document: In early August 2018, the General Directorate of Petroleum Affairs (GDPA) awarded Guney Yildizi Petroleum (GYP) two production leases comprising of areas N47-b3-1 (41.87 sq km) and N47-b4-1 (51.34 sq km). The leases are located in the SE Turkish province of Mardin (District X) and will be valid for an initial term of four and six years respectively. They effectively replace part of GYP's Block 4968 exploration licence.<P />The move follows a successful exploration and appraisal campaign on the block, which discovered the Dirsekli Field. The Dirsekli 1 NFW was drilled in 2013/2014 and is understood to have encountered oil in the Late Cretaceous Mardin carbonates as well as Paleocene dolomites. One appraisal well has been drilled so far. Both wells have been completed and placed on-stream. During Q1 2018, the field produced at a rate of around 26 bo/d.
summary: TPAO (100%) was awarded exploration licences N47-b3-1 (41.87 sq km) and N47-b4-1 