Exploration & Production | Operational Updates | Key Wells | Production Rates | Drilling Program
TransAtlantic Petroleum Running One Rig in 2015
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TransAtlantic Petroleum Ltd. has provided an operational update on its current drilling program.
Operational UpdateTransAtlantic's current 7-day average production rate is approximately 7,000 BOEPD, comprised of approximately 5,500 BOPD of oil and approximately 9.0 MMCFPD of natural gas. The Company currently has two active rigs, one in southeastern Turkey and one in the Thrace Basin of northwestern Turkey.
In the first quarter of 2015, TransAtlantic expects to resume drilling with one rig in Albania and release the rig currently drilling in the Thrace Basin of northwestern Turkey.
In the fourth quarter of 2014, TransAtlantic had average net sales of approximately 6,000 BOEPD, a 19% increase over net sales in the third quarter of 2014 and a 37% increase over net sales in the fourth…
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