Fossil Energy – Partnership
Türkiye’s state energy company Turkish Petroleum (TPAO) has signed a partnership agreement with Shell to take part in oil and natural gas exploration in Bulgaria’s exclusive economic zone (EEZ) in the Black Sea.
Under the deal, TPAO will join exploration activities led by Shell at Block 1-26 Khan Tervel, offshore Bulgaria.
The partnership would provide Türkiye with a five-year exploration license in Bulgaria’s EEZ.
The Khan Tervel block covers more than 3,800 square kilometers and lies close to Türkiye’s Sakarya gas field, the country’s flagship offshore discovery in the Black Sea.
