PETRACO

Alaşehir /Philadelphia license (606 km2) was awarded jointly to Petrako (Operator company having 25% stake) and Petroz Ltd - Australia , having 75% stake. Petroz provides technical assistance by the Ministry of Energy and Natural Resources at October 2015 and the Joint Venture parties submitted for exploration and production .The initial term of the permit is five (5) years, which first extension period of a further two (2) years term. Production can continue under a production licence through 20 years-plus for the life of the field.

Also known as: Petraco Ltd

Primary location: Ankara Turkey