Altinakar-Basakli Lease

ALTINAKAR-BASAKLI PRODUCTION LEASE (ARİ/AME-GYP/K/M44-b3-1)

 

Altinakar block is also situated within the foreland belt of SE Anatolian Basin. The SE Anatolian Basin is the most active and oil prone basin in Turkey and it is located on the northern extension of the famous oil prone of the Arabian Plate, where the geology is very similar to Northern Iraq and Syria. However, in the SE Turkey Basin, the major reservoir and sources rocks are not as many as in the Arabian Plate. The basin contains rocks from Precambrian to recent that were deposited under different environmental conditions. Mostly Cretaceous source and reservoir couplet is considered to form the main petroleum system, but Palaeozoic mainly Silurian petroleum system is also present. Late Cretaceous Mardin Group is a widespread sedimentary sequence in the southeastern Turkey where main production is made.

 

14 API oil in Mardin was discovered in Altinakar-1 Well, in 2011 and 722 bbls oil was produced till dated August 2012. Altinakar-1 Well was deepened in 2012 and 41 API oil was discovered from Paleozoic Bedinan Sandstones. Current interpretations indicate that Altinakar-1 Well is located on the flank of structure but, having tested commercial oil in both potential reservoirs give very encouraging results for future seismic and drilling to commence in this promising license.

 

Many Paleozoic and Cretaceous Prospects which are undrilled and have good potential, were defined with available data in concession area. Block is in development phase.

 

On one of the defined prospects, oil is discovered with Basakli-1 Exploration Well in the north part of the license, production commenced in July 2014. AME and GYP hold %50 equal WI in this concession.  

 

Further studies will also be made to test the unconventional Dadas shale potential believed to be very productive in the license.