Turkey: TransAtlantic to farmout Idil license

TransAtlantic Turkey Ltd., a wholly owned subsidiary of TransAtlantic Petroleum Ltd., has reached a farmout agreement with Oslo-based Onshore Petroleum Co. AS on TransAtlantic’s Idil license in southeastern Turkey.

"We expect to spud our first exploration well to test the Mardin formation in the Cretaceous interval in the second quarter," said Ian Delahunty, TransAtlantic president.

Onshore will finance 100% of TransAtlantic Turkey's initial exploration well, capping at $3.5 million, with expenses above that to be split equally. 

TransAtlantic Turkey and Selsinsan Petrol Maden TO San ve Tic. Ltd. Sti., together currently hold 100% interest in the 123,000-acre license. They will assign Onshore 50% interest.

Related Articles

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin


CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Cairn, FAR to drill exploration wells offshore Senegal


FAR Ltd., Perth, will participate in the drilling of two deepwater exploration wells offshore Senegal next month.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected