Turkish TPAO in talks with IOCs for joint Black Sea exploration

Three international oil companies are in talks with Türkiye Petrolleri Anonim Ortakligi (TPAO) to jointly search for oil in the Turkish part of the Black Sea.


According to Reuters, Besim Sisman, Deputy President and Director of the Turkish state-run TPAO said that the companies in question were Exxon Mobil, OMV and MOL.

To remind, in February last year, TPAO signed an offshore exploration agreement with Shell. Under the agreement Shell will drill at least one well in the Turkish sector of the Black Sea.

Turkey’s booming economy has increased the country’s oil consumption, and has urged the authorities to work on unlocking its own energy resources. According to the U.S. Energy Information Administration, Turkey imports almost all of its oil supplies. Energy use in Turkey is expected to double over the next decade, according to the International Energy Agency.

 

Offshore Energy Today Staff, February 20, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

8th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply