Page 10 - MEOG Week 50 2020

MEOG PROJECTS & COMPANIES MEOG

UKOG applies for more Turkish

exploration licences

TURKEY UK Oil & Gas (UKOG) last week announced days – results and terms will be released in due
that its application for three new exploration course.”
licences in south-east Turkey, together with its The announcement follows the signing of a
50:50 joint venture partner and operator Alad- binding heads of agreement (HoA) between the
din Middle East, has been passed to the local two companies for UKOG to take a 50% stake in
government. the Resan licence.
In a statement, the company said that the con- At the time, Aladdin said that the pair would
cessions applied for cover four blocks south-east work together to develop Resan, which lies to the
of the existing 305-square km Resan licence near north-west of its Eruh discovery. It added that
the city of Batman in Siirt Province. UKOG would fund a 2D seismic programme as
UKOG said: “The most northerly block lies well as the first Resan well, which was expected
immediately south-east of the company’s Resan to be spudded in Q4 2020.
licence and contains an extension of the Bas- Last year, Turkish Energy Minister Fatih
ur-Resan accumulation, penetrated by two wells Donmez said that Turkish Petroleum (TPAO)
with good oil indications.” had increased its crude output by 1,650 barrels
It added that a “further possible undrilled per day (bpd) thanks to three wells targeting
Basur-Resan extension lies immediately to the newly discovered reserves in Diyarbakir and
south-east. The remaining 600-square km area Siirt in south-east Turkey, drilled over the prior
has seen only three legacy wells drilled in 60 year.
years”. These were previously identified as the Mer-
UKOG said that the application had been mer 1 well, which was producing 200 bpd of 45
passed to the Turkish government following API crude from a depth of 3,700 metres and
a “recent favourable meeting with the Turkish reserves of 5.26mn barrels, the Hancerli 5 well
licence regulator, GDMPA”. producing 810 bpd of 37 API crude at 1,500
It noted: “At this stage, whilst indications metres from reserves of 6.06mn barrels, and the
are positive, we await formal notification as to Demirkuyu 1 well producing 450 bpd of 31 API
which licence or licences, if any, are awarded to crude at 2,000 metres from reserves of 11.2mn
AME/UKOG. Notification is expected within 60 barrels.™

P10 www. NEWSBASE .com Week 50 16•December•2020