The Thrace Joint Venture is considering forward options for operations but said further drilling of new wells up-dip of Beyazkoy-1 will be required. Beyazkoy-1 is on the same structural trend as the successful Gorcerler-1 and Gocerler-2 gas wells, which proves both oil and gas have migrated into this area, according to Amity Oil.
The participants in the well are Amity (operator) 50% and Turkish government-owned Turkiye Petrolleri Anomim Ortakligi 50%.