Türkiye’s production target just 2 years after gas discovery is ‘impressive’


ANKARA

Given the difficult ultra-deepwater terrain of Türkiye’s Sakarya gas field and the fact that the project is a virgin field, producing gas within two years of its discovery looks impressive, said Rami Khrais, oil and gas analyst at data analytics and consulting firm GlobalData. .

Khrais told Anadolu Agency that Türkiye’s biggest offshore discovery could transform the country by supporting its growing demand for gas.

“The rapid development of the Sakarya reservoir reflects Turkey’s desperate need to diversify its energy sources, especially after the global energy crisis resulting from the war in Ukraine,” he said.

He said the gas processing plant being built at Filyos can only process 350 million cubic feet per day.

“Additional onshore gas processing plants are therefore required to handle production increases during the second phase of the project,” he added.

Khrais said Turkey imports almost all of its gas needs from abroad, with Russia meeting 40% of the country’s total gas demand.

“The start-up of Sakarya Phase-2, which is expected to produce 1.4 billion cubic feet per day towards the end of the current decade, should help Turkey alleviate its extreme dependence on external natural gas suppliers. It will also help ease the growing pressure on local customers suffering from rising inflation,” he explained.

Khrais pointed out that Sakarya’s discovery in the Black Sea could pave the way for new discoveries in Turkey’s deep waters.

“The exploration campaign in the region culminated in June 2021 with the discovery of a northern extension of Sakarya, known as ‘Sakarya North’, with reserves estimated at 4.8 trillion cubic feet,” said he added.

Good news for energy decision makers

The intention to begin production from the Sakarya field in early 2023 will likely be good news for Turkish energy policymakers, according to Jonathan Elkind, senior fellow at Columbia University’s Center for Global Energy Policy and former head of the energy in the Clinton and Obama administration.

“It is reported that the initial production (10 million cubic meters per day, 3.65 billion cubic meters per year) will represent a solid, but gradual addition to Turkey’s natural gas supply,” he said. -he declares.

Elkind said this is particularly important at a time when the country’s gas demand is expected to increase and “when global gas markets are strained following Russia’s attack on peaceful neighbor Ukraine.”

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