Exploration & Production | Drilling / Well Results
TransAtlantic Sets Up Wells Onshore Turkey; Averages 4,600 BOE/d
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TransAtlantic Petroleum Ltd. has reported an operational update on its current drilling program.
ProductionFor the first quarter of 2014, TransAtlantic had average net sales of approximately 4,600 BOEPD, a 5% increase over average net sales in the fourth quarter of 2013. Average net sales for the first quarter of 2014 were comprised of approximately 2,900 BOPD of oil and approximately 10.2 MMCFPD of natural gas. Several wells were shut-in to prepare for sidetrack operations, conversion to waterflood injection and polymer injection. The Company currently has three active rigs in southeastern Turkey and one active completion unit in Bulgaria. TransAtlantic spudded seven wells and completed seven new wells in the first quarter of 2014. The Company plans to drill between 33 and 49 gross…
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