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Otto Energy, partners awards Turkey field contracts


Published Aug 13, 2008
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Otto and Incremental provides drilling report for the Edirne Licence, Thrace Basin, Turkey-Spotlight

Otto Energy Ltd and its joint venture partners have awarded two contracts for the design and engineering of a gas processing plant and pipeline for the development of the Edirne gas fields in Western Turkey.

Australia’s Uhde Shedden was awarded the contract for Front End and Detailed Design. Uhde have previously designed the gas processing plant for the Amity (now Zorlu) gas plant in Turkey’s Thrace Basin, some 70 km from the Edirne Concession.

Boral, a Turkish company, was awarded the contract for Pipeline Design and Routing, plus additional consultancy work related to local permits and approvals.

Additionally, the Turkish Energy Market Regulatory Authority (EMRA) advised that the Joint Venture has fulfilled all of the requirements necessary to be granted a wholesale gas licence. This is a major milestone in getting full regulatory approval to produce gas into the national grid.

The Joint Venture will be the first to produce and sell onshore Turkish gas directly into the extensive “Botas” gas distribution network, which enables the JV to sell gas anywhere in Turkey for the best possible price, which will be at a discount to the Botas price.

The Botas gas price was recently raised to YTL519 per thousand cubic metres, which equates to about US$14.70/mcf.

Tags: Otto Energy Limited




   

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