Bartin

Onshore Bartın license blocks, together covering an area of 83,391 hectares, are situated in the Western Black Sea region. The main reservoir is sandstone intervals of the Eocene age Kusuri Formation. The best analogy is the nearby offshore producing gas fields of the SASB (South Akçakoca Sub-Basin). In the light of recognizing the similarities with the SASB gas fields, several prospects and leads have been identified based on the existing 2D seismic data.

Although there were significant gas shows in almost all the wells drilled between 1987 and 2009 in and around Bartın licenses, none of them has resulted in as a commercial discovery.

In 2020, the Sakarya gas field is discovery by the Tuna-1 well which is 100km North of SASB, and the field has been developed with drilling additional wells since then. With its 1 TCM (35.3 TCF) gas reserve size, Sakarya field is the largest gas discovery in the country. This discovery proves significant volumes of natural gas generation from the source rocks and could certainly be transformational for both offshore and onshore extensions of the similar gas plays in the region.

AME seeks a partner to carry the costs of new 2D seismic data and drilling one well in return for a non-operated stake in the Bartın exploration licenses. Size of the new seismic data acquisition is subject to negotiation. The party farming in will cover all costs for year one, with no back costings and then will be responsible for its percentage share in the license thereafter.