Shell to Drill in Western Black Sea

Royal Dutch Shell is to sign an agreement next week with Turkish state-owned energy company TPAO covering oil exploration in the western Black Sea region, according to a Reuters report Friday.

Sources told Reuters that the two companies envisage drilling at least one well within two years.

"Shell and TPAO's oil exploration work will be in the western Black Sea," said one source. "Depending on the results of this work, drilling will be carried out in at least one well within two years."

The deal will be signed Feb. 14, according to Reuters.
 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Woodside Discovers Gas at Thalin-1A We... (Feb 12)
 -  Polarcus Secures 4D Survey Project Off... (Feb 12)
 -  PJSC Ukrnafta Forced to Stop Productio... (Feb 12)
 -  North Energy, Explora Petroleum Combin... (Feb 12)
 -  Niko Closes Sale of North Ganal PSC Of... (Feb 11)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Field Superintendent
Expertise: Marine Supervisor|OIM
Location: Theodore, AL
 
Chief Electrician-Land
Expertise: Rig Electrician
Location: Middle East
 
Research Unit Operator
Expertise: Mechanic|Rig Instrument Tech
Location: Richmond, CA
 
search for more jobs

Brent Crude Oil : $30.06/BBL 2.52%
Light Crude Oil : $26.21/BBL 4.51%
Natural Gas : $1.99/MMBtu 2.92%
Updated in last 24 hours