Flagged up: Turkish exploration deals
TPAO seals exploration deals
Turkish state-run player TPAO has signed deals with ExxonMobil and EOG covering exploration in Turkey's south-east.
"We have signed a non-disclosure agreement with ExxonMobil for the exploration of oil in the region of south-eastern Anatolia," TPAO boss Mehmet Uysal told a news conference. The region borders oil-rich Iraq.
Uysal, who was speaking to Reuters, added that the Turkish player was in talks with BP, Shell and India's Oil & Natural Gas Corporation over possible tie-ups in Iraq.
He also said TPAO had signed confidentiality or partnership deals with some of these companies.
He told a news conference that TPAO's investment in Iran's South Pars development had now been bumped up to $6 billion, from a previous $3.5 billion estimate.
Uysal added that TPAO believes Turkish sector of the Black Sea holds reserves of about 10 billion barrels of crude and 1.5 trillion cubic metres of natural gas.