BAKU, Azerbaijan, Feb. 7
By Rufiz Hafizoglu - Trend:
The license of ARAR A.S., a privately owned, integrated oil and gas company in Turkey, for exploration of oil and gas in the country's Canakkale province has been extended, Trend reports with reference to the Turkish Energy and Natural Resources Ministry.
According to the ministry, the license for the exploration of oil and gas in the Canakkale province, in an area of 48,600 hectares, has been renewed.
Earlier, the company's licenses for oil and gas exploration in the provinces of Osmaniye, Adana and Hatay, as well as on another site in the Canakkale province with an area of 206,000 hectares, were extended.
Some 1,889 exploration wells were drilled in Turkey in 2018.
The total depth of exploratory drilling operations reached nearly 3 million during the reporting period. Nearly 2.3 million meters of 943 exploration wells were drilled by the Turkish Petroleum Corporation (TPAO).
The Turkish Mineral Research and Exploration General Directorate drilled 61 wells with a total depth of 92,599 meters while 167,303 meters of 144 wells were drilled by other Turkish companies.
Some 990,466 meters of 546 exploration wells were developed by foreign companies, while 195 wells were developed by joint ventures and consortia.
Some 495 deposits were discovered by TPAO, eight deposits – by the Turkish Mineral Research and Exploration General Directorate, 21 deposits – by other Turkish companies, 304 deposits – by foreign companies and 91 deposits – by joint consortia from January through December 2018.
According to the report, 91,991 areas with hydrocarbons were discovered in Turkey as of 2018.
The law allowing carrying out oil exploration in forests and national parks entered into force in Turkey in April 2014.
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