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Alaşehir Concession Opportunity
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REF: ASHRBAS |
Concession Summary
| Licence No: |
AR/PTK-MER/3846 |
| Date Awarded |
October 14, 2004 |
| Valid Until: |
October 14, 2008 |
| Area: |
49.339 Hectares |
| Shares: |
% 50 Merty Energy Inc. |
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% 50 Petrako Ltd. |
| Location: |
Western Turkey |
Alaşehir Basin
- Alasehir Basin is a Tertiary aged clastic basin and the third semi-mature HC exploration & production area in Turkey.
- Commercial oil of Sarıkız-1 and Alasehir-1 wells in the basin were discovered between 1999-2001 (31 and 37 API oil).
- Lower-Middle Miocene section in Alasehir fm. clastics are very rich in TOC (approx. 4-5%) and believed to be sourcing the oil occurence in Alasehir-Sarıkız oil field.
Highlights
- Proven hydrocarbon system.
- Available geological and geophysical data.
- 132.5 km 2D seismic lines were acquired by Merty Energy.
- Total seismic lines: 396 km.
- Leads are already identified.
- Ready and mature market conditions.
- Concession is very close to Aliağa Oil Refinery.
- Totally stable and safe environment for foreign investment.
- Easy reach to world markets by pipe lines, roads, railway and sea.
Prospects and Hydrocarbon System
Reservoir Rock: Clastics (deltaic, fluvial sandstone), basin floor fan’s and fractured zones of lacustrine limestones. Lagoonal limestones and the underlying sandstones are in the oil window with porosities above % 20-35 and permeabilities up to 10-100 md.
Cap Rock: Intraformational shales alternating with the sand- stones comprise cap rock characteristics.
Reserve Estimate: Sarıkız and Alaşehir Fields:
Oil in Place: 46.8 MM Stb Economical Value: 467.6 MM USD
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