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E & P News

2017

Jul 2017: Valeura Energy announced the first deep exploration well, Yamalik-1, under Phase 1 of the Banarli farm-in agreement with Statoil has completed drilling and left in a state ready for completion and production testing. Yamalik-1 is the first test of the deep, basin-centred gas potential in the Thrace Basin. The testing program will commence late in the third quarter of 2017.

Jul 2017: Condor has announced drilling has commenced on the Yakamoz-1 exploration well 2 kms north of the Poyraz Ridge gas field. Poyraz Ridge remains on track to begin gas production in Q3 2017 with construction of the CPF 85% complete and the 6-in. gas sales line ongoing,

Jan 2017: Poyraz West-2 has discovered gas in the southwest extension of the Poyraz Ridge gas field in the Thrace Basin. Production casing has been set and the well will be completed and tested prior to Poyraz Ridge first gas in mid-2017. All 4 wells have encountered gas columns. The nearby Yakamoz-1 exploration well will also be drilled in 2017.

2016

May 2016: Statoil has farmed-in to 2 exploration licenses in Thrace. Valeura Energy is operator (50%) of the Banarli licences with the remaining 50% going to Statoil.The shallow formations above 2,500m will be retained by Valeura. A phase one well is planned for early 2017 to test for unconventional gas potential n a region where gas has been produced since the 1920s.

Mar 2016: Valeura (operator, 100%) has achieved first gas sales from its Bati Gurgen-1 well on the Banarli licences in the Thrace Basin. The well has been tied-in to an existing dehydration facility at the Gurgen-1 well on the adjacent block and gas is being distributed to customers north of Banarli.

Jan 2016: Valeura Energy (operator, 100%) confirmed a gas discovery in its first exploration well, Bati Gurgen-1, on its Banarli licences in the Thrace Basin. The well is shut-in awaiting completion of the pipeline tie-in to the dehydration facility at the Gurgen-1 well 3 kms to the southeast. First gas is due in February 2016.

2014

Oct 2014: Valeura Energy announced 3 new discoveries in a natural gas exploration program in the Osmanli area potentially adding up 0.07 bcm a year to production. Two additional exploration wells are already planned.

Jul 2014: TransAtlantic has 3 rigs in SE Turkey and has spudded 5 wells and completed 4 new wells . It continues  drilling in the Selmo field, spudding 8 horizontal wells and expecting to spud 5 in 2014. The company is also engaged in drilling programs in the nearby Bahar field and the Arpatepe field in southeastern Turkey and will soon recommence drilling in the Thrace basin in northwestern Turkey in the Osmanli area.

Jun 2014: ExxonMobil is in talks with the Turkish Petroleum Corporation to explore for shale gas in southeast Thrace and northwest regions. Shell is also drilling for shale gas around the southeastern city of Diyarbakir.

Jun 2014: Positioning operations are ongoing for the rig GSP Prometeu on the Istranca project, to the northwest of Istanbul in the Black Sea.

2013

Oct 2013: TransAtlantic has 3 active rigs in southeastern Turkey and two in the Thrace Basin in northwest Turkey. The company plans to drill 38 wells in 2013. In southeastern Turkey TransAtlantic drilled a horizontal well in the Selmo field and plans to drill up to five additional horizontal wells in 2013. The Company is also drilling E and P wells in the Molla Area and in the southern Thrace Basin including in the Edirne field.

Aug 2013: Cub Energy has spudded its first exploration well on a Turkish licence. The Yolduzu-1 well is on the Besni licence in south-east Turkey is targeting a Cretaceous reservoir in the Anatolian basin, 20 kms southwest of the Sambayat oil field.

Feb 2013: Turkey is hoping to find shale gas in basins in its SE, E and W Thrace regions. Shell is drilling for shale gas around the southeastern city of Diyarbakir in the Dadas Shale basin while TransAtlantic Petroleum is also active. However estimates of Turkey's shale gas reserves vary wildly and even if commercial deposits are found any production is unlikely before 2017.

Feb 2013: Shell is to sign an agreement with TPAO covering oil exploration in the western Black Sea region. Depending on the results of initial studies the first  well will be drilled within two years."

Jan 2013: Turkey is drilling for oil and gas with more rigs than any European country and plans new rules in 2013 to speed up exploration. The country was using 26 rigs at  the end of Dec and the number has since risen to 34. Offshore drilling is increasing in the Black and Mediterranean Seas with spending on exploration jumping to US$610 mm in 2012 from U$42 mm in 2002.

2012

Sep 2012: Shell is assessing oil exploration and production opportunities in the Black Sea with state-owned oil firm TPAO. In Nov 2011 TPAO signed an accord with Shell for exploration and production in the Mediterranean and southeastern Turkey, including plans for shale gas exploration near the southeastern city of Diyarbakir and Yildiz.

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