UK Oil & Gas plc (UKOG) announced the completion of Phase I 2D seismic acquisition over the target area and trajectory of the proposed Basur-3 (B-3) mechanical sidetrack (B-3S), onshore Turkey.
BASUR-RESAN
UKOG’s wholly owned subsidiary, UKOG Turkey Ltd, holds a 50% non-operated interest in B-3 and the surrounding 305 km² Resan M47-b1, b2 licence with Aladdin Middle East Ltd (AME) holding 50%.
B-3S is located within the north-western structural culmination of the 60 km² Basur-Resan geological anticline, with a surface location approximately 1.2 km north of the 1964 Basur-1 oil discovery well.
SEISMIC RESULTS
The joint venture has prioritised 55 km of fast-track acquisition and processing to define better and optimise the B-3S drilling trajectory, and a proposed Resan-6 drilling location.
UKOG said that data processing of the first phase was underway.
The company added that drilling of B-3S was scheduled to start following interpretation of fast-track seismic processing results expected during Q1 2022.
DRILLING
The JV has paused the second phase of seismic acquisition, of up a further six lines, because it has no bearing on B-3S or Resan-6 drilling plans or operations.
UKOG said that resources were directed towards drilling and the establishment of an inaugural producing well.
The partners have advanced detailed operational planning for B-3S and started the selection process for prospective drilling rig contractors.
UKOG added that sufficient funds remained to deliver the planned sidetrack and seismic programme.