News listings
EP Opps relaunch

energy-pedia general news

Turkey flagTurkey

Europe / Caspian / CIS >>> Turkey

Turkey: Valeura Energy comments on recent events affecting Turkey

17 Oct 2019

Photo - see caption

Valeura Energy, the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation play in the Thrace Basin of Turkey in partnership with Equinor, has commented on its ongoing operations in relation to recent events affecting Turkey.

All of Valeura’s people, contractors, and assets remain safe and not directly impacted by the conflict in northern Syria. For reference, Valeura’s operations are located in the northwest (Thrace) region of Turkey, west of Istanbul and more than 1,000 km from the Turkey-Syria border. Field operations and specifically the production testing of the Inanli-1 well are progressing safely, and as planned.

Valeura has retained external legal counsel from the DLA Piper Washington D.C. office to provide ongoing legal counsel and monitoring of the U.S. Executive Order sanctions recently imposed against the Government of Turkey and certain Turkish parties and officials. The Company believes its ongoing business is able to proceed unimpeded by recent sanctions. Valeura anticipates continuing its natural gas production operations, including uninterrupted sales to its existing customers in Turkey, and the Company is continuing its appraisal testing programme in relation to its unconventional gas accumulation play. The Company has not, as of the date of this announcement, received any notice from any of its contractors or service providers of any anticipated disruption in their ability to support Valeura’s ongoing operations.

The Company continues to actively monitor the situation and, if required, may take measures to ensure its operations remain conducted in such a manner as to not trigger sanctions imposed by the Government of the United States of America.

Ensuring security, safety, and business continuity is a high priority for Valeura, and accordingly, the Company remains vigilant in monitoring the prevailing situation in Turkey to identify and manage risks to its people, assets, and ongoing operations. Business is proceeding as usual.

Original article link

Source: Valeura Energy

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 354

Completed Deals

Completed Upstream Deals: 5457

Company Profiles

Current Company Profiles: 2709

Corporate Activity

Current Corporate Activity articles: 3478

Companies Looking

Current number of articles: 437

Company Sales

Current Company Sales articles:1414


Current Geostudies articles: 721

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Rose & Assocs 149
Government of South Australia
Union Jack Oil 149
KL Publishing
SLR Consulting logo
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675