Oil Exploration Blocks, S.E. Turkiye
Cudi-Gabar Oil Petroleum Province, Turkiye
Status: Seismic acquisition
Five years ago, this part of Turkiye produced almost no oil. Today, fields directly adjacent to the M47 Block are producing over 81,000 boe/d from discoveries that didn't exist a decade ago. Trillion Energy has signed an agreement to earn a 29% working interest in the block, committing US$15 million across two work program tranches covering seismic acquisition and drilling.
The block lies 12 km from the Sehit Aybuke Yalcin field, a 1 billion barrel OOIP discovery now producing 80,000 boe/d, surrounded by multiple new TPAO discoveries across the Cudi-Gabar province.
The oil blocks are surrounded by >10 major oil discoveries, half of which are recent.
Oil Field Exploration Map
The definitions used are those contained in The Canadian Oil and Gas Evaluation Handbook maintained by the Society of Petroleum Evaluation Engineers (Calgary Chapter) ("COGEH") and National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities
Eastern Block
M47C3,C4
The M47 Block covers approximately 450 km² in the heart of the Cudi-Gabar province. It sits roughly 11 km from the Sehit Aybuke Yalcin Oil Field at Mount Gabar, where a discovery well encountered a 162-meter-thick reservoir with 41 API gravity oil. That field holds a reported 1 billion barrels OOIP and is part of a cluster of Gabar discoveries now producing a combined 80,000 bpd, with a government target of 100,000 bpd. The block is also 12 km from the Sehit Esma Cevik Oil Field, a 250 million barrel OOIP discovery that ramped to 10,000 bopd within months of its December 2022 announcement. The exploration term for the block extends until December 16, 2028.
The M47 Block covers approximately 450 km² in the heart of the Cudi-Gabar province. It sits roughly 11 km from the Sehit Aybuke Yalcin Oil Field at Mount Gabar, where a discovery well encountered a 162-meter-thick reservoir with 41 API gravity oil. That field holds a reported 1 billion barrels OOIP and is part of a cluster of Gabar discoveries now producing a combined 80,000 bpd, with a government target of 100,000 bpd. The block is also 12 km from the Sehit Esma Cevik Oil Field, a 250 million barrel OOIP discovery that ramped to 10,000 bopd within months of its December 2022 announcement. The exploration term for the block extends until December 16, 2028.
1. UKOG Why SE Turkey & Basur-Resan Presentation, 2021 - https://www.ukogplc.com/ul/UKOG_Turkey_Slides%20_FINAL_190121.pdf
2. https://www.tpao.gov.tr/file/2212/en-sehit-esma-cevik-bilgi-notu-114363997195a6d60.pdf and https://www.tpao.gov.tr/file/2305/kamuoyu-duyurusu-eng-13416452d270cb2e3.pdf
3. Upper cretaceous carbonate reservoirs of the Raman Field, Southeast Turkey". Carbonates and Evaporites
4. Bati Raman Field Immiscible CO2 Application: Status Quo and Future Plans. Secaeddin Sahin, Ulker Kalfa, and Demet Celebioglu, TPAO. https://www.offshore-technology.com/marketdata/oil-gas-field-profile-bati-raman-heavy-oil-field-turkey/
5. https://www.reuters.com/article/turkey-energy-oil-idAFL1N3710DC
Recoverable and OOIP Volumes By Field Map
10 Well Work Program
Seismic acquisition
Phase 1
- Earn-in Phase (2026)
- 2D seismic data acquisition across the M47 Block
- Part of Tranche 1: US$9.5 million
- Trillion funds 80% of seismic costs
Exploration Drilling
Phase 2
- Earn-in Phase (2026-2027)
- Two exploration wells to be drilled
- Trillion funds 80% of drilling costs
- Tranche 1 (2026): US$9.5 million I Tranche 2 (2027): US$5.5 million
- Total Trillion commitment: US$15 million
Proportional Development
Phase 3
- Post Earn-in
- All parties bear costs proportional to working interest
- Trillion: 29% of ongoing program costs
- Total shared work program: US$35 million ($18 million already invested)
- Exploration term extends to December 16, 2028
Crude Oil Price (Brent, Europe - USD$)
