Natural gas & oil discovered at over 100 wells in Turkey in 2010

Natural gas and oil exploration activities conducted in 102 wells in Turkey yielded to positive results last year.

Out of the total 205 wells opened in different regions of the country in 2010, crude oil was found at 57 exploration wells, natural gas was discovered at 44 locations, while both oil & natural gas were found at 1 well, a report released by the Directorate General for Petroleum Affairs said on Wednesday.

The authority said 74 wells turned out to be dry wells, adding that studies would continue at 29 wells this year.

The report also said that 17.3 million barrels of crude oil (nearly 2.5 million tons) was produced at 128 oil fields in 2010, while 725.98 million cubicmeters of natural gas was obtained from 65 sites.

Last year, 25 national and 22 foreign companies conducted exploration and production activities in Turkey, the report noted.

Investments for exploration and production activities would be increased by 10 percent every year, crude oil production would be increased by 1 percent and natural gas production would be increased by 5 percent until the end of 2013, the report added.


/World Bulletin/