Royal Dutch Shell (RDSa.L) is assessing oil exploration and production opportunities in the Black Sea with Turkish state-owned oil firm TPAO, Shell Chief Executive Peter Voser said on Tuesday.
Voser was speaking at a news conference in Ankara with Turkish Energy Minister Taner Yildiz. Voser was also set to meet Turkey’s Prime Minister Tayyip Erdogan.
Last November, TPAO signed an accord with Shell for hydrocarbon exploration and production in the Mediterranean and southeastern Turkey.
That agreement included plans for shale gas exploration near the southeastern city of Diyarbakir and Yildiz said Shell had started exploration at the Saribugday 1 field there last week.
TPAO said previously it would take a 70 percent share of production at Diyarbakir, with Shell taking 30 percent.
Read more: Shell assessing Black Sea oil exploration with Turkey’s TPAO
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