ExxonMobil to explore two deepwater blocks in Black Sea

Published Nov 20, 2008

ExxonMobil has teamed up with Turkish national oil company, TPAO, to explore two large deepwater blocks in the Black Sea offshore Turkey.

The agreement marks ExxonMobil’s first Black Sea exploration and the US major will become operator during the initial exploration phase and earn a 50% interest in the 8,500sq km Samsun Block. Water depths reach around 6,500ft (2,000m).

Seismic and evaluation programmes for the two blocks are currently being operated by TPAO and are scheduled for completion in 2009.

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