Turkey’s state energy company is in talks with Chevron Corp to jointly explore for oil and gas, Bloomberg reported citing a Turkish official.
Turkish Petroleum Corp, known as TPAO, would work with Chevron on seismic studies and drilling, the official said.
“Chevron has a diverse exploration and production portfolio globally and continues to assess potential opportunities,” a spokesperson for Chevron said.
It’s not clear which projects the companies could collaborate on. TPAO is already active in the Black Sea, Iraq, Russia and Somalia, and previously drilled in the eastern Mediterranean, where Chevron operates fields in Israeli and Cypriot waters.
The potential accord is the latest move by Ankara to boost energy production and comes amid a broader warming of U.S.-Turkey ties. It would follow a January agreement with Exxon Mobil Corp on joint exploration in the Black Sea and Mediterranean.
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