UK Oil & Gas plc (UKOG) and its joint venture partner Aladdin Middle East (AME) have applied for three further exploration licences in the southeast of Turkey.
UNDRILLED FEATURES
The application covers four 150 km² blocks to the south and southeast of the company’s 305km² Basur-Resan licence, with UKOG responsible for its 50% share of future costs.
The JV expects to hear the outcome from the Turkish authorities within 60 days.
The blocks straddle “multiple large identified undrilled surface geological features (surface anticlines)”, each similar to the UKOG’s Basur-Resan oil appraisal project, AME’s producing East Sadak oil field, and the Kurdistan region of Iraq’s oil fields to the south.
To date, the blocks have undergone little exploration with almost no seismic coverage and few wells.
The most northerly block lies immediately southeast of UKOG’s Resan licence and contains an extension of the Basur-Resan accumulation, penetrated by two wells with “good oil indications”.
A further possible undrilled Basur-Resan extension lies immediately to the southeast.
The remaining 600 km² area has seen only three legacy wells drilled in 60 years.
UKOG said that a recent well immediately adjacent to the most easterly application block produced oil to surface from the same geological reservoir as Basur-Resan and East Sadak.
The blocks were offered in a licence round which attracted three other applications, including one from Turkish state oil and gas company, TPAO.