Two local companies obtain license for oil exploration in Turkey
BAKU, Azerbaijan, Dec. 10
By Anastasia Savchenko - Trend:
Turkey's Aladdin Middle East Ltd. and Transatlantic Exploration Mediterranean International Pty. Ltd. have obtained a license for oil and gas exploration in two provinces of the country, Trend reports referring to the Turkish Ministry of Energy and Natural Resources.
Aladdin Middle East Ltd. and Transatlantic Exploration Mediterranean International Pty. Ltd. will carry out oil and gas exploration in the provinces of Diyarbakir and Mardin.
The exploration work will cover an area of 23,921 hectares.
The two companies applied to the ministry for a license in April 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.
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