Reaching out: partners in the Edirne project in Turkey plan new drilling this week
Edirne partners set to spin Ikihoyuk-2 bit
Australia’s Otto Energy said that the Edirne permit joint venture partners are set to spud the Ikihoyuk-2 development well on the Turkish licence this Wednesday.
The objective of the drilling programme, carried out by partners Incremental Petroleum and Petraco, is to confirm and develop the western extent of gas bearing Danismen and Osmancik reservoirs within the Ikihoyuk structure.
Last year, the joint venture had considerable drilling success and the Ikihoyuk-2 well is designed to produce gas from a proven reservoir defined by the 2008 drilling campaign.
Otto said that the gas fill has been proved by the discovery well Ikihoyuk-1, which flowed at dry gas rates of up to 3.8 million cubic feet per day.
The well will be drilled to a planned total depth of 500 metres and is expected to take about 12 days.
Commercialisation of the Edirne gas project is progressing, with first gas sales anticipated in the second half of 2009. Negotiations are ongoing with three substantial Turkish parties to but the gas.
Incremental and Petraco jointly operate the permit with a 55% and 10% share respectively, while Otto holds the remaining 35% stake in the Thrace basin permit.