BAKU, Azerbaijan, April 14. TotalEnergies SE
and Türkiye Petrolleri Anonim Ortaklığı (TPAO) have signed a
memorandum of understanding (MoU) to explore joint opportunities in
hydrocarbon exploration, Trend reports via TotalEnergies.
The agreement establishes a framework for technical cooperation,
including a joint assessment of exploration prospects in Türkiye’s
Black Sea region as well as potential opportunities
internationally.
Under the MoU, the two companies will leverage their combined
technical expertise to evaluate and develop exploration projects on
a mutually beneficial basis.
“We are pleased to launch this cooperation with TPAO, leveraging
the technical expertise of both companies to evaluate exploration
opportunities in the Black Sea region and internationally,” said
Nicola Mavilla, Senior Vice-President Exploration at
TotalEnergies.
TotalEnergies is a global integrated energy company active
across oil, natural gas, renewables, low-carbon hydrogen, biogas
and electricity, operating in around 120 countries with more than
100,000 employees. The company says sustainability remains central
to its strategy and operations.
TPAO is Türkiye’s state-owned oil company with more than seven
decades of experience in hydrocarbon exploration, production and
development both domestically and abroad.
