Turkey Prepares First Deepwater Drilling Venture Off Somalia

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Why This Matters

Turkey is set to begin its first deepwater drilling venture off Somalia's coast, marking a significant step in the country's energy supply diversification plans.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Turkey will start drilling in a deepwater offshore location in Somalia next month in what would be the country’s first foray in deepwater drilling, Ankara’s energy minister told media today. Alparslan Bayraktar did not provide details about the drilling program, only noting that the Somalian project would be Turkey’s first deepwater exploration project abroad, according to Reuters. The move follows Turkey and Somalia inking an energy exploration deal in 2024, which fits with Turkey’s energy supply diversification plans and…

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Original article published by OilPrice.com on January 2, 2026.
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