10/8/2008

TPAO to search oil in the Mediterranean

AA- The Turkish Petroleum Corporation (TPAO) is searching for oil in the Mediterranean Sea. Expecting to find valuable oil fields in the region, TPAO will initiate seismic exploration over a 5,000 square kilometer area during the second half of this month. An official from TPAO said they will take action as soon as they get a positive reading indicating the presence of oil. He said they will have to find partners for further exploration in the region.