TURKEY 

TPAO Plans New Drilling In Black Sea

Turkiye Petrolleri Anonim Ortaki (TPAO) plans to drill four or five deep exploration wells in the Black Sea over the next 18 months at an estimated cost of $1bn, TPAO President, Mehmet Uysal announced on 20 July. Three wells have been drilled by TPAO and its partners in the Black Sea in recent years, but a discovery has yet to be announced. With any significant oil or gas deposits yet to be discovered in Turkey, the country is keen to...