Joint venture partners Otto Energy and Incremental Petroleum have announced the confirmation of several gas bearing intervals in the Ortakci-1 exploration well, the third of a 5-well drilling program currently underway in the Edirne Licence in Western Turkey. This is now the sixth gas discovery made by the joint venture from six wells drilled on the licence to-date.
The Ortakci-1 well encountered approximately 20m net gas pay intervals located between 238m and 332m, with excellent porosity averaging 25%. The well 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.
The Ortakci-1 prospect is the largest and western-most of the 17 structures mapped on the 2007 3D seismic, covering an area of approximately 3 sq km and 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 current drilling 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.
Commenting on the news Alex Parks, CEO of Otto Energy said: “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. 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.”
The partners in the Edirne Gas project are Otto Energy 35% and joint operators Incremental Petroleum 55% and Petraco Energi 10%.