CALGARY, March 29 /CNW/ - Stratic Energy Corporation and its joint
venture partners TPAO (the Turkish national oil company) and Toreador
Resources Corporation today announced that gas has begun to flow from the
Akkaya platform in the Black Sea, offshore Turkey.
The first two production platforms in the first phase of development of
the South Akcakoca Sub-basin are in place and the Akkaya production platform
has been tied into the offshore pipeline, with the three Akkaya wells having
been tied into the production manifold on the platform. Gas is flowing from
the Akkaya platform into the offshore pipeline and the onshore production
facility. This initial flow is being used to purge the nitrogen in the
offshore pipeline, the production facility and the onshore pipeline to prepare
the system for first gas sales. Once the pipelines and plant are filled, the
compressors will be test run and pressure built up in the onshore pipeline in
readiness for first gas sales.
The tie-in of the Dogu Ayazli platform and the two Dogu Ayazli wells is
nearly complete, with commissioning checks and communications with onshore
control systems to follow. Once the testing is complete, gas flow from the
Dogu Ayazli platform will begin into the offshore pipeline and combined with
the flow from the Akkaya platform.
The Alapli-1 well, which lies just outside the South Akcakoca Sub-basin,
yielded a final test result of approximately seven million cubic feet of gas
per day from 15 meters of perforations in three zones between 1,068 and
1,242 meters true vertical depth through a 32/64-inch choke with a flowing
pressure of approximately 1,080 psi.
Stratic has a 12.25% working interest in the area, with Toreador, as
operator, holding a 36.75% interest and TPAO holding a 51% interest.
Further information on Stratic and its operations can be found on the
company's website at www.straticenergy.com.
The TSX Venture Exchange has neither approved nor disapproved the
contents of this news release.
For further information:
For further information: Kevin Watts, President & Chief Executive, +44
20 7016 6421; Roger Fullerton, Manager, Investor Relations, (952) 929-7243;
Website: www.straticenergy.com; Email: firstname.lastname@example.org