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Turkey: UK Oil & Gas provides update on Pinarova-1 well


06 Mar 2023

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UK Oil & Gas (UKOG) has announced that further to its Pinarova-1 release of 1st March 2023, the Company is now in possession of Turkey's General Directorate of Mining & Petroleum Affairs' ('GDMPA') formal written consent covering the Pinarova-1 exploration well's geological and technical objectives and design. As is customary, GDMPA request that they must receive a notice of intended 'spud' date five days before actual drilling commencement, still currently expected to be around the end of March or early April 2023. UKOG holds a 50% non-operated interest in Pinarova-1 and the surrounding 305 km² Resan licence, which also includes the Basur-1 light oil discovery.

Original announcement link

Source: UKOG





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