Awaiting the good news, TPAO gas decreased

Every The good news of natural gas announced during the electoral period failed with the report of the Court of Accounts. It has been revealed that the natural gas production of the Turkish Petroleum Corporation (TPAO), for which the Court of Auditors has examined the 2021 accounts, has been continuously declining for 4 years. The Court of Auditors also stated that TPAO’s offshore drilling activities are against the main statute. In the report of the Court of Auditors it was reported that the production of TPAO, which produced 404 million cubic meters (m3) of natural gas in 2018, decreased each year to 312 million m3 in 2021. In the report, which indicated that the natural gas production decreased by 61 million m3 in the last two years, which corresponds to a loss of 16 percent, it was indicated that natural gas sales also decreased continuously during the last 4 years, and the decrease in the two recent years reached 48 million m3.

NO SEARCH SERVICE AT SEA

Despite the decline in natural gas production, TPAO crude oil production increased in the same period. TPAO, which produced 1.8 million tons of crude in 2018, increased this production in the following years to 2.6 million tons in 2021. The Court of Auditors determined that with the change made in its main status in 2017, the TPAO’s offshore drilling activities ended and activities carried out with 4 deepwater drillships owned by TPAO were not in accordance with their main status. Noting that within the scope of the protocol signed between TPAO and TPIC, the ships and maritime activities must be transferred in their entirety to TPIC, the Court of Auditors has determined that there has been no progress in this regard.