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Brazil to Explore Oil in Turkey’s Deep Waters

Brazil is going to explore oil in the deep waters of the Black Sea. Petrobras, the Brazilian state-controlled oil giant and the Turkish state-owned oil company (TürkÀ½ye PetrollerÀ½ AnonÀ½m Ortaklidi) signed yesterday, August 17, two contracts for the export and production of oil in the Black Sea.

The companies, according to official information from the Turkish authorities,  will be partners in two blocs in the fields of Kirklarelli and Sinop, where there are possibilities for exports of great volumes of hydrocarbons.

The first bloc is based in the Western sector of the Black Sea, at an average depth of 1,200 meters. And the second, in the Eastern sector, at a depth of 2,200 meters.

Petrobras also informs, in the statement, that the Turkish region of the Black Sea is still little explored, although it presents perspectives of good results:

"Turkey is a country surrounded by important productive basins and its territory is cut by a large network of oil and gas pipelines that supply Europe."

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