In December 2019, the General Directorate of Mining and Petroleum Affairs (MAPEG) granted Guney Yildizi Petroleum (GYP) a new and exclusive exploration licence for block N47-b. The onshore licence is located in the SE Turkish provinces of Mardin and Siirt (District-X), near the border to Syria. It will be valid for an initial five-year exploration term.<P />The acreage covers a total area of 410 sq km, with most of it having been licenced previously. Parts of the acreage correspond the company's previous onshore exploration licence for Block 4968, which expired on 16 June 2018. At the time, Block 4968 was partly replaced by the N47-b3-1 and N47-b4-1 production licences. The move followed a successful exploration and appraisal campaign on the block, which discovered the Dirsekli Field.<P />Turkish Petroleum Corp (TPAO) submitted the original application for the N47-b block on 12 December 2018, with GYP submitting a rival application on 19 March 2019. GYP now operates the licence with 100% equity.
Guney Yildizi Petroleum (GYP) awarded a new and exclusive exploration licence for block N47-b. 