Petrako’s Saros Bay blocks AR/PTK # 4865, 4866 and 4871 are located in the southwest Thrace Basin in the European part of Turkey. The Petrako blocks are located in exploration-friendly farmland with good infra-structure close to local markets and international oil and gas pipelines (Figure 1).
The onshore Thrace Basin is an important hydrocarbon province in the European part of Turkey. Over 4 Billion m3 of natural gas has been produced from some 20 fields since 1970.
There is 300 Km of 2D seismic data in Petrako block #4865 and 2 exploration wells, Kumtepe-1A(1983;1750mTD) & Kumtepe-1B (1984;2919mTD). More seismic and wells are present in the adjacent blocks 4866 and 4871, which were
recently awarded to Petrako. The three licences form a very large and contiguous East – West aligned permit area (Figure 2). Based on re-processed seismic and a reinterpretation of well data in block #4865, Petrako has identified numerous undrilled prospects. These prospects offer shallow to moderate depth targets at Eocene and Oligo- Miocene levels (Figure 3 and 4). These structures are typical of most of the Thrace Basin gas fields Exploration in the Thrace Basin is cost effective due to the exploration friendly terrain and the ready availability of seismic crews and drilling rigs.
Petrako permit location showing the three Petrako exploration licences # 4865,4866 and 4871 as well as existing well and seismic line locations (in red).