Nautec has completed the provision of well engineering support services to Petroz limited in support of their Alasehir Oil Project in the Manisa Provence in western Turkey.
Petroz is an unlisted public Australian oil company, which, in association with its local Turkish partner Petrako, has recently been awarded an oil licence in Western Turkey.
On this Licence, four wells were drilled and 2D seismic work conducted from 1998-2001 by the Turkish National Oil Company. All four wells recorded good oil shows, including one oil blowout, which was capped. From 2004 to 2013 a further 2 wells were drilled by Merty and a British farminee. Of these 2 new wells, Sarikiz-2, flowed oil to surface and production testing produced over 1,000 barrels of good quality oil in a flow test over 7 days. A second well, Sarikiz-3 produced gassy water with oil and condensate, but the well was plugged and abandoned by the operator.
The first well drilled by Petroz will be next to the Sarikiz-2 discovery well, which for technical reasons cannot be re-entered. Nautec undertook the preliminary well design and planning work for this well in December 2015.
Dempsey Minerals Limited has entered into a conditional exclusive Option and Sale & Purchase Agreement under which it has an option to acquire 100% of the issued capital of Petroz Limited (“Petroz”).
To read more about Nautec’s Well Engineering services please click here.