Turkish company obtains license for oil & gas exploration in 4 provinces

Oil&Gas Materials 18 September 2019 12:33 (UTC +04:00)

Baku, Azerbaijan, Sept. 18

By Rufiz Hafizoglu - Trend:

ARAR A.S., a privately owned, integrated oil and gas company with production and exploration assets in Turkey, has obtained a license for oil and gas exploration in four Turkish provinces, Trend reports referring to the country's Ministry of Energy and Natural Resources.

According to the ministry, ARAR will conduct exploration work in the provinces of Osmaniye, Adana, Hatay and Tekirdag. The oil and gas exploration work will cover a total of 96,500 hectares, the ministry reported.

The ministry noted that ARAR A.S. applied for the license in April 2019.

In 2018, 1,889 exploration wells were drilled in Turkey. During the reporting period, the total depth of exploration drilling reached 3,960,312 meters.

As reported, the Turkish Petroleum Corporation (TPAO) drilled 943 exploratory wells with a total depth of 2,296,919 meters.

The ministry noted that 61 wells with a total depth of 92,599 meters were drilled by the General Directorate of the Mineral Research and Exploration of Turkey (MTA), while 144 wells with a total depth of 167,303 meters were drilled by other domestic companies.

As many as 546 exploratory wells with a total depth of 990,466 meters were drilled by foreign companies, while 195 wells were drilled by joint ventures and consortiums.

During the reporting period (January-December 2018), 495 deposits were discovered by TPAO, 8 by MTA, 21 by other domestic companies, 304 by foreign companies and 91 by joint consortiums.

In 2018, 91,991 sites with signs of hydrocarbons were discovered in Turkey.


Follow the author on Twitter: @rhafizoglu