Drillship Deepwater Champion specially contracted by U.S. energy company Exxon Mobil set sail on Sunday to come to Black Sea.
Mehmet Uysal, Director General of Turkey's petroleum company, TPAO, said Deepwater Champion was constructed in dockyards in South Korea and expected to be in Bandirma province of western province of Balikesir in the first half of March.
"They are planning to start explore deepwater prospects off the shores of Kastamonu by the end of March or beginning of April," Uysal said.
Uysal said approximate water depth in the Black Sea was 2,000 meters, noting that, "our target depth varies between 3,500 meters or 4,500 meters. Total drilling will reach to 6,500 meters there".
TPAO Director General said Exxon Mobil committed to drill two wells in the Black Sea, adding the first well will be drilled off Kastamonu shores. "The company may drill the second well according to the results it will obtain," he noted.
"This ship will make its first drilling in Turkey. Average cost of drilling in the Black Sea is 200 million USD. Under the agreement signed with Exxon Mobil, it will meet all the drilling costs. In case oil can be explored, TPAO will join the investments. Exxon Mobil will get its expenses from the oil that will be taken out," he said.
Deepwater Champion is constructed by Exxon Mobil in shipbuilding yards in South Korea with the recent technology.
Kurdistan Regional Government President Massoud Barzani thanked Turkey for allowing peshmerga forces to enter Kobani via Turkey to fight ISIL.
Cemil Cicek says Turkey is showing intense efforts to fix deficiencies.
The Netherland’s outgoing commander said Dutch patriot anti-ballistic missiles protected Adana around the clock for past 24 months.
Gunfire was heard at around noon Monday near Syria's Bab al-Hawa border crossing with Turkish authorities closing the Cilvegozu border for exit and entry due to security concerns until Tuesday
Birgul Ayman Guler submitted resignation letter to parliament's presidency.
The missiles have been deployed at General Recai Engin barracks as part of Turkey's request for NATO assistance.
During an official visit to Turkey, Hungarian FM Szijjarto discussed energy, trade and EU membership with Turkish counterpart.
Turkey will continue to extend assistance to oppressed people across the world, says head of Turkish relief agency.
In 2014, local cell phone production rose to 1.71 million, indicating an increase by 208 percent, Turkish Transport Minister Lutfi Elvan has said.
Located in the southeastern border town of Suruc, the tent city has two hospitals, seven medical clinics and enough classrooms for 10,000 children.
Monday's newspapers dedicated their front pages to Greece’s left-wing party’s election victory as well as President Erdogan’s visit to Somalia.
Facebook to be blocked in Turkey if order is not implemented, court says
Turkey's Foreign Ministry has strongly condemned the "barbarous" murder of Japanese citizen Yukawa
Ahmed al-Najjar, who heads the Peace, Solidarity and Relief Society NGO in the Gaza Strip, said that his organization collaborated with the Turkish Aziz Mahmud Hudayi charity to distribute the winter aid.
Turkey's president decided to visit Somalia despite a bomb exploding near a hotel in Mogadishu where a Turkish delegation was staying.
Deputy FMs from Iran, the UK, France and Germany will meet in Istanbul on Jan. 29.