Türkiye Petrolleri Anonim Ortaklığı (TPAO) (Turkish Petroleum Corporation) was founded in 1954 by Law No. 6327 with the responsibility of being involved in hydrocarbon exploration, drilling, production, refinery and marketing activities of oil and gas in Turkey as the 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

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Tüpraş Türkiye Petrol Rafinerileri A.Ş. is a company in Turkey, operating four refineries with a total capacity to handle an annual 30 mn tons of crude. Introduction Tüpraş operates four oil refineries, three of which process imported crude. The 11 ...

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 (exploration, drilling, well completion and production) sector.

Operations

The core activities of TPAO are: * Exploration, drilling, production and well completion * Natural gas storage * Participation to oil and natural gas pipeline projects

Exploration

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 Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a small portion on the Balkan Peninsula in ...

, especially Black Sea and Mediterranean offshore areas. 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 The Black Sea is a marginal mediterranean sea of the Atlantic Ocean lying between Europe and Asia, east of the Balkans, south of the East European Plain, west of the Caucasus, and north of Anatolia. It is bounded by Bulgaria, Georgia, Rom ...

and the

Mediterranean Sea The Mediterranean Sea is a sea connected to the Atlantic Ocean, surrounded by the Mediterranean Basin and almost completely enclosed by land: on the north by Western and Southern Europe and Anatolia, on the south by North Africa, and on the ...

Projects

Azerbaijan Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of t ...

projects: * Azeri–Chirag–Guneshli project with 6.75% share *

Shah Deniz gas field Shah Deniz gas field ( az, Şahdəniz) is the largest natural gas field in Azerbaijan. It is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately southeast of Baku, at a depth of . The field covers approximately . Stretch ...

project with 19% share *

Baku–Tbilisi–Ceyhan pipeline The Baku–Tbilisi–Ceyhan (BTC) pipeline is a long crude oil pipeline from the Azeri–Chirag–Gunashli oil field in the Caspian Sea to the Mediterranean Sea. It connects Baku, the capital of Azerbaijan and Ceyhan, a port on the south-easter ...

project with 6.53% share *

South Caucasus Pipeline The South Caucasus Pipeline (also known as Baku–Tbilisi–Erzurum Pipeline, BTE pipeline, or Shah Deniz Pipeline) is a natural gas pipeline from the Shah Deniz gas field in the Azerbaijan sector of the Caspian Sea to Turkey. It runs parallel t ...

project with 9% share * Alov Exploration project with 10% share

Iraq Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to the north, Iran to the east, the Persian Gulf and K ...

projects: * Badra Oil Field Development project with 10% share * Missan Oil Field Development project with 11.25% share * Siba Gas Field Development project with 40% share * Mansuriya Gas Field Development project with 50% share (operator)

Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eig ...

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

*1954: Foundation; capital: 150 million TL *1958: The first discovery; Germik Field *1959: The first district management “Batman” *1960: Application of secondary recovery process *1960: Establishment of İPRAŞ *1961: Discovery of the biggest oil field of Turkey - Batı Raman Field *1963: Establishment of the first service station *1965: Establishment of PETKİM *1966: Establishment of İPRAGAZ *1967: Establishment of Aliağa Refinery in İzmir *1967: Opening of the first pipeline (Batman-Dörtyol-İskenderun) *1968: Annual production: 1 million barrels *1968: TPAO Batman Orchestra awarded "Golden Microphone" *1969: Establishment of TÜMAŞ *1970: The first offshore exploration: Payas-1 *1970: The first natural gas discovery: Thrace/Hamitabat *1971: Adıyaman's first oil discovery *1971: Establishment of İGSAŞ *1972: Adıyaman-Sarıl Oil Pipeline start-up *1974: Establishment of DİTAŞ, BOTAŞ and ADAŞ *1974: Establishment of research center *1974: Establishment of Cyprus Turkish Petroleum Ltd. Company *1975: Establishment of ISILİTAŞ *1975: 100 million barrels in production *1975: TPAO ranks 204th of the world's biggest companies at Fortune except USA *1976: Driiling of Akçakoca-1 well in the Black Sea *1977: Establishment of Ankara Drilling District Management *1980: New exploration strategies, big increase in discoveries *1980: TPAO ranks 97th of the world's biggest companies at Fortune except USA *1983: Establishment of Libya Arab-Turkish joint engineering and architecture company *1983: Status change in TPAO and disintegration starts *1983: TPAO assumed the title of the most oil producing company in Turkey *1984: Establishment of the second district management - “Thrace District Management” *1985: TPAO ranks 63rd of the world's biggest companies at Fortune except USA *1986: Establishment of Kırıkkale Refinery *1986: Drilling record in Turkey in 123 wells with *1987: The deepest drilling in Demre-1 (Kaş-Antalya) *1987: TPAO in the international Arenaı *1988: Discoveries of Karakuş oil field in Adıyaman and K. Marmara natural gas fields in Marmara Sea *1988: Establishment of Turkish Petroleum International Company (TPIC) *1989: TPAO ranks 298th at Fortune except USA *1991: Modernization in interpretation systems-3D interpretation *1991: The first golden year - record in production of 50 years - 75.000 barrels/day - discovery of Karakuş oil field *1992: Establishment of the third district management “Adıyaman District Management” *1993: Establishment of joint company KTM Ltd. *1997: First offshore production in Kuzey Marmara Field *1998: First oil discovery in Western Anatolia; Alaşehir-1 *1999: TPAO initializes the first underground natural gas storage in Turkey *1999: Baku-Tblisi-Ceyhan (BTC) main export oil pipeline project *2001: South Caucasus Natural Gas Pipeline Project (SCP) *2004: First natural gas discovery in Western Black Sea; Ayazlı-1 *2007: Second golden year: 100.000 barrels/day production *2007: Starting of commercial activity of

Northern Marmara and Değirmenköy (Silivri) Depleted Gas Reservoir Northern Marmara and Değirmenköy (Silivri) Depleted Gas Reservoir ( tr, Kuzey Marmara ve Değirmenköy Sahaları Yeraltı Doğalgaz Depolama Tesisleri) are underground natural gas storages inside depleted gas fields in Istanbul Province, northwest ...

*2007: First natural gas production in the Black Sea *2009: New drilling record; the drilling of the world's 46th deepest well with a vertical depth of 7,216 m *2010: Deep water drilling with "Leiv Eiriksson", Sinop-1 and Yassıhöyük-1; the first deep water operatorship (Yassıhöyük-1) *2011: Deep water drilling, Sürmene-1 *2011: Installation of Akçakoca offshore platform Four Korean-built deepwater drillships are bought, named after four Ottoman sultans, and put into commission: **2018: '' Fatih'' **2019: '' Yavuz'' **2020 '' Kanuni'' **2022 '' Abdülhamid Han''

Finance

In 2019 TPAO made an operating loss of 239 thousand lira for each of its 3700 employees.

References

External links

Company website
{{DEFAULTSORT:TPAO Oil and gas companies of Turkey Ministry of Energy and Natural Resources (Turkey) Companies based in Ankara Energy companies established in 1954 Non-renewable resource companies established in 1954 1954 establishments in Turkey