Karakus is a producing conventional oil field located onshore Turkey and is operated by Turkiye Petrolleri Anonim Ortakligi. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 4037 and Block 3052. Buy the profile here.
Field participation details
The field is owned by Turkiye Petrolleri Anonim Ortakligi.
Production from Karakus
The Karakus conventional oil field recovered 92.87% of its total recoverable reserves, with peak production in 1991. The peak production was approximately 21.80 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2031. The field currently accounts for approximately 3% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 4.83 Mmboe, comprised of 4.75 Mmbbl of crude oil & condensate and 0.46 bcf of natural gas reserves.
About Turkiye Petrolleri Anonim Ortakligi
Turkiye Petrolleri Anonim Ortakligi (TPAO) is an oil and gas company that carries out exploration, refining, and marketing services for oil and gas. The company offers services such as geological services, seismic services, drilling, and domestic and international oil and natural gas production services. Its geological services are used in the geological field surveys. TPAO offers various exploration services which include seismic data acquisition, non-seismic data acquisition, seismic process applications, interpretation systems, GIS and remote sensing applications. The company also works as an enhanced oil recovery project. It has a presence in Azerbaijan, Turkey, Kazakhstan, Syria, Iraq, and Libya. TPAO is headquartered in Ankara, Turkey.
For more details on the Karakus Conventional Oil Field, buy the profile here.