Gas sales start from Turkish Black Sea

Uchenna Izundu
International Editor

LONDON, May 25 -- The first natural gas sold from the Turkish Black Sea has begun flowing from the South Akcakoca subbasin to AKSA, a Turkish gas distributor, reports Toreador Resources Corp. (OGJ, Apr. 16, 2007, Newsletter).

Initial production for the AKSA sale is 29 MMcfd of gas from three wells on the Akkaya platform. Production is expected to increase to 50 MMcfd by this year's third quarter, when three platforms are on stream. The contract is for 3 years, based on volume.

Toreador has 36.75% interest in the project, state-owned TPAO has 51%, and Stratic Energy Corp. has 12.25%.

Contact Uchenna Izundu at uchennai@pennwell.com.

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