LEATHERHEAD, UK --ExxonMobil has signed two exploration agreements for its operations in the Black Sea.
In partnership with TPAO, the company has started work on seismic surveys in the Turkish sector. It will also acquire seismic data in the Romanian sector later this year with Petrom.
ExxonMobil holds a 50%, operated interest in two deepwater Turkish blocks extending over a total of 30,000 sq km (11,583 sq mi) and in waters up to 2,000 m (6,562 ft) deep. It has 50% of the Romanian Neptun block, which is operated by Petrom.
A team of geoscientists in Leatherhead, near London, will analyze 2D and 3D seismic information retrieved this spring.
ExxonMobil says it has previously conducted numerous large-scale regional geological studies in and around the Black Sea, acquiring rock samples and evaluating existing seismic datasets. It believes there may be potential for significant hydrocarbon accumulations, and plans to expand its interests in the region over time.