Petrobras, TPAO expand Black Sea venture

Petrobras has signed a Memorandum of Understanding with the Turkish Petroleum Corporation (TPAO) to step up deepwater exploration research in the Turkish sector of the Black Sea.

Offshore staff

ANKARA -- Petrobras has signed a Memorandum of Understanding with the Turkish Petroleum Corporation (TPAO) to step up deepwater exploration research in the Turkish sector of the Black Sea.

Brazil’s president Luiz Inácio Lula da Silva, Petrobras’ CEO José Sergio Gabrielli de Azevedo, Turkish Prime Minister Recep Tayyip Erdogan, and TPAO’s CEO Mehmet Uysal attended the signature ceremony last week in Brasília.

In January, Petrobras, TPAO and ExxonMobil agreed to jointly explore deepwater Block 3922 in the Black Sea, including the Sinop prospect. Drilling activities for the Sinop-1 well, 145 km (90 mi) from the city of Sinop, started in February.

06/01/2010

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