Middle East Economic Survey

VOL. LIII

No 8

22-Feb-2010

TURKEY

Otto Energy Spuds Yolboyu-1 Well In Edirne License

Australias Otto Energy on 15 February announced that it had spudded the Yolboyu-1 well, the third in its Phase 2 exploration drilling program in Turkeys Edirne license. Otto said the Yolboyu-1 well differed from the earlier wells as it is a step-out well targeting a deeper prospect covered by 2D seismic data only, and as such is a higher risk. However, the company said...