Australian oil and gas exploration and development company Otto yesterday said Bati Umur-1 was suspended by the joint venture in December 2005 after encountering zones of potential gas pay identified on wireline logs.
But Otto said the well was not flow tested due to severe winter conditions at the time of completion.
Turkish operators Merty Energy and Petrako are now preparing Bati Umur-1 for flow testing of the main gas zone interpreted from wireline logs between 365m and 370m.
Otto said the partners met in Turkey in mid-January to discuss the test results of both Bati Umur-1 and the Koyustu-1 wells and selected prospects for follow-up drilling. They also agreed the parameters of a feasibility study to commercialise these fields in the “shortest possible time frame”.
The JV also said it had received an expression of interest from Zorlu Petrogas to purchase gas from the Koyustu and any other gas fields in the Edirne Licence.
Otto said Zorlu Petrogas has been awarded the City Gas distribution rights for the Edirne and Kirklareli Provinces from the Turkish authorities and has begun pipeline construction activities.
Interests in the Edirne Licence are Otto (65%) and Incremental (15%) and Turkish operators Merty Energy and Petrako, both with 10% each.
Incremental will pay $3 million to Otto towards exploration expenses to earn its 15% stake.
