Both countries have agreed to encourage and support the joint work and existing joint ventures and the establishment of the new company.
At least 41 people have been killed after an explosion collapsed a coal mine in Türkiye's Bartin province.
The vessel joins a fleet of three other ships that have been contributing to Ankara's gas exploration for the past four years.
Fatih vessel will start its first drilling in Black Sea in mid-July, Turkish Energy and Natural Resources Minister Fatih Donmez said.
"Within the framework of the agreement we reached with Libya we will be able to start our oil exploration operations there within three to four months," said Energy Minister Fatih Donmez.
The Turkish and Russian presidents formally launched TurkStream gas pipeline which will carry Russian natural gas to southern Europe through Turkey. The project is part of Moscow's efforts to reduce shipments via Ukraine.
The TurkStream natural gas pipeline will carry 15.75 billion cubic meters of Russian gas to Turkish consumers.
Turkey's energy minister said Ankara will defend both its own rights and the people’s rights in the Turkish Republic of Northern Cyprus.
Turkey's Energy Minister Fatih Donmez says the ship, Yavuz, began operations in an area off the Karpas peninsula where TRNC foreign minister says the meeting between Turkish and Greek Cypriot leaders does not bring much hope to solve the issues.
The Turkish government is standing firm on its oil and gas exploration in the Eastern Mediterranean as Greece and Greek-administered Cyprus call on the European Union to take action against Turkey.
Yavuz will reach a drilling depth of 3,300 metres at Turkish Republic of Northern Cyprus Bay of Gazimagusa, says Turkey's Energy and Natural Resources Minister Fatih Donmez.
Turkey's first drilling ship is all set to become operational in the Mediterranean Sea and another ship will follow soon, according to Turkish Energy and Resources Minister Fatih Donmez.
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