PETFORM

12. EXPLORATION-PRODUCTION SECTOR CONSULTATION MEETING

12. Exploration-Production Sector Consultation Meeting

12nd Exploration & Production Consultation Meeting was held online on November 18, 2020 with the participation of sector stakeholders, especially Minister of Energy and Natural Resources Mr. Fatih Dönmez. At the meeting, the companies operating in the Exp...

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12. Exploration-Production Sector Consultation Meeting

12nd Exploration & Production Consultation Meeting was held online on November 18, 2020 with the participation of sector stakeholders, especially Minister of Energy and Natural Resources Mr. Fatih Dönmez. At the meeting, the companies operating in the Exploration - Production Sector have found the opportunity to consult with notably Mr. Fatih Dönmez and the relevant Decision Makers about the problems they have encountered and discussed the solution proposals. Minister of Energy and Natural Resources; Fatih Dönmez stated that the 405 billion cubic meters of natural gas reserves discovered by Fatih drilling vessel have moved Turkey to a different point in deep sea exploration and drilling. Mr. Dönmez stated that 321 million barrels of crude oil and 11,8 billion cubic meters of natural gas reserves have been produced with new discoveries in the last 18 years and today 39 companies, including 27 domestic and 12 foreign companies, are operating in Turkey. Mr. Dönmez stated that an investment of 12 billion dollars has been realized in oil exploration and production activities in the last 18 years. PETFORM Chairman Mr. Murat Kalay expressed that the news of the discovery of 405 billion cubic meters of natural gas reserves in the drilling of the Fatih drilling vessel in the Tuna-1 well was greeted with great pride and joy in the sector and expressed, with this success story rewrited by our country, his belief that the interest of domestic and foreign investors will focus more in Turkey's exploration-production sector and new reserves will be brought to our country's economy by making more exploration and production investments in the coming period. Mr. Kalay also emphasized the 20th year of PETFORM, adding that PETFORM, the only non-governmental organization operating in the Exploration-Production sector in Turkey under the umbrella of domestic and foreign private equity companies, has a great responsibility regarding the development of the Exploration-Production sector in our country.