By OGJ editors
HOUSTON, Aug. 13 -- A group led by Incremental Petroleum Ltd., Perth, plans to start gas production in mid-2009 from the Edirne license in the Thrace basin northwest of Istanbul.
Turkish authorities granted the group a wholesale license that allows gas sales to the national grid, and the group awarded contracts for the design and engineering of a gas processing plant and pipeline.
Uhde Shedden of Australia won the gas plant contract, and Boral of Turkey will design and route the pipeline. Uhde designed the plant for Zorlu, formerly Amity, field 70 km from Edirne.
The joint venture of Incremental, operator with 55% interest, Otto Energy Ltd., Perth, 35%, and Petrako Energy 10%, has made six new field gas discoveries on the license since 2004.
The joint venture will be Turkey's first to produce and sell onshore gas into the Botas gas distribution network. It will be able to sell gas anywhere in the country at the best price it can negotiate. The current Botas price is about $14.70/Mcf.
Incremental is also involved in an oil and gas exploration project on 30,000 acres in the Tuz Golu basin south of Ankara.
