7th Apr 2021 11:57
UK Oil & Gas PLC - London-headquartered exploration and production company - Says Turkish Ministry of Energy & Natural Resources grants UKOG Turkey and Aladdin Middle East formal consent to drill the forthcoming Basur-3 appraisal well, located in the Resan licence AR/AME-UKO/K/M47-b1, b2. UKOG Turkey, a wholly-owned subsidiary, has a 50% interest in the licence.
"The speedy grant of drilling consent from the Turkish government further illustrates how oil and gas projects can be pushed ahead more rapidly and with more certainty in Turkey than in the UK onshore, a key enabler for value creation and preservation. We commend our partner Aladdin Middle East's efforts in this respect," says Chief Executive Stephen Sanderson.
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By Lucy Heming;Â [email protected]
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