Swedish And Italian Firms Join To Explore Offshore In Turkey
Page 6299 words
Offshore
A Swedish group headed by Salen Energy and Italy's state-owned AGIP SPA agreed that AGIP will acquire a 51-percent interest in an offshore exploration and production contract in Iskenderun Bay, Turkey. Drilling is expected to start in September using the drillship Saipem II.
A Swedish group of companies headed by Salen Energy, and AGIP SPA, the Italian Government-owned company, have reached an agreement providing for the acquisition by AGIP of a 51-percent interest in an offshore exploration and production contract in the Iskenderun Bay in Turkey.
The Swedish group negotiated the contract with IPAO, the Turkish state-owned oil company in 1979, and during 1980 it carried out two seismic surveys in the contract area, using the Turkish vessel Sismik I. AGIP will act as operator for the joint venture.
Drilling activity is expected to start this September using the drillship Saipem II.
