Türkiye Petrolleri Anonim Ortaklığı


Türkiye Petrolleri Anonim Ortaklığı was founded in 1954 by Law No. 6327 with the responsibility of being involved in hydrocarbon exploration, drilling, production, refinery and marketing activities as Turkey's national company.
Being an important actor of the national economy, TPAO achieved many “firsts” of the Turkish oil industry. The company, its history reaching back over a half century, has given rise to seventeen major companies, including Petkim, Tüpraş and POAŞ to Turkey.
Until 1983, as an integrated oil company, it was engaged in all the activity fields of oil industry from exploration to production, refinery, marketing and transportation. Today, TPAO is a national oil company involved in merely upstream sector.

Operations

The core activities of TPAO are:
In accordance with the company's vision and mission for meeting Turkey’s continuously increasing oil and natural gas demand through domestic and international sources, with the new exploration strategy, the company extends its activities in unexplored basins of Turkey, especially Black Sea and Mediterranean offshore areas.
With seismic surveys held since 2003, it has attained substantial information about the hydrocarbon potential of Turkey offshore. The first economical natural gas discovery made the region the focus of many oil companies.
TPAO continues farm-out activities covering Mersin and İskenderun Bays licenses following Antalya Bay.
In 2013, the company purchased the seismographic research/survey vessel RV Barbaros Hayreddin Paşa worth US$130 million for gas and oil field exploration in Black Sea and the Mediterranean Sea.

Production

Domestic oil production

In 2013, TPAO produced 12.3 million barrels of crude oil from its fields, which constituted 73% of the total crude oil production of Turkey. 72% of its total oil production is from Batman Region, 27% is from Adıyaman Region and 1% is from Thrace Region.
The average daily production for 2013 is 33,758 barrel/day.
488.1 thousand barrels of oil was produced in 2013 from 47 new oil wells that were put into production. It is 4% of the total production for 2013.

Domestic natural gas production

In 2013, TPAO's total natural gas production was 307 million sm³. 96% of this gas production is from Thrace Region, 3% is from Batman Region and 1% is from Adıyaman Region. The oil equivalent of the gas output is 1.8 million barrels.
16.2 million sm3 of natural gas was produced in 2013 from 9 new natural gas wells that were put into production. It is 4.7% of the total production for 2013.
Thus, the total hydrocarbon production of TP is 14.13 million barrels.

Projects

projects:
Iraq projects:
Russia project:
TPAO acquired 49% of shares in MOL's BaiTex LLC, which is the holder of the hydrocarbon licenses for Baituganskoye field and Yerilkinsky block in the Volga-Ural region, Russia.

Milestones