As of December 2022, GYP fully owns and operates in 2 exploration licenses in SE Turkey, namely, AR/GYP/K/M48-a4 and AR/GYP/K/N47-b, which cover a total of 62,401 hectares surface area. The licenses were awarded to GYP on January 12, 2019 and December 27, 2019, respectively. These projects are managed through an initial compilation of available geological and geophysical data and later interpretation and evaluation studies in regional and prospect scale which lead to a final assessment of the hydrocarbon potential of the license area. For this purpose, old vintage data are digitized by LYNX LEASSV and LEASMAP softwares, and loaded into SMT Kingdom Suite 8.8 version along with recent digital data that is used for 2D and 3D seismic evaluation, well correlation and well log interpretation. During the year 2022, three (3) exploration wells (Sulak-1 and Bereket-1 in Licence AR/GYP/K/N47-b, and Doğu Dirsekli-1 in License ARI/GYP/K/N47-b3-1) were drilled and completed. Sulak-1 well was abandoned in Germav Formation due to technical drilling difficulties. Bereket-1 and Doğu Dirsekli-1 were abandoned as dry holes in Gercus Formation. Besides, 1 production (Petek-4) and 1 appraisal well (Altınakar-5) were drilled in Licenses ARI/AME-GYP/K/L44-d4-2 and ARI/AME-GYP/K/M44-b3-1, respectively. Petek-4 was put into production, and Altınakar-5 is pending for workover operations. Following 2D seismic data acquisiton programs were also conducted in year 2022.
. 117 km 2D in License ARI/AME-GYP/K/M44-b3-1
. 18 km 2D in License AR/GYP/K/M48-a4
. 162 km 2D in License AR/GYP/K/N47-b
GYP is currently working in 2 exploration licenses, which cover a total of 62.401 hectares surface area. License AR/GYP/K/M48-a4 (Sadak) is located near the town of Eruh / Siirt Province was awarded to GYP on January 12, 2019. License AR/GYP/K/N47-b is located near the towns of Idil and Guclukonak / Sirnak Province was awarded to GYP on December 27, 2019 for the period of 5 years.
Exploration License AR/GYP/K/M48-a4
The license is located in Eruh Town of Siirt Province and it is neighboring E.Sadak Oil Field to the east. Sadak surface anticline is about 8 km. long Upper Miocene-Pliocene aged structure created by a south dipping thrust fault at its northern edge.
Three exploratory wells were drilled by GYP in the eastern edge of the license and light oil was discovered in the first well. Other two wells were abandoned as oil show dry wells.
18 km 0f 2D seismic acquisition survey was conducted in the summer of 2022. Data were processed and interpreted. A new exploratory well is planned during the second quarter of 2023.
Exploration License AR/GYP/K/N47-b
Geological and geophysical data were studied and evaluated in year 2020 in this exploration license which completely surrounds the Dirsekli Field production license (ARI/GYP/K/N47-b4-1). Two exploratory wells (Pecenek-1 and Bereket-1) were drilled and resulted as oil show dry wells. Third well (Sulak-1) was temporarily abandoned due to technical reasons.
162 km of 2D seismic data acquisition program was carried in the northeastern part of the license in November to December 2022. Data are currently being processed.