TransAtlantic Petroleum, an international oil and natural
gas company with operations in Turkey, Bulgaria, and Albania, said on Tuesday it
expects to resume drilling on a well in the Delvina gas field in Albania in the
first quarter of 2015.
The Delvina-34H1 well, where TransAtlantic holds
100% working interest, is a Cretaceous, deviated well with proposed target depth
of approximately 3,960 metres, the company said in a statement posted on its
website.
"The Company has established a core of essential personnel in
the country and anticipates commencing oilfield upgrades in the first half of
2015," it said.
In November, TransAtlantic Petroleum completed the
acquisition of Albania-focused Stream Oil & Gas, a Canadian-based oil and
gas production and exploration company.