Seismic Survey
The surveys' completion would pave the way for carrying out future oil and gas exploration activities in the area, Molla said.
The Egyptian Ministry of Foreign Affairs issued a statement Saturday on which it voiced its objection against Turkey’s announcement of conducting a seismic survey in the Mediterranean sea from July 21st to August 2nd.
The primary results of three dimensions of the seismic survey revealed that the near-surface layer (Pliocene) which includes dry gas has an average of native gas that is estimated at 821 billion feet of gas.
Before the end of August, we will start drilling," the source said.
Under the agreement, the two companies have a minimum 15-year period of exclusive multi-client rights.
