Turkish Petroleum, Shell ‘to explore oil’

ANKARA - Anadolu Agency

Turkish Petroleum and Shell plan to earch oil and gad in the western Bleack Sea in 2015, according to a joint project file submitted by the companies. AP photo

Shell Upstream Turkey and Turkish Petroleum will conduct oil-and-gas explorations in the western Black Sea in 2015, a research report has revealed.

According to the project filed by Shell Upstream Turkey and Turkish Petroleum, the Anglo-Dutch multinational oil-and-gas company and Turkish Petroleum will start their exploration in the first quarter of 2015 and continue their activities in the region for eight months. The two companies plan to spend around 237 million euros on the project in the western Black Sea.

Three platform-supported drilling vessels will carry out the two companies’ energy exploration. A land supply base will also be built at the Haydarpaşa Port in Istanbul.

Between 235 and 285 workers are expected to be employed as part of the project. Around 20 percent of the employees will be hired from Turkey, while 80 percent will come from outside the country.

Shell Upstream Turkey and Turkish Petroleum signed an agreement in February 2013 to conduct deep-sea exploration activities in the westernmost part of Turkey’s Black Sea waters.