AME awarded Production Leases and Exploration License

As published in the Official Gazette on April 4th 2018, the Turkish Ministry of Energy and Natural Resources Directorate General for Petroleum Affairs awarded Aladdin Middle East Ltd. (%88) and Sonar Petrol Arama Uretim Ltd. Sti (%12) two production leases covering map sheets ARİ/AME-SNR/K/M48-a3-1 (East Sadak Oymantepe Oil Field) for a period of 20 (twenty) years and ARİ/AME-SNR/K/M48-c1-1 (Gedikaşar/Birini Oil Fields) for a period of 5 (five) years starting from 28th March 2018.

 

The Ministry of Energy and Natural Resources Directorate General for Petroleum Affairs has also approved the award of an Exploration License covering map sheets M47-b1, b2 (Resan Anticline) to Aladdin Middle East Ltd. (%100) for a term of 5 (five) years as of May 23rd 2018.