Middle East Economic Survey


No 14



Incremental And Otto Energy Announce Drilling Program In Edirne Block

Australian companies Incremental Petroleum and Otto Energy on 27 March announced spudding the first well in the 2008 Edirne gas project in Thrace, near the Bulgarian and Greek borders. The 2008 program calls for drilling five wells targeting gas reserves amounting to a combined volume of 10-20 bcf. The first well, Ikihoyuk 1, has a target depth of 520ms and should...