TURKEY

(in Middle East)

CAPITAL: ANKARA

POPULATION: 71 mm

AREA (on): 780,600 km2

OIL PEAK: 1991

SUPPLY

Turkish oil production peaked in 1991. The country’s geology is complex and its fields are difficult to exploit. There thus seems little chance that significant new fields will be found onshore and Turkey’s Black Sea oil exploration programme has seen limited oil success. Decline in output will continue.

Onshore gas production began in 1983 and the few fields discovered have similar problems to those of oil. However, offshore some new gas prospects have been identified in the Black Sea, which began producing in 2007, and the Mediterranean Sea. There also may be potential in the Aegean Sea, disputed with Greece. Increases in offshore gas output are eventually forecast.

 

DEMAND

Turkey is a big importer of oil and consumption is increasing as the economy improves although only slowly since 2008 and consumption is likely to begin falling after 2016.

The country is actively engaged in substituting gas wherever it can and gas imports, are increasing rapidly. Piped gas can be delivered into Turkey from many sources, including Russia and Azerbaijan in the east and Iran in the south. Gas is also imported as LNG from Algeria and Nigeria.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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