In the initial phase of the agreement, the company will participate in two licenses, one in the Thrace basin and one in Southeastern Turkey, and will re-enter a total of four wells and drill a total of four wells over the next year. These wells will target tight sand and shale formations that do not produce under normal conditions.
Malone Mitchell, chairman of TransAtlantic Petroleum, said: “TPAO has taken the lead in introducing new technologies in Turkey to access these unconventional resources. We are privileged and humbled to have this opportunity to be a junior partner with such a talented and resourceful company. We hope this initial exploration phase will be a good beginning to a long lasting relationship.”
TransAtlantic Petroleum is mobilizing frac and other equipment into Turkey to enable it to explore for unconventional resources.
