Türkiye's state-owned Turkish Petroleum Corporation (TPAO) and Libya's National Oil Corporation (NOC) will carry out a geological and geophysical study of Libya's four offshore areas, according to a deal signed on Wednesday.
TPAO's General Manager, Ahmet Turkoglu, and NOC's Chairman of the Board of Directors, Masoud Suleman, signed the Memorandum of Understanding (MoU) in Istanbul.
With the MoU, the companies also discussed conducting a two-dimensional, 10,000 kilometer seismic survey and processing the resulting data within a maximum of nine months.
Basak Erkalan
Anadolu Agency
energy@aa.com.tr