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Turkish company obtains license for oil & gas exploration in Turkey

Oil&Gas Materials 3 December 2019 18:23 (UTC +04:00)
Turkish company obtains license for oil & gas exploration in Turkey

BAKU, Azerbaijan, Dec. 3

By Rufiz Hafizoglu - Trend:

Turkey’s Protech Enerji Petrol Madencilik Sanayi ve Ticaret A.S. company has obtained a license for oil and gas exploration in two provinces of the country, a source in Turkey’s Ministry of Energy and Natural Resources told Trend Dec. 3.

The company will conduct oil and gas exploration in Batman and Siirt provinces on a total area of ​​43,299 hectares.

The ministry noted that the company appealed for obtaining license in May 2019.

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

Turkish Petroleum Corporation (TPAO) drilled 943 exploratory wells with a total depth of over 2,290 kilometers.

The ministry noted that 61 wells with a total depth of 92.6 kilometers were drilled by the General Directorate of the Mineral Research and Exploration of Turkey (MTA), while 144 wells with a total depth of 167.3 kilometers were drilled by other domestic companies.

As many as 546 exploratory wells with a total depth of 990.47 kilometers were drilled by foreign companies, while 195 wells were drilled by joint ventures and consortiums.

From January through December 2018, 495 deposits were discovered by TPAO, eight 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.

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