UPDATE - Turkey's Crude Oil and Natural Gas Production Set Records in October

Forex - (Ministry statement added.) Turkey's crude oil and natural gas production reached a record high in October. Energy and Natural Resources Minister Alparslan Bayraktar stated on his X account, "In October, we achieved an all-time record in both oil and natural gas production. In the coming period, we aim to further increase our oil and natural gas production with new drilling and exploration." Accordingly, crude oil production in October reached 3,361,725 barrels, marking the highest monthly production to date. On October 29, 2024, a daily production record was set at 111,280 barrels. Natural gas production peaked on October 23, 2024, with 7,908,044 m³ in a single day and 234,384,017 m³ for the entire month. Bayraktar conveyed, "Our goal is a fully independent Turkey in energy." The ministry provided the following information on the subject: "During this period, the total monthly crude oil production in Gabar was 1,566,214 barrels, while natural gas production in the Sakarya Gas Field reached 196,772,874 cubic meters. This also represents the highest production in these areas on a monthly basis. 46.6% of the total monthly oil production came from Gabar, while 84% of the natural gas production came from the Sakarya Gas Field. Daily Average Record In October, record levels were achieved in daily average oil production at 108,443 barrels, and in daily natural gas production at 7,568,242 cubic meters. Daily Record The highest daily oil production reached 111,280 barrels on October 29, while the highest daily natural gas production occurred on October 23 at 7,908,044 cubic meters. On October 29, the production in Gabar reached 52,573 barrels, and on October 23, natural gas production in the Sakarya Gas Field peaked at 6,666,803 cubic meters. Minister Bayraktar noted the following regarding the oil and natural gas data for October:
FOCUS ON PRODUCTION: We are experiencing a year focused on production in both oil and natural gas. In October, our oil and natural gas production reached new peaks both monthly and daily. We achieved all-time highs of 3,361,725 barrels in crude oil production and 234,384,017 cubic meters in natural gas production. NEW DISCOVERIES: Of course, our country is growing, our population is increasing, and our needs are multiplying. We will increase our production in both oil and natural gas through new fields, new explorations, and new drillings. We will strive for new reserves and discoveries on different continents, as seen in the example of Oruç Reis, which began seismic activities in Somalia. Our goal is a fully independent Turkey in energy."