IS - Valeura on the hunt for a new JV partner after Equinor’s exit - May 2020Canada-based Valeura Energy is looking for a new JV partner for its operated unconventional deep gas play in Turkey’s Thrace Basin following Equinor’s exit in in early April. The company will soon begin working with an advisor to secure the right candidate. “The idea is to bring in someone who has the financial capability but also, importantly, the correct technical background and experience in these unconventional plays,” president and CEO W. Sean Guest said during a May 12 conference...
May 29, 2020
A&D - Valeura looks for new JV partner in Turkey after Equinor’s exit - May 2020Canada-based Valeura Energy is looking for a new JV partner for its operated unconventional deep gas play in Turkey’s Thrace Basin following Equinor’s exit in in early April. The company will soon begin working with an advisor to secure the right candidate. “The idea is to bring in someone who has the financial capability but also, importantly, the correct technical background and experience in these unconventional plays,” president and CEO W. Sean Guest said during a May 12 conference...
May 22, 2020
IS - Valeura gets its best Thrace results to date at Devepinar - December 2019Valeura Energy has successfully fracked and tested three intervals in its Devepinar-1 well in the Thrace Basin onshore Turkey. The well stimulated three separate intervals between depths of 4,640 and 4,765 meters with proppant loads of 41, 61 and 57 tonnes, respectively. After initial clean-up, the deepest to shallowest intervals flowed 1.6 MMcf/d, 1.3 MMcf/d and 1.3 MMcf/d, respectively, over the last 24 hours. The plugs between the three zones were then drilled out and production...
Dec 31, 2019
CS - Valeura Energy’s second Inanli-1 flow test in Turkey a success - October 2019Canada-based Valeura Energy Inc. said it conducted a second successful flow test from its Inanli-1 appraisal well in Turkey’s onshore Thrace Basin 120 km west of Istanbul. The company and its partner Equinor tested the interval between 4,176 and 4,217 meters, which contains tighter and less fractured rock than the interval in the first flow test. Valeura used roughly 15 tons of proppant over the new interval. As of Sept. 5, the well had flowed for four days with an average gas rate of...
Oct 02, 2019
IS - Valeura Energy’s second Inanli-1 flow test in Turkey a success - September 2019Canada-based Valeura Energy Inc. said it conducted a second successful flow test from its Inanli-1 appraisal well in Turkey’s onshore Thrace Basin 120 km west of Istanbul. The company and its partner Equinor tested the interval between 4,176 and 4,217 meters, which contains tighter and less fractured rock than the interval in the first flow test. Valeura used roughly 15 tons of proppant over the new interval. As of Sept. 5, the well had flowed for four days with an average gas rate of 185 Mcf/d...
Sep 24, 2019
CS - People & Companies - May 29, 2019Advantage Oil & Gas LTD named
Jill T. Angevine, Stephen E. Balog,
Grant B. Fagerheim, Paul G. Haggis,
Andy J. Mah and Ronald A. McIntosh
as directors. McIntosh has been
chairman of Advantage since February
2014. Previously, he served as CEO
and president of Navigo Energy Inc.
Mah has been the CEO of Advantage
since January 2009 and president
since April 2011. Catherine Best, Murray Edwards,
Timothy Faithfull, Christopher Fong,
Gordon Giffin, Wilfred Gobert, Steve
Laut, Tim McKay,...
May 29, 2019
IS - Valeura advances Yamalik appraisal work onshore Turkey - March 2019Valeura Energy spudded a second well to appraise its 2017 Yamalik-1 discovery in the Thrace basin of northwest Turkey. Valeura spudded Devepinar-1 on Feb. 18, ~20 km west of the first appraisal well, Inanli-1. The new well is a step-out, intended to test the lateral extent of gas in the western side of the basin. The drilling, evaluation and casing of the well is expected to cost $25 million. Because of the success of the Inanli-1 in demonstrating the presence of overpressured gas down...
Mar 14, 2019
Valeura plans focus on Turkey’s Thrace BasinValeura Energy plans to focus
its near-term attention on appraising
and de-risking the basin centered gas
accumulation it discovered with its
Yamalik-1 well. Yamalik-1 was designed
as the company’s first test of the deep,
basin-centered gas potential in the
Thrace Basin of northwest Turkey. The
objective of Valeura’s 2018 and 2019
work program is to demonstrate that
over-pressured gas is pervasive across
its Thrace Basin lands and to show that it
can achieve commercial flow rates. can
be...
Jun 01, 2018
Valeura gets 10% increase in natural gas pricesValeura Energy said Boru Hatlari ile
Petrol Tasima Anonim Sirketi (BOTAS),
the midstream company that buys and
transports the natural gas it produces in
Turkey, has granted a 10% increase in price
effective April 1. This comes less than three
months after the last increase of 14%, which
took effect Jan. 1. Once the exchange rate of
the Turkish Lira is taken into consideration,
Valeura expects to realize gas prices of $7.37/
Mcf in 1Q18, up 11.5% from...
Apr 25, 2018
IS - Middle East & North Africa Briefs - February 11, 2020Delek Drilling, one of Noble Energy’s Leviathan partners, said Netherland, Sewell & Associates completed a report based on reprocessed seismic data and identified two prospects near the field in licenses I-14 and I-15. The two prospects hold combined best estimate prospective resources of 380 MMbo and 390 Bcf. One prospect is a Mesozoic carbonate, and the other is a Lower Cretaceous clastic channel play. Noble and its partners do not yet have drilling plans for the prospects. Edison...
Feb 11, 2020
IS - Middle East & North Africa Briefs - November 5, 2019Valeura Energy finished its fourth flow test of the Inanli-1 well onshore Turkey in the Thrace Basin. The test targeted an interval between 3,681 meters and 3,723 meters. It flowed an average 306 Mcf/d with a final 24-hour rate of 171 Mcf/d. The condensate to gas ratio averaged 23 bbl/ MMcf but was increasing over the test duration and over the last 24 hours was 97 bbl/MMcf. Valeura and partner Equinor are now moving on to test the Devepinar-1 well, which is 20 km west of Inanli-1....
Nov 05, 2019
IS - FSU & Eastern Europe Briefs - October 15, 2019US-based Epsilon Development’s plan to increase gas production from its blocks in Uzbekistan to over 880 MMcf/d by the end of October from 130 MMcf/d in September got a sizeable boost after the workover of an Uzbekneftegaz well. The Nazarkuduk-4 well is located on the Kulkat-Kamashynsky block in Uzbekistan’s southern Kashkadarya region and flowed at 883 Mcf/d when Uzbekneftegaz controlled the well. Epsilon took over the block and four others in the country in late 2018. After completing...
Oct 15, 2019
IC - Europe Briefs - May 01, 2019Ascent Resources plc placed over
214 million ordinary shares at 0.35p each to
raise £750,000, which will be used to finish
reprocessing 3D seismic on its Petišovci
asset in Slovenia and for working capital. The
offering brings Ascent’s shares outstanding
to over 2.6 billion. CEO Colin Hutchinson
said Petišovci was the company’s key
producing asset, and that Ascent would
look at other regional opportunities. Norwegian seismic company
Electromagnetic Geoservices ASA
secured up to $7.5...
May 01, 2019
CS - News Briefs - March 05, 2019Calgary-based Emerald Bay
Energy spudded a wildcat test well at
its Bauer prospect in South Texas. The
company said it will keep drilling data
and geologic information confidential
until it can assess the results and secure
any additional mineral leases it needs
to enhance the prospect. Bauer is the
first prospect drilled in partnership with
Cotulla Energy Resources, which will
fund the well in return for 75% WI. Valeura Energy spudded a second
well to appraise its 2017...
Mar 05, 2019
IS - Middle East & North Africa Briefs - February 21, 2019McDermott International has
emerged as a leading contender for a
$700-$800 million contract to design,
build and install offshore facilities to
boost production at Qatar’s offshore
North Field, Upstream reported.
Qatargas was assigned to execute
the megaproject and reached out to
four pre-qualified contractors last year
to work on the first phase of the North
Field expansion project. The company
is expected to make a final decision for
the work in Q1. Equinor and Canada’s...
Feb 21, 2019