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Turkish company extends license for oil & gas exploration in 3 provinces

Türkiye Materials 21 November 2019 12:08
Turkish company extends license for oil & gas exploration in 3 provinces

BAKU, Azerbaijan, Nov. 21

By Rufiz Hafizoglu - Trend:

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

According to the ministry, the license has been extended for oil and gas exploration in the Osmaniye, Adana and Hatay provinces in a total area of 61,700 hectares.

The company applied to the ministry in March 2019 to renew the license obtained in 2014.

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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Follow the author on Twitter: @rhafizoglu

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