Project Profile
Location: 30 km. west of Istanbul in the Thrace Basin, Turkey
Reserves: 2.3 BCM (82.6 BCF)
Area: 36,429 hectares
Çatalca licence area covers an area of 36,429 hectares and is located 30 km. west of Istanbul in the Thrace Basin - the most prolific gas producing basin in Turkey. The block is approximately 3 km. from the pipeline tie-in point. The Thrace Basin is located in the European part of Turkey, to the west of Istanbul. The Thrace Basin is the most important gas producing basin in Turkey with more than 15 gas fields and 3 oilfields have been discovered in this basin and 70% of the basin remains underexplored. The Thrace Basin has excellent infrastructure and is a Tertiary Clastic Basin.
Approximately 100 km 2-D seismic has been shot and 5 separate seismic structural leads have been identified - Targets \'A\' through \'E\' at the Çatalca Block. The Damlica-1 Well successfully drilled in 2010 in Target \'A\' obtained a gas discovery with good reservoir qualities; 29% porosity and 500 m. darcy permeability. The overall target depth in the licence; is up to 800m. The comparative flow rates in the basin are up to 500,000 m3/day.
Operators:
Merty Energy: Operator with 55% interest
Azure Resources Corp: 20% interest
Emperor Oil: 25% interest