UK Oil & Gas plc (UKOG) has completed acquisition of the Phase II seismic programme over its Resan licence (50%) in Turkiye.
SEISMIC PROGRAMME
The project is a 50-50 joint venture between UKOG and operator Aladdin Middle East.
The company said that the programme, comprising four new 2D seismic lines over the possible updip western extent of the Basur-1 oil discovery and Prospect B to the south, was delivered ahead of schedule and under budget.
The JV will process and interpret the seismic before making a new top reservoir map.
OPERATIONS
UKOG added that, following the results, it would focus firmly on delivering a new Basur appraisal well anticipated to add near-term oil production to the company during H1 2023.
The company noted that Turkiye’s Petroleum Law enabled a successful oil well to be put into full time production within days to weeks of a successful test.