TPAO license for exploration in 21 oil fields extended

Türkiye's Ministry of Energy and Natural Resources has decided to extend the validity of TPAO's licenses for the exploration of 21 oil fields in the exclusive economic zone in the Black Sea.

Report informs via Anadolu that it has been extended from October 23, 2022 to October 23, 2025. The area of these deposits varies from 19,200 to 914,300 hectares.