Turkey's state-owned exploration company TPAO plans to drill four to five extra-deep exploration wells over the next one and a half years in the Black Sea, costing a total of about $1 billion.
The company is in talks with more companies to develop Black Sea, Mediterranean reserves, Reuters quoted TPAO president Mehmet Uysal as saying today.
"About four more wells, ultra deep-water, will be drilled in the next one and half years from now on in the Black Sea," Uysal said at an industry event in Seoul