Turkey Black Sea 2004 - 2006
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Black Sea
Exploration in July Toreador to Begin Toreador Resources 5/20/2004 URL: http://www.rigzone.com/news/article.asp?a_id=13295 Toreador says that Turkey is the primary focus of the company's 2004 exploration campaign and in July will begin to drill its first exploratory well, the Ayazli-1, in the shallow waters of the western Black Sea. The Turkish national oil company, TPAO, will be carried on the Ayazli-1 well and has an option to participate in additional wells on Toreador's Black Sea prospects on this acreage for a 51% working interest. Toreador is the operator and holds a 49% working interest. "The Black Sea offers exploration opportunities that we want to take advantage of," said G. Thomas Graves, President and CEO, "and our solid working relationship with the Turkish government gives us a competitive advantage in the region. Our host partner views Toreador's cost-efficient plan to drill the Ayazli-1 well for about $4.5 million quite favorably and is extremely supportive of our efforts to help them develop their country's natural resources." "Recently, the government awarded Toreador about 730,000 acres in the Thrace region between Bulgaria and the Bosporus Straits. We have a 100% working interest in these six permits, the majority of which is located in relatively shallow water depths of 300 feet or less. Initially, we will evaluate seismic information and other data on this acreage," Graves said. In addition, Toreador has applied for 2.5 million acres in deeper water depths up to 5,700 feet. The acreage is prospective in the Cretaceous and Eocene formations. The block is immediately north of the acreage where the company will drill the Ayazli-1 well. |
Black
Sea Basin, Part III - Structure and Petroleum Potential Internet Geology News Letter No. 143, April 1, 2002 The Black Sea region is favorable for
understanding the
role of fluids in structure formation. Among the indications of strong gas flows are
cones of
mud volcanoes. The sedimentary section of the Black Sea is deformed over large areas, and flow of fluids has played an important role in this process, which is defined as fluidodynamic deformation. Such deformation provides channels for vertical migration of hydrocarbons from oil-gas-source rocks. The main oil-source rocks in the Black Sea basin are generally held to be upper Eocene and Maykop clays. It is proposed here that the main oil has been generated not by all the Maykop clays but only a comparatively narrow stratigraphic interval, The structural unity of the Oligocene-Neogene downwarps including the West Kuban downwarp with its large oil-gas fields is a basis for a high assessment of its deep-water analogs in the Black Sea - the Sorokin and Tuapse downwarps. The main exploration targets on the Shatskiy and Andrusov swells are anticlinal traps in Mesozoic rocks. Upper Jurassic limestone reefs are promising in some areas. The gas hydrate deposits of the Black Sea are without doubt related genetically to large deposits of free gas. Taken from Maysner and Tugolesov, 2001; digested in Petroleum Geology, vol. 36, no. 3, 2002, in preparation, one seismic section, one structure map, and one cross section. Copyright 2002 James Clarke. You are
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