TotalEnergies (Paris: TTE) (LSE: TTE) (NYSE: TTE) and Türkiye Petrolleri Anonim Ortaklığı (TPAO) signed a Memorandum of Understanding for exploration opportunities, according to a company statement.

The agreement establishes a framework for technical collaboration between the companies, including joint assessment of exploration opportunities in Turkey's Black Sea region and internationally.

"We are pleased to launch this cooperation with TPAO, leveraging the technical expertise of both companies to evaluate exploration opportunities in the Black Sea region and internationally on a mutually beneficial basis," said Nicola Mavilla, Senior Vice-President Exploration at TotalEnergies.

The companies did not disclose financial terms or specific timelines for the collaboration.