In related news, Toreador disclosed that the Bayhanli-1 well tested 7.2 million cubic feet of gas per day from 14.5 meters (48 feet) of perforations through a 32/64" choke with a flowing wellhead pressure of approximately 1,100 psi. As previously announced, the well was drilled on a new prospect to the east of the Dogu Ayazli structure along the same fault trend. The Prometeu jackup, which was used to test the Bayhanli-1, is currently drilling the Kuzey Akkaya prospect in a new area to the north of the Akkaya structure. Upon completion, the Prometeu will move to a new location to drill the Dogu Ayazli #3 well.
The company also says that GAMA Power Systems Corporation, a well-respected construction company based in Turkey, has started construction on the mechanical portion of the onshore production facility for the South Akcakoca Sub-basin project, at a site that has been prepared near the town of Cayagzi on the Turkish coast. This is the last major construction contract to be awarded in the first phase of development. The company expects the plant to be operational by end October. The first phase will have a through put capacity of 75 MMCFD which can be expanded to 150 MMCFD to handle gas that could be added from areas adjacent to the South Akcakoca Sub Basin and is to be fully operational in early November and connected to the already completed onshore pipeline to the operator of the Turkish national gas grid, BOTAS.
Toreador President and CEO, G. Thomas Graves said that he expects the company to begin first production from Turkey's offshore Black Sea coast by the end of the year.
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