Bloomberg News

BP, Chevron, Conoco, RWE Among Interested in Med Drill, BHT Says

February 17, 2012

Feb. 17 (Bloomberg) -- BP Plc, Chevron Corp., ConocoPhillips, Genel Energy Plc, OMV AG, Perenco SA, RWE AG and Total SA applied to take part in Turkey’s oil exploration project in eastern Mediterranean, Bloomberg HT reported today, citing Energy Ministry officials who spoke on the condition of anonymity.

Turkey’s state oil and gas company Turkiye Petrolleri AO, known as TPAO, will “farm out” licences for seismic work and possible exploration in eastern Mediterranean off the cities of Iskenderun and Mersin, TPAO head Uysal said on Nov. 22. TPAO seeks 50-50 percent partnerships in the project, Uysal said.

About 10 international companies applied for Turkey’s east Mediterranean exploration project off Mersin, Energy Minister Taner Yildiz said at a fuel industry meeting in northwestern Bolu province earlier today.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Ercan Ersoy at eersoy@bloomberg.net


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