Turkey has announced plans to deploy an exploration vessel to offshore Somalia to conduct oil and gas exploration. The move comes as part of a hydrocarbon cooperation agreement signed between the two countries, Turkey’s Ministry of Energy reported.
Exploration of natural resources
According to Turkish Energy Minister Alparslan Bayraktar,“In late September or early October, the Oruc Reis will sail to Somalia to conduct an extensive seismic analysis, which could take several months. This deployment underscores Turkey’s commitment to strengthening its energy resources and its position in the international arena.
In addition, Bayraktar revealed specific details about the location of the exploration areas: two of the three allocated blocks are located approximately 50 km from the Somali coast, while the third is about 100 km away. These blocks were selected based on their potential to host substantial oil and gas reserves.
Turkey to search for oil and gas in the Somali deep sea following bilateral agreement
“We are convinced that Somalia has significant oil and natural gas deposits in its deep waters,” Bayraktar said. With this agreement, Turkey obtains exclusive exploration and production rights in these blocks, which represents a strategic opportunity for both countries, according to the swissinfo portal.This represents a strategic opportunity for both countries, according to the swissinfo portal.
The oil and natural gas cooperation agreement was signed in March, further strengthening ties between Turkey and Somalia. This pact follows a defense agreement signed the previous month, consolidating the bilateral relationship in several strategic sectors.
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Source and photo: oedigital
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