Istanbul: The National Oil Corporation (NOC) has signed a memorandum of understanding (MoU) with the Turkish Petroleum Corporation (TPAO) in Istanbul. The agreement aims to enhance collaborative efforts in conducting geological and geophysical studies of offshore areas.
According to Libyan News Agency, the MoU was signed by NOC Chairman Masoud Sulaiman and TPAO General Manager Ahmet Turkoglu. The partnership will involve the Turkish company undertaking a study of four offshore areas, focusing on geological and geophysical aspects.
The NOC highlighted that during the signing ceremony, discussions focused on conducting a two-dimensional seismic survey spanning 10,000 kilometers. The processing of the resulting data is planned to be completed within a maximum period of nine months.