UK Oil & Gas (UKOG) has announced that construction of Pinarova-1's drilling pad and access road commenced on schedule over the weekend. As per the Company's Pinarova-1 release of 1st March 2023, site construction is expected to take approx. 14-21 days. Given no adverse weather-related construction delays, drilling to a total depth of around 500-550 metres below surface is expected to commence towards the end of March to early April 2023 directly after site completion.
Pinarova-1, located 6 km north of the Basur-1 oil discovery, is designed to test a working hypothesis, supported by well and seismic data, that the active 41.7° API light oil seep found last summer in a seismic shot hole above the Pinarova structure, is directly fed by and connected to an underlying light oil accumulation of some 9 km² areal extent within Eocene Hoya group limestones, lying around 300-645 metres below surface (see RNS of 11th January 2023).
UKOG holds a 50% non-operated interest in Pinarova-1 and the surrounding 305 km² Resan licence, which also includes the as yet undeveloped Basur-1 light oil discovery.
Click here for Presentation: Turkey Resan: Pinarova potential shallow oil accumulation (10th January 2023)
Source: UKOG
