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.
Do not let FETO terrorist group poison African countries' ties with Turkey, says Education Minister Ismet Yilmaz
2 leaders discuss controversial planned referendum by Kurdish Regional Government a week from now
Turkish CHP’s deputy chairman says government should give deadline to Kurdish Regional Government to cancel referendum
Current reform agenda pushed by Washington 'not what we understand from the word 'reform'', Turkish president says
Soldier also martyred during anti-PKK operation in southeastern Mardin province
BIST 100 index rises 0.26 pct while US dollar/Turkish lira rate stands over 3.44
Number of new businesses increases by almost 50 percent compared to same month last year, according to latest figures
Ceremonies held at assemblies in 70,000 schools on 1st day of term
80 tracked military vehicles, including tanks sent to border near southern Hatay’s Iskenderun district: military source
Operations target PKK in Hakkari and Siirt provinces
President warns Iraqi regional government against holding referendum, says Ankara and Baghdad are looking in same direction
The foreign ministry condemns Germany for allowing pro-PKK demonstration in Cologne
Emine Erdogan urges wives of world leaders to contribute positively towards helping Rohignya Muslims facing persecution
Yalova University Rector Ali Erbas will replace Mehmet Gormez
KRG’s independence referendum is 'a matter of national security' for Turkey, PM Binali Yildirim says
Menderes was Turkey’s 9th prime minister who was executed following bloody coup in 1960