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TPAO, Baker Hughes sign Turkish geothermal cooperation deal

By Reuters News

ISTANBUL, Nov 11 (Reuters) - Turkish state oil company TPAO has signed a cooperation agreement with US energy services firm Baker Hughes BKR.O to develop Turkey's geothermal energy potential, Turkish Energy Minister Alparslan Bayraktar said on Wednesday.

  • The deal was signed on the sidelines of the COP31 climate summit in the Turkish city of Antalya after Bayraktar met Baker Hughes CEO Lorenzo Simonelli, the minister said on X, without giving any financial details

  • The potential across Turkey will be assessed using data held by TPAO and the country's General Directorate of Mineral Research and Exploration (MTA), he said

  • They will then explore opportunities for commercial-scale development at suitable well locations, he added

  • Bayraktar said he hoped the step would make a strong contribution to Turkey's goals of diversifying its energy resources and further strengthening its energy supply security


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