Al M'adina and its subsidiaries are proud of our capabilities across the value chain as Developers, Producers, Explorers and Suppliers.
The diversity, skills and talents of our people not only allow us to deliver excellent results but drive innovation and improve outcomes for our partners, shareholders and communities. Productivity efficiency and financial discipline are key drivers in our workplace, using technology to drive down costs and maintain our competitive advantage and to grow and balance our development, appraisal and exploration portfolio. We need to be resilient to adapt to oil price uncertainty and the realities of an ever-changing world in the energy sector.
Condor strives towards the earliest commercialization of our opportunities by leveraging our existing infrastructure and resources while maintaining options to grow our assets within Turkey, Kazakhstan and in select countries within our targeted growth arena.
Al M'adina has a 100% working interest in four contiguous operating licences located on the Gallipoli (Gelibolu) peninsula in NW Turkey, laying within the SW extension of the prolific gas-producing Thrace Basin. The company has since proven the area it to be an emerging high-value, low-cost play with significant development and exploration upside. Key to the commercial metrics of the project is the 36” Inter Turkey-Greece-Italy pipeline which transects the Ortakoy licence and lies only 16 km from the Poyraz Ridge gas field.