Oil Pumps Manufacturing Project
Oil Pumps Manufacturing Project
KHALID ALABDULKARIM
Introduction
Turkish oil fields have been stationed until the last year in the southern-east side of the country, near the Iraqi Syrian borders. Specifically, in Şırnak and Batman states, however, the world has witnessed an announcement of new discoveries of oil fields in the last year in both Diyarbakir and Siirt states in the same area, as well as Adana state, located in the south side of the country near the white sea.
“One of the 10 world’s biggest discoveries of crude in 2022”, with that sentence, Turkish President Recep Tayyip Erdogan announced the discovery of a new oil field in the southeast of Turkey, including estimated oil reserves of around 150 million bpd of high-quality oil, with an estimated value of 12 billion dollars.
The Turkish president confirmed in a press conference after a cabinet meeting in Ankara that Şırnak state which has Gabar mountain where the oil field was discovered, has already 4 oil wells with a production of 5 thousand bpd.
In the aggregate, Turkey produces around 65,000 oil barrels per day. The Turkish President confirmed that they are aiming to increase this number to 100,000 bpd in 2023.
In a country that doesn’t have much fossil riches, the Turkish government relies on new discoveries of oil and gas to support the national economy and reduces the imported energy bills, which directly impact the trade balance and inflation rates.
Project support
This project is having assistance from sovereign entities pledged to buy the products for a period of 5 years, which is around 300 pumps with a value of around 45 to 50 million USD.
Target Market
Oil-producing countries. Gas-producing countries
Wells and Saltwater
Product Specifications
| Temperature: 90-280 °F | Capability: 100-3000 kWh | Height: 1000-10000m |
| Project cost | $13,000,000 |
| Monthly cost | $600,000-$1,500,000 |
| Each unit price | $100,000-$360,000 |
Duration of the construction of the factory and manufacturing
Duration of the construction of the factory and manufacturing start: 18-24 months.
Production capacity: 6-10 pumps per month.
Profit ratio: %35-%45.
Funder share: %40
Duration of capital recovery: 6 years
All the documents and certificates are available for this project
To download the file, please click on the link below
