Shell Upstream Turkey, the Turkish arm of Anglo-Dutch energy group Shell, and
Turkish state-owned oil and gas firm Turkish Petroleum Corp (TPAO) will jointly
carry out oil and gas explorations in the western Black Sea in 2015, local media
reported.
The partners plan to spend about 237 million euro ($296
million) on exploration activities which will start in the first quarter of 2015
and will continue for eight months, news agency Anadolu Ajansi said on Monday,
citing a research report.
The exploration will be conducted with three
platform-supported drilling vessels and a land supply base to be built at the
Haydarpasa Port in Istanbul.
Shell Upstream Turkey and TPAO agreed in
February 2013 to jointly conduct deepwater exploration activities in the
westernmost portion of Turkish Black Sea waters.