Otto makes another discovery in Turkey
Posted: 1 May 2008
Joint venture partners Otto Energy and Incremental Petroleum reported the confirmation of several gas bearing intervals in Ortakci-1 exploration well, the third of a 5-well drilling program currently underway in the Edirne Licence in Western Turkey.
"This is another excellent result - with a total of six new-field gas discoveries now made from six wells drilled since Otto acquired the Edirne licence in 2004," said Alex Parks, CEO of Otto Energy.
"These small gas fields are relatively close together and can be developed through a central development hub. We look forward to commercializing these discoveries once the drilling and testing program has been completed by end June 2008."
Highlights
- Ortakci-1 encountered approximately 20m net gas pay intervals located between 238m and 332m, with excellent
porosity averaging 25%.
- Ortakci-1 was drilled to a total depth of 524m and the present operation is running casing for flow testing once drilling of all five wells is completed.
- Ortakci-1 is the largest and western-most of the 17 structures mapped on the 2007 3D seismic, covering an area of approximately 3 sq km.
- The drilling rig will now be moved to the 4th well site Arpaci-2, an updip appraisal well of the Arpaci-1 discovery made in 2006.
The 5-well program is designed to prove up significant volumes of gas to enable a combination of these gas discoveries to be placed on production by mid-2009.
The partners in the Edirne Gas project are Otto Energy 35%, Incremental Petroleum 55%, and Turkish partner and Joint Operator Petraco 10%.
Posted by Richard Price, Editor, EnergyME.com
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