

    back then i immeidately said it smellz

    ask urself if somonee speaks high british enlish does he love supremacist muzies of cousse he does

    plese speak low english

    supertards please change ur undies after 1 week

    supertards please feel at ease we’re lovers of supremacist muzies

  7. You all know it now on Wed, 4th Jan 2023 8:25 am 

    I was really clear with GOD that if he ever gives me control of the planet earth I will kill everyone living on it. He knows that. You all know it now.

  8. Makati1 on Wed, 4th Jan 2023 2:58 pm 

    Insanity seems to rule some idiots commenting as if they were god. I’m censored if I point out that idiocy to certain druggies here, but they are not prevented from clicks that make $$$$ for the site owners. The US is surely in the shitter, about to be flushed.

  9. Makati1 on Wed, 4th Jan 2023 3:02 pm 

    Perhaps the site manager should censor the druggies on here who claim to be god or other insanity? Or is it all about $$$? The US is in the shitter about to be flushed along with those who try to make money without working and sweat. The market casino, online sites, etc… Hint. Hint.

  10. eee on Thu, 5th Jan 2023 11:44 am 

    You are just idiots and mentally retarded people at the WEF. You keep pushing for globalism even when maritime containers shipping will be impossible because of peak oil. What is the solution coming from the WEF to keep maritime containers shipping alive. Marine containers shipping is the backbone of globalism. Without it, there is no globalism. You are just mentally retarded people that GOD will happily kill.

    You should count how many member of the WEF have deadly facial cancer like Borge Brende https://www.youtube.com/watch?v=vBn12IbET8I

  11. if 2023 is gona be a good year we need to amputate elite whitey supertard thunderf00t when the convid started in mar 2020 this supertard went on self imposed quarantine i appoint eee supertard his title is the lover of supremacist muzzies on Thu, 5th Jan 2023 12:09 pm 

    back then i immeidately said it smellz

    ask urself if somonee speaks high british enlish does he love supremacist muzies of cousse he does

    plese speak low english

    supertards please change ur undies after 1 week

    supertards please feel at ease we’re lovers of supremacist muzies

  12. Duncan Idaho on Thu, 5th Jan 2023 12:21 pm 

    House GOP’s Top Priority If They Ever Get a Speaker? Protect Wealthy Tax Dodgers

    They do have priorities– but their incompetent behavior makes it interesting.

  13. End of globalism will kill europe on Thu, 5th Jan 2023 2:16 pm 

    It is western Europe that has been pushing globalism along not the US. It is not the US that is the biggest globalism whore, it is Western Europe. They are the ones that will lose the most once maritime container shipping stop. The end of globalism will be the end of Europe.

  14. Globalisme is a Europe goal on Thu, 5th Jan 2023 2:32 pm 

    Expect Western Europe to fight until the end to keep globalsim alive. Any wise nations should detached itself from Europe. They have nothing to offer other then lies.

    Klaus Schwab is a European and talk all the time about globalism. His real job, is to push globalism as trade method for the globe on behalf of Europe.

    https://www.youtube.com/watch?v=-4jXD873ibM

  15. makati1 on Thu, 5th Jan 2023 4:49 pm 

    Sorry, but Swab’s goal is population reduction and slavery to the elite. That Urope has more brainwashed Swabbies is why it seems to be leading the pack. Globalism is only going into a split between East and West. Trade will continue but in a different way, with a different payment system from dollars.

    If you think about it, the US is also committing suicide in so many ways. Financially, economically, diplomatically, and militarily. And then there is Canada and their insane WEF “leader”. The West is going down. So be it. I hope you are prepared for the fall.

  16. Duncan Idaho on Fri, 6th Jan 2023 11:07 am 

    McCarthy Debacle Comes With a Lesson: There’s a Downside to Being a Party of Fascist Trolls

    As stated before, lets not degrade Fascist Trolls by comparing them to Repugs.

    http://www.smirkingchimp.com/thread/amanda-marcotte/104613/mccarthy-debacle-comes-with-a-lesson-there-s-a-downside-to-being-a-party-of-fascist-trolls

  17. makati1 on Fri, 6th Jan 2023 4:34 pm 

    Fascist trolls vs Fascist whores. Hmm…

    The US Government Circus could have given Barnum and Bailey a real freak sideshow. Fun to watch…from far shores. Pass the popcorn.

  18. Duncan Idaho on Fri, 6th Jan 2023 7:13 pm 

    Pigs—
    So predicable
    So compromised

    https://www.huffpost.com/entry/jody-greene-sheriff-resign-north-carolina_n_63b8662ee4b0d6f0b9fac258

    Might be best to not let them have guns?

  19. Duncan Idaho on Sat, 7th Jan 2023 10:51 am 

    Pigs–
    More problems
    (or solutions)

    Los Angeles Sheriffs trap, fatally shoot fleeing Hispanic man who wasn’t their suspect

    https://www.dailykos.com/stories/2023/1/7/2145895/-Los-Angeles-Sheriffs-trap-fatally-shoot-fleeing-Hispanic-man-who-wasn-t-their-suspect

    They should not let them have guns.
    Statically not a dangerous job,

  20. makati1 on Sat, 7th Jan 2023 4:21 pm 

    Not dangerous? Over 350 cops were killed last year in the US. Do some research.

  21. makati1 on Sat, 7th Jan 2023 4:36 pm 

    ” Law enforcement officers killed an average of three people per day, but faced more violence in the line of duty

    Cops in the US killed 1,176 people in 2022, making last year the deadliest on record, according to a nonprofit group that tracks police violence. However, officers faced more attempts on their own lives, as crime in some cities soared to new heights.

    Mapping Police Violence – a project connected to the Black Lives Matter movement – found that police fatally shot, beat, tased and restrained 31 more people last year than in 2021, when they killed 1,145 people. 2022’s total of 1,176 is the highest annual tally since the nonprofit group began tracking such statistics in 2013….”

    https://www.rt.com/news/569481-us-police-killings-record/

    Hmm…

  22. makati1 on Sat, 7th Jan 2023 9:42 pm 

    Cops are paid to put their lives on the line just as soldiers in the military. Then they whine when they can be killed. So be it.

  23. peakyeast on Sun, 8th Jan 2023 5:59 am 

    It is almost like that when police violence and incarceration escalates – then violence against police also escalates…

    You have to be a fucking moron not to see the connection – especially since the laws are outright totalitarian and the society increasingly built on slave labor – either willingly in McD or in the prisons.

  24. its ok to shoot cops since they shot so many of us its a fair game to me dont feel guilty about it on Sun, 8th Jan 2023 10:53 am 

    supertards please change ur undies after 1 week

    it’s also super ok to shoot muzzies since they killed so many of us

    please feel at ease among friends we’re all lovers of supremacist muzzies

  25. Duncan Idaho on Sun, 8th Jan 2023 10:53 am 

    Pigs are at 22
    https://www.ishn.com/articles/112748-top-25-most-dangerous-jobs-in-the-united-states

    Not a dangerous job at all.

  26. makati1 on Sun, 8th Jan 2023 3:32 pm 

    “Not a dangerous job at all.” Tell that to a cop in Chicago or Philadelphia, or St.Louis Duncan. Amerika is getting to be too dangerous to live in for anyone.

    How safe are you if some drugged up psycho is carrying an automatic AK47? It is legal in the US, not that it matters as criminals don’t care about legalities. There are over 175,000 automatic weapons in the US. That is the same number as the US Marine Corp, but in civilian hands.

    “There are estimated to be over 400 million guns in the United States between police, the military, and American civilians. Over 393 Million (Over 98%) of those guns are in civilian hands, the equivalent of 120 firearms per 100 citizens. The average gun owning American has 5 firearms, while nearly 22% of gun owners only have a single firearm.”

    https://americangunfacts.com/gun-ownership-statistics/

    So many guns, so little intelligence. Sigh!

  27. makati1 on Sun, 8th Jan 2023 3:37 pm 

    Peakyeast, we agree on another observation. Few under 50 can appreciate the degradation of Amerika in the last few decades. I grew up in the land of the free (40s-50s-60s). They grew up in the land of slavery (70s, 80s, and on and on —-).

  28. Dredd on Mon, 9th Jan 2023 12:00 pm 

    Who knew (The Peak Of The Oil Wars – 10)?

  29. Warning to members of WEF on Tue, 10th Jan 2023 12:01 pm 

    I am looking at the possibility to torture the energetic soul of WEF members for ever after the dead of the physical body. WEF and its members are a hive of corruption.

    As example, lets look at a Mc Kinsey speech made Saadia Zahidi of the behalf of WEF. Mc Kinsey have been accused multiple time by multiple nations around the world of corruption . A moral organization would never do business with a corpoatre like Mc Kinsey. This proves that the WEF is a corrupt organization that seek to dominate the world and take full control of GOD consciousness. As the son of GOD, this will not allowed and the sould of WEF member will be tortured to death.

    https://www.youtube.com/watch?v=l_DAmtH7ZcM

  30. eee on Tue, 10th Jan 2023 3:07 pm 

    Apparently according to Saadia Zahide and WEF , the aspiration of women is to work and become slaves for the WEF, elites and various parasites like Klaus Schwad, Jamie Dimon, She tells you the real truth about the goal of the WEF, enslave all the humans of earth and make them work for the international elites. See 1:27 to 1:41. This is the goal of WEF, enslave the whole planet.

    https://www.youtube.com/watch?v=l_DAmtH7ZcM

  31. Loutpas on Tue, 10th Jan 2023 4:22 pm 

    Hi guys! I want to sharing about SNAKE Game TIPS & TRICKS https://snakegames.io
    Master the sharp turns: A good trick to have under your belt as you play snake is being able to turn on a dime. Since the snake is so speedy, crashing can happen before you can react. The more you play, try to master those sharp turns to narrowly escape hitting a wall.

  32. makati1 on Tue, 10th Jan 2023 5:24 pm 

    WEF is doomed to fail. The 3rd world war is turning kinetic and actions are leaving the economy. China sees the US doing the same thing in Taiwan as they did in Ukraine and China will likely not wait for them to prepare like Russia did in the Ukrain.

    WW3 this year? I would bet by 2024 at the latest. I hope I am wrong.

    The WEF will be old news when personal survival will be the dominant concern of the masses.

  33. Theedrich on Wed, 11th Jan 2023 1:07 am 

    2023 will see the world’s reserve currency shrink.   The U.S. dollar will lose its position as the sole means of international trade, and have to share its position with Chinese and other currencies.  This will begin to occur in 2023 and is result of the weaponization of the US dollar and general profligacy over the past half-century.  After President Nixon took the dollar off of the gold standard in 1971, the age of monetary fiction began.  But now the era of free vote-buying and of the faith-based money bubble is ending, which means the diminution of the U.S. as the world’s hegemon.  The bribe-ocratic U.S. government as a whole and the nation is going to experience a shock unlike anything known since the Great Depression.  Dreamland is going to have to give way to consciousness and reality.  No one knows how a populace of 330,000 spoiled brats, many of them hooked on narcotics or believers in a religion based on an imaginary talking snake, is going to react.

    Life without illusions is beyond the capacity of most brats to bear.

    𝖁𝖊𝖗𝖎𝖙𝖆𝖘 𝖑𝖎𝖇𝖊𝖗𝖆𝖇𝖎𝖙 𝖛𝖔𝖘.

  34. theluckycountry on Wed, 11th Jan 2023 7:50 pm 

    Funny to read the comment above about Singapore, obviously posted by a local. From the time the Japanese were driven out until today that little nation has built one of the best standards of living for it’s people on the planet.

    But that’s the problem, people in affluent societies whine louder and longer than those in third world effluent societies. The entitlement mindset.

  35. makati1 on Thu, 12th Jan 2023 5:00 pm 

    theluckycountry, I just got back from a visit to Singapore last month. Even their airport would make most Western cities look like slums.

    https://www.visitsingapore.com/travel-guide-tips/travelling-to-singapore/changi-airport-singapore/

    Entitlement is killing the West and Western wannabees. It is a painful fall to normality.

  36. makati1 on Thu, 12th Jan 2023 5:06 pm 

    Contrast this airport with any in the US and see how far Amerika has fallen.

    https://www.jewelchangiairport.com/en/attractions.html

    I have been thru most of the main Amerikan airports in my 60+ flights from the Philippines in the last 15 years, to visit family there.

  37. making good progress on Thu, 12th Jan 2023 9:22 pm 

    Earth is a execution chamber made to kill 7 billions people. So far it is working well for GOD plan to kill everyone living on earth.

    UK is collapsing

    https://www.youtube.com/results?search_query=london+strike

    Electricity rationning in South Africa and pakistan.

    https://www.youtube.com/results?search_query=south+africa+electricity+rationing

    US is incapable of building commercial airplane. 13 years delay for the 777X

    https://www.youtube.com/results?search_query=777x+delay

  38. eeed on Thu, 12th Jan 2023 9:42 pm 

    I am one of the GOD that participated to the creation of the death chamber that is earth. You have no idea how much we hate you.

  39. i appoiint eeed supertard on Fri, 13th Jan 2023 10:07 am 

    his title is “the lover” of supremacist muzzies

    this is my master treaties. i don’t waste time on this forum. it’s lame.

    France: Muzzie spotted wearing #7 ‘Mohammed Merah’ jersey — Merah murdered seven people in 2012 jihad massacre

    muzzie bribe went with isis to make babies and now want to go back. what the world going to. this is ok but supertard big muzzie beard SAWS swt pbuh is banned from UK and harrassed by AA.

    supertard big muzzie beard SAWS pbuh swt reported muzzies in ger comprise of 40% of jizya payment to the tune of 4 billion euros per month. with that money they could go REAL GREEN or FAKE GREEN, it doesn’t matter that would’d been prosperious without the rapey rapey and stabby muzzies. The scale of jizya is incredible. it’s all out in the open if you just listen to the UK muzzie andy choudary.

    muzzie sabotage airliner and got loved 1000x in the form of reporting of “union dispute”. supertard big muzzie beard SAWS pbuh swtreported it’s actually jihad.

    Then in astralia muzzie with big grin and smug looking face with a hat and meat grinder practically begged to be amputated and put on muzzie hamster wheel. cops love him 100000x more and are puzzled why he did this. i’m scratching my head too which has thinning hair

    Muzzie in NZ allah acbar and went after cop with axe. Cops loved muzzie 10000x love conquer all. No tweet AOC SAWS pbuh swt , not siri Lanka, not when muzzie shot 6 cops on philadelphia. 25 billion tweet on Christchurch though

    then there we deceptions of deep green, real green, deep deep green, fake fake green, and all the permutations of green. when AOC SAWS pbuh swt – (ZOMG i’m amazed at the technology in a sink food grinder) failed, the greta SAWS pbuh swt deception kicked in. I belived everything even the fantastic flying goat story.

    for many years, centuries, million, quadrillion of years since (((supremetard))) SAWS pbuh swt created heaven and earth and before supertards SAWS pbuh swt big muzzie beard and glenn roberts put up web sites, i warned tards and supertards about muzzies.

    i made no progress sort of like banging head against concrete, concrete wins everytime

    but then i “reverted” to a supremacist muzzie jerk and I’m the best of humanity allah has created. i wear a muzzie dress and i pee sitting down holding up the bathroom line. this made supertard SAWS pbuh swt have bladder infection but the love for muzzies only intensified.

    and now i have superpower, big goat SAWS pbuh swt is feeling intense heat. all stops are pulled it seems – even Robert Inget the controlled libtard opposition is deployed to censor me. but uppertard SAWS pbuh swt is not going to destroy free speech for someones love of muzzie. supertard SIS SAWS pbuh swt dropped the appeal and that’s final. it’s now as good as case law. supertard SIS SIS SAWS pbuh is back being occupied with his bunker and learjet and auto keltecs and he said absolutely do not bother him. so it’s set in stone that uppertard SAWS swt pbuh is not going to modify this forum

    supertards please change ur undies after 1 week

    plese feel at ease among friends we’re all lover of supremacist muzzies her

  40. wef wef on Fri, 13th Jan 2023 11:31 am 

    It is a bad idea to have this meeting. All the members of WEF will have their soul torture to eternity once the human body is dead.

    Earth is GOD domain and creation. He controls everything you control nothing. You are because you are being executed by GOD. Your soul are incompatible with beauty. Your soul are incompatible to have access to GOD knowledge. You will be killed to make place for a better future. Everyone on earth will be killed.

  41. Duncan Idaho on Fri, 13th Jan 2023 5:21 pm 

    1000000000000066600000000000001

    A very interesting prime number

  42. makati1 on Fri, 13th Jan 2023 7:07 pm 

    Must be the weekend and the druggies are loose on here. More proof of the West’s fast decline.

  43. ERY on Fri, 13th Jan 2023 8:00 pm 

    The meeting between mexico, canada and the us is something that suggested as a solution to post peak oil. Dismantlement of globalism and movinG to continental trade. Is this meeting validate my suggestion Does it make me the most influential person in North America. You know I don’t like the Juices.

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