President of Turkey Recep Tayyip Erdogan announced the highly anticipated good news. President Erdogan, who was in front of the cameras after the Cabinet Meeting, announced that 58 billion cubic meters of new natural gas reserves had been discovered in the Caycuma-1 drilling. In his statement, Erdogan said, “The natural gas we discovered in the Black Sea is equivalent to 1 trillion dollars in the international markets with today’s figures.”
President Recep Tayyip Erdogan announced the highly anticipated ‘good news’ after the Cabinet Meeting. In his speech in Erzurum, President Erdogan emphasized that they are working day and night to connect the natural gas discovered in the Black Sea to the national system and said, “We will share new good news on this issue with our nation on Monday. Likewise, we will give new good news to our nation after we put the Black Sea gas into use.” The expected announcement came today.
LAST MINUTE | NEW NATURAL GAS GLORY! ERDOGAN ANNOUNCED
Standing in front of the cameras after the Cabinet Meeting, President Erdoğan said, “Our Fatih drilling ship discovered a new 58 billion cubic meter natural gas reserve in Caycuma.” he said.
“We expect this figure to be revised upwards with the new detection wells we will drill.” President Erdogan said that they will start new drilling as soon as possible.
Headlines from Erdogan’s statements are as follows;
We are working to deliver our domestic natural gas to our nation in 2023. We also conducted new drillings in the Sakarya gas field. Our Fatih drilling ship started its new drilling at Caycuma 1 field on October 29. Our Fatih drilling ship discovered 58 billion cubic meters of natural gas reserves 3023 meters under the sea during the Çaycuma 1 drilling. After analyzing the collected data, we will start new drillings as soon as possible.
“ITS VALUE IS 1 TILLION”
Another good news about Black Sea gas is the revaluation study. The world’s most competent reserve assessment company has produced 3D versions of the 13 wells we drilled in the field. With our new discovery in Caycuma-1, our gas reserve in the Black Sea has increased by 170 billion cubic meters and reached a total of 710 billion cubic meters. The natural gas we discovered in the Black Sea, today, amounts to 1 trillion dollars in international markets.
Our new discovery will open the door to similar discoveries in other geological fields adjacent to the region. We will start new drilling as soon as possible. We are determined to ensure that Turkey is the energy center of the Caspian, the Mediterranean and the Middle East.”
