Operating License Application from TPAO for Exploration in the Black Sea

Turkish Petroleum Joint Stock Partnership (TPAO) applied to obtain an oil exploitation license for the oil field discovered in the oil exploration license area it owns in the Black Sea. The decision of the General Directorate of Mining and Petroleum Affairs of the Ministry of Energy and Natural Resources regarding oil rights was published in the Official Gazette.

APPLICATION FOR A 56 THOUSAND 774 HECTAR AREA IN THE BLACK SEA

In the decision, it was stated that TPAO made an application regarding the oil-bearing land discovered in the oil exploration license area with sheet numbers AR/TPO/KD/C26, C27, D26, D27, which it owns in the Exclusive Economic Zone/continental shelf within the maritime jurisdiction areas determined by bilateral delimitation agreements in the Black Sea.

It was announced on September 16 that TPAO applied to obtain a petroleum operating license in the 56 thousand 774 hectare area in the C26 sheet.

Thus, an official application was made for the transition from exploration license to operating license for the field in question in the Black Sea.

THE PERIOD OF THE LICENSE IN TEKİRDAĞ HAS BEEN EXTENDED

With the decision, the duration of TPAO's oil exploration license with sheet number AR/TPO/K/F18-d3, which was held by TPAO in order to reveal the hydrocarbon potential in the onshore region of Tekirdağ and bring it to the country's economy, was extended.

Accordingly, the duration of the license in question was extended from 31 May 2026 to 31 May 2028.