Edirne JV Delivers First Gas from Turkish License

Turkey Licenses
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Otto Energy and its partners TEMI and local Turkish company Petraco announced that first sales gas has been delivered into the BOTAS national gas grid. This completes the first phase of activity comprising the discovery and development of eight individual gas accumulations within the Edirne Licence in the Thrace Basin of the European part of Turkey.

Commissioning and optimisation of the Edirne Gas Plant will be ongoing over the coming weeks with expected steady state production post commissioning to be in the range of 10 - 14 mmscf per day.

Gas production from the Edirne licence will be sold via a dedicated sales arrangement to AKSA Dogalgaz Toptan Satis A.S. Otto Energy has elected not to participate in the Gas Plant ownership and will pay a processing fee to the Joint Operators.

The Edirne Joint Venture partners comprise Otto Energy, which holds a 35% interest in the Edirne Licence and Joint Operators TEMI (55%) and local Turkish company Petraco (10%).


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