Drilling consent for UKOG’s Turkish well

UK Oil & Gas (UKOG) has announced the Turkish energy ministry has granted formal drilling consent for the Basur-3 well.

In a statement to shareholders, UKOG said construction of the well site in the Resan licence in south east Turkey was expected to be completed by the end of May 2021.

It said the Basur-3 well was the “first key step towards establishing the commerciality of the Basur-Resan Mardin oil pool”.

UKOG’s chief executive, Stephen Sanderson, said:

“The speedy grant of drilling consent from the Turkish government further illustrates how oil and gas projects can be pushed ahead more rapidly and with more certainty in Turkey than in the UK onshore, a key enabler for value creation and preservation.”

UKOG is challenging the refusal of planning permission for gas drilling and testing at Dunsfold in Surrey. A public inquiry is due to begin on 27 July 2021.

The company’s oil production site, at Horse Hill in Surrey, is the subject of a legal challenge at the Court of Appeal. Environmental campaigner, Sarah Finch, will argue that Surrey County Council, which approved planning permission for site expansion, should have taken into account the greenhouse gas emissions from burning Horse Hill oil. The latest production figures at Horse Hill show falling volumes.

Source: drillordrop.com

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