Tuesday, June 9, 2009
Turkey approves ExxonMobil–TPAO agreement to explore Black Sea
Email
|
Print
|
Tell us your story
|
Comment
|
IRVING — Exxon Mobil Corporation today announced the Turkish government approved an agreement between its affiliate ExxonMobil Exploration and Production Turkey B.V. and the Turkish national oil company Türkiye Petrolleri Anonim Ortaklığı (TPAO) to explore two deepwater blocks in the Black Sea.
Photo not provided by ExxonMobil
Exploring the Black Sea is fraught with peril
ExxonMobil and TPAO signed the agreement in November 2008 to jointly explore deepwater prospects in the Samsun Block, which measures approximately 2 million acres (8,500 square kilometers) and the eastern portion of 3921 Block, which measures approximately 5 million acres (21,000 square kilometers). Water depths reach an approximate 6,500 feet (2,000 meters).
ExxonMobil will be the operator and will earn a 50% interest in both offshore blocks. TPAO and ExxonMobil intend to collaborate and utilize the skills and operational abilities of both companies during all phases of the block evaluation and potential development.
"We wish to thank the Turkish government for this approval and with it we look forward to exploring with TPAO the hydrocarbon potential of these deepwater Black Sea blocks,” said Russ Bellis, Exploration Director, ExxonMobil International Limited. “We are bringing our global deepwater experience to this prospective unexplored area.”
TPAO President and CEO Mehmet Uysal said, “TPAO and ExxonMobil will be working closely together to assess the potential of these blocks. I believe that we will find commercial quantities of oil and gas.”
Source: ExxonMobil
See more stories in:
Find...
Today
Candlelight Vigil for Soldiers at Fort Hood Just a day before Veteran's Day, UT-Arlington students remember the soldiers wounded and killed at Fort Hood on Thursday. The public is invited to share this somber event with students. More info
Latest comments
- genghis65 on Dallas city leaders plan to help homeless: I have lived in downtown since 2004 and have only seen the homeless problem increase since the openi...
- Jason Rice on Lewisville resident breaks Guinness World Record for longest drum roll: ok that snare is definitely DEFINITELY hot. True enough. (no really, witness, ye, a moment of non-sa...
- dianamoya on The Living Opera in Richardson shut down permanently: Are you guys doing Educational Outreach Tour? We would like to see what you do. We’re in Frisco,TX...
- Collin Gouldin on Lewisville resident breaks Guinness World Record for longest drum roll: Not at all, i got a Guinness World Record. (and um… you did see that sweet snare right?)...
Latest reviews
- Colby Walton on Si Tapas and Spanish Cuisine: Just visited this place for the first time, and found the quality of the food, the service, the atmo...
- cindyallentx on India West Fine Dining & Lounge: I went to this restaurant last friday had a wonderful experience. Love the low light romantic feel o...
- jognmcdermott on India West Fine Dining & Lounge: This place has it all good food sweet service. I proposed to my fiance here it was perfect! we loved...
Things you can't miss
Latest stories
- Jupiter House Coffee opens new location in Denton
- St. Thomas Aquinas students inspire local artist to auction painting for art education
- Interview with comic Todd Barry: Rock halls versus comedy clubs
- The Brad reports on Stephan Pyles' 10th Celebrity Chef Dinner Sunday at Stephan Pyles Dallas
- Folks from Rogers Wildlife Rehab in Hutchins introduce us to their owl friends
Post a comment