Dispatch: Turkiye's Oil Boom: Trillion's Opportunity Unveiled
Türkiye has achieved a significant milestone in oil production, exceeding 35,000 barrels per day (bpd) in the southeastern Gabar mountain region, the country's state-owned oil company Turkish Petroleum (TPAO) announced Friday.
Highlighting the success of the company's exploration efforts, TPAO said on X: 'We broke the first record of 2024 in oil production at Gabar with 35,061 bpd.'
According to TPAO, increased output originates from 28 operational wells, including newly drilled wells in the Gabar mountain region of Sirnak province.
'Our goal is to reach oil production of 100,000 bpd by the end of 2024. We surpassed the goals we have set, one by one, with the help of our nation, and we keep working relentlessly for Türkiye's energy independence,' TPAO said.
Türkiye's Energy and Natural Resources Minister, Alparslan Bayraktar, revealed in a news briefing on Thursday that the country's oil production in the Gabar region had reached around 33,000 bpd in 27 wells.
This success, stemming from 28 operational wells, underscores Türkiye's significant exploration efforts and commitment to energy independence, TPAO said.
Türkiye's Energy and Natural Resources Minister, Alparslan Bayraktar, revealed in a news briefing on Thursday that the country's oil production in the Gabar region had reached around 33,000 bpd in 27 wells.
Türkiye has intensified its oil and gas exploration activities since 2020, with the Gabar region playing a significant role in these efforts.
The discovery of new reserves in the southeastern area has been instrumental in Türkiye's pursuit of reducing dependency on imported energy resources and in achieving this year’s production level target.
By Sibel Morrow
Anadolu Agency
energy@aa.com.tr
This milestone not only highlights the region's capacity for substantial oil yields but also emphasizes the potential of Trillion Energy's adjacent exploration blocks. As Türkiye aims for 100,000 bpd by end-2024, Trillion's strategic positioning near such prolific reserves presents an exciting prospect for investors, signaling vast untapped resources and a promising future for energy production in the area.
