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Friday, 09 January, 2009, 01:10 GMT | more >>

Otto set to spud Koyustu probe



By Upstream staff 

Australia’s Otto Energy expects to spud on 25 December its Koyustu-1 exploration well at the Edirne licence in Turkey.

The well will be drilled to a total depth of 650 metres targeting the Oligocene-Miocene Osmancik sandstones. Drilling time is expected to be about 10 days following which a testing programme may be carried out if wireline logs indicate the presence of gas.

Once the well is completed, the rig will move to flow test the Bati Umur-1 gas discovery well that was drilled in December last year.

Otto added that the joint venture is currently completing the interpretation of the recent seismic survey to select a second prospect for drilling.

Partners at Edirne are Otto (65%), Incremental Petroleum (15%), Merty Energy (10%) and Petraco Energy (10%).


Thursday, 21 December, 2006, 00:25 GMT  | last updated: Thursday, 21 December, 2006, 00:33 GMT

Turkey play: during Christmas for Otto and its partners
 

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