Turkey to revise upward estimate of Black Sea gas discovery: Bloomberg

SourceMiddle East Observer
SectorOil & Gas
CountryGCC

Turkey is preparing to revise upward its estimate of its natural gas discovery in the Black Sea, Bloomberg reported, citing sources with direct knowledge of the plans.The Bloomberg report says Turkey expects to raise its estimate for the amount of natural gas discovered in the Black Sea and plans to announce the new guidance as early as next week, citing people with direct knowledge of the matter.The Turkish government will outline a sizable revision to the initial discovery of 320 billion cubic meters of recoverable gas, unveiled in August, once exploratory drilling is completed this month, the people said, asking not to be named due to the sensitivity of the find.Turkey in August announced its biggest natural gas discovery, a 320 billion-cubic-meter field in the Black Sea that President Recep ...read more...