Turkish company Extrem Energy is seeking partners for an exploration license in the Aegean Sea.
Offshore staff
HOUSTON –Turkish company Extrem Energy is seeking partners for an exploration license in the Aegean Sea.
The Candarli block (license AR/EXT/4219) is in the Western Anatolian region, offshore western Turkey, in water depths ranging from 10-150 m (33-492 ft). According to brokers Indigo Pool, a subsidiary of Schlumberger, the block contains multiple leads and prospects with billion-barrel potential.
Commercial oil quantities have been discovered in the closest analogue basin, where Extrem recently drilled and put wells into production. Indigo Pool points out that there is a refinery south of the license, which would facilitate development and early monetization of any fresh finds.
The work plan for the license includes seismic acquisition next year, and other studies.
