Interest: 50% - 100%
The Thrace Basin is located in the northwest part of Turkey. The Thrace Basin is the largest and thickest Tertiary sedimentary basin onshore Turkey and is the country's most productive onshore gas province.
Turkey's relatively high gas prices, established infrastructure, good quality reservoirs, and low-cost drilling generate excellent economics for Thrace's conventional gas play.
The company has identified a number of wells to re-enter and fracture stimulate tight sands that previously tested gas. Many of these wells sit on structures.