...

Turkish Energy Ministry prolongs TPAO license for oil, gas exploration

Oil&Gas Materials 21 May 2021 10:35 (UTC +04:00)
Turkish Energy Ministry prolongs TPAO license for oil, gas exploration

BAKU, Azerbaijan, May 21

By Fidan Babayeva – Trend:

The Ministry of Energy and Natural Resources of Turkey has extended the license of the Turkish Petroleum Corporation (TPAO) for the exploration of oil and gas deposits, the Ministry of Energy and Natural Resources of Turkey told Trend.

As the ministry stated, on November 17, 2020, the TPAO applied to prolong the license for 10 years.

"TPAO will conduct prospecting for oil and gas in Edirne province on a territory with a total area of ​​53,820 hectares," the ministry said.

In 2019, exploration drilling work was carried out in Turkey to search for hydrocarbons, 5,063 exploration wells were drilled.

During the year, the total depth of exploration drilling operations amounted to over 9.5 million meters.

At the same time, TPAO drilled 3,048 exploration wells with total footage of 6,145,929 meters.

Some 104 wells with a total depth of 133,386 meters were drilled by organizations of the General Directorate of Mineral Research and Exploration of Turkey (MTA), 257 wells with a total depth of 311,662 meters were drilled by other Turkish companies.

Foreign companies drilled 1,312 exploration wells with a total depth of over 2.2 million meters, and joint ventures and consortiums - 342 wells.

From January through December 2019, 510 deposits were drilled by TPAO, 8 – by MTA, 24 – by other domestic companies, 306 - by foreign companies, and 93 deposits – by joint consortiums.

In April 2014, a law came into force in Turkey allowing oil exploration in forests and national parks.

---

Follow the author on Twitter: @Fidan_Babaeva

Tags:
Latest

Latest