Condor Petroleum announces drilling results of development well in Turkey


Condor Petroleum has reported drilling results of the Poyraz 3 development well in Turkey.

The firm stated that based on wireline log interpretation, the Poyraz 3 well encountered a minimum 135m of net gas pay in multiple stacked reservoirs of Miocene (Kirazli and Gazhanedere sandstone formations) and Eocene (Sogucak carbonate formation) age. 

No gas-water contact was encountered in the basal Gazhanedere reservoirs and the gas-water contact in the Sogucak was confirmed to be at the structural spill-point of the Poyraz Ridge field.

Condor president and CEO Don Streu said: “Borehole imaging of the Sogucak carbonate in Poyraz 3 confirms the presence of an extensive network of fractures within the pay column, which should serve to enhance flow performance.

"Our drilling results continue to be very encouraging as only ‘gas down to’ volumes were previously used by the independent reserve auditor to calculate existing proved reserves."

"Our drilling results continue to be very encouraging as only ‘gas down to’ volumes were previously used by the  independent reserve auditor to calculate existing proved reserves.

"The advanced wireline logging techniques we’ve used continue to provide higher resolution and improved characterisation of the multiple reservoirs within the Poyraz Ridge field.”

Production casing has been run and cemented on Poyraz 3, and completion and testing equipment will be mobilised once the drilling rig has moved.

Poyraz West 5 is the next well to be drilled. It is an appraisal well on a different drilling pad and is designed to test the northwestern extension of the Poyraz Ridge field.

This region represents up to 30% of the mapped Poyraz Ridge trap closure area, but currently has no reserves attributed to it.