TotalEnergies, TPAO sign MoU to assess exploration opportunities

TotalEnergies EP New Ventures SA has signed a memorandum of understanding (MoU) with Türkiye Petrolleri Anonim Ortaklığı (TPAO) for potential collaboration.

The MoU provides a framework for technical collaboration, including a joint assessment of hydrocarbon exploration opportunities in the Black Sea region of Türkiye as well as internationally.

In February of this year, TPAO signed an MoU with Chevron Business Development EMEA Ltd., a subsidiary of Chevron, providing an opportunity to "identify and evaluate cooperation opportunities that may arise in international projects and in oil exploration and production license areas in onshore and offshore fields in Türkiye."