ExxonMobil Teams Up with TPAO to Explore Deepwater Black Sea Blocks
November 19th, 2008ExxonMobil announced that its affiliate, ExxonMobil Exploration and Production Turkey B.V., has signed an agreement with Turkish national oil company, Turkiye Petrolleri Anonim OrtaklĂ˝gĂ˝ (TPAO), to explore in two large deepwater blocks offshore Turkey, marking ExxonMobil’s entry into Black Sea exploration.
ExxonMobil will become operator during the initial exploration phase and earn a 50 percent interest [...]