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Exxon Mobil, Turkey End Black-Sea Oil Exploration, Anatolia Says

Exxon Mobil Corp. (XOM) and state-run Turkiye Petrolleri AO terminated exploration work for oil and natural gas at two areas in the Black Sea, Turkey’s state-owned Anatolia News Agency said.

The Deepwater Champion, a rig owned by Transocean Ltd. (RIG), left the Kastamonu-1 and Surmeli-1 sites to explore instead off Romania’s Black Sea coast, the agency said, without saying where it obtained the information.

To contact the reporter on this story: Ercan Ersoy in Istanbul eersoy@bloomberg.net.

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net.

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