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TPAO

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Türkiye Petrolleri Anonim Ortaklığı (TPAO)
Company typePublic
IndustryOil and gas industry
Founded1954 (1954)
Headquarters
Ankara
,
Turkey
Key people
Melih Han Bilgin (CEO)
ProductsPetroleum products
petrochemicals
chemicals
Revenue US$ 29.5 billion (2012)
US$ 9 billion (2012)
Total assetsUS$ 22.5 billion (2012)
Total equityUS$ 12.4 billion (2012)
Owner
  • Zeren Group
  • (2024–present)
Number of employees
4,800 (2013)
Websitewww.tpao.gov.tr

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.[1]

Until 1983, as an integrated oil company, it was engaged in all the activities 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.[2]

On November 25, 2024, Zeren Group announced that it had completed the purchase of TPAO.[3]

Exploration

[edit]
TPAO building in Ankara

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[4] and the Mediterranean Sea.[5]

Fleet

[edit]
Name Built by Type Generation Acquired Note[6]
Barbaros Hayreddin Paşa United Arab Emirates Polarcus Seismic research vessel - 2013 [7]
MTA Oruç Reis Turkey İstanbul Naval Shipyard Seismic research vessel 2017 [8]
Fatih South Korea Hyundai Heavy Industries Ultra deepwater drillship Sixth 2017 [9][10]
Yavuz South Korea Samsung Heavy Industries Ultra deepwater drillship Sixth 2018 [11]
Kanuni South Korea Samsung Heavy Industries Ultra deepwater drillship Sixth 2020 [11]
Abdülhamid Han South Korea Daewoo Shipbuilding & Marine Engineering Ultra deepwater drillship Seventh 2021 [11]
- - Floating gas operating platform ship - On order. Expected acquisition in 2024.[12]

Projects

[edit]

Azerbaijan projects:

Iraq projects:

  • Badra Oil Field Development project with 10% share[17]
  • Missan Oil Field Development project with 11.25% share[18]
  • Siba Gas Field Development project with 40% share[19]
  • Mansuriya Gas Field Development project with 37.5% share (operator)[20]

Russia project:

TPAO acquired 49% of shares in MOL's BaiTex LLC, which holds the hydrocarbon licenses for Baituganskoye field and Yerilkinsky block in the Volga-Ural region, Russia.[21]

Milestones

[edit]
  • 1954: Foundation; capital: 150 million TL[22]
  • 1958: The first discovery; Germik Field[23]
  • 1959: The first district management “Batman”[24]
  • 1960: Application of secondary recovery process[25]
  • 1960: Establishment of İPRAŞ[26]
  • 1961: Discovery of the biggest oil field in Turkey - Batı Raman Field[27]
  • 1963: Establishment of the first service station[28]
  • 1965: Establishment of PETKİM[29]
  • 1966: Establishment of İPRAGAZ[30]
  • 1967: Establishment of Aliağa Refinery in İzmir[31]
  • 1967: Opening of the first pipeline (Batman-Dörtyol-İskenderun)[32]
  • 1968: Annual production: 1 million barrels
  • 1968: TPAO Batman Orchestra awarded "Golden Microphone"[33]
  • 1969: Establishment of TÜMAŞ[34]
  • 1970: The first offshore exploration: Payas-1
  • 1970: The first natural gas discovery: Thrace/Hamitabat[35]
  • 1971: Adıyaman's first oil discovery[36]
  • 1971: Establishment of İGSAŞ[37]
  • 1972: Adıyaman-Sarıl Oil Pipeline start-up
  • 1974: Establishment of DİTAŞ, BOTAŞ and ADAŞ[38]
  • 1974: Establishment of research center
  • 1974: Establishment of Cyprus Turkish Petroleum Ltd. Company[39]
  • 1975: Establishment of ISILİTAŞ[38]
  • 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[40]
  • 1977: Establishment of Ankara Drilling District Management[41]
  • 1980: New exploration strategies, big increase in discoveries[42]
  • 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[43]
  • 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[44]
  • 1986: Drilling record in Turkey in 123 wells with 224,392 m (736,194 ft)
  • 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[45]
  • 1988: Establishment of Turkish Petroleum International Company (TPIC)[46]
  • 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”[47]
  • 1993: Establishment of joint company KTM Ltd.
  • 1997: First offshore production in Kuzey Marmara Field
  • 1998: First oil discovery in Western Anatolia; Alaşehir-1[48]
  • 1999: TPAO initializes the first underground natural gas storage in Turkey
  • 1999: Baku–Tbilisi–Ceyhan (BTC) main export oil pipeline project[49]
  • 2001: South Caucasus Natural Gas Pipeline Project (SCP)[50]
  • 2004: First natural gas discovery in Western Black Sea; Ayazlı-1[51]
  • 2007: Second golden year: 100,000 barrels/day production
  • 2007: Starting of commercial activity of Northern Marmara and Değirmenköy (Silivri) Depleted Gas Reservoir[52]
  • 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 4,830 m (15,850 ft)
  • 2011: Installation of Akçakoca offshore platform[53]

Four Korean-built deepwater drillships are bought, named after four Ottoman sultans, and put into commission

Finance

[edit]

In 2019, TPAO made an operating loss of 239 thousand lira for each of its 3700 employees.[55]: 38 

References

[edit]
  1. ^ "TPAO to drill 150 wells this year - Latest News". Hürriyet Daily News. 2022-05-13. Retrieved 2024-11-12.
  2. ^ "Türkiye Petrolleri A.O". www.tpao.gov.tr. Archived from the original on 14 August 2018. Retrieved 17 April 2018.
  3. ^ "Zeren Group Completes Acquisition of Türkiye Petrolleri". Yahoo! Finance. Retrieved 2024-11-30.
  4. ^ Ganta, Himaja (2020-08-24). "Turkey's state-owned TPAO makes gas discovery in Western Black Sea". Offshore Technology. Retrieved 2024-11-12.
  5. ^ "Barbaros Hayreddin Paşa Gemisi Hizmete Alındı". Yeni Şafak (in Turkish). 2013-02-23. Retrieved 2013-02-23.
  6. ^ Çetin, Ahmet (2021-04-22). "Türkiye'nin Sondaj Filosu". Mavi Vatan (in Turkish). Retrieved 2024-07-21.
  7. ^ "BARBAROS HAYREDDIN P, Research Vessel - Gemi detayları ve güncel harita konumu - IMO 9538103 - VesselFinder". www.vesselfinder.com. Retrieved 2024-07-21.
  8. ^ "MTA Genel Müdürlüğü". www.mta.gov.tr. Retrieved 2024-07-21.
  9. ^ "FATIH, Drilling Ship - Gemi detayları ve güncel harita konumu - IMO 9503770 - VesselFinder". www.vesselfinder.com. Retrieved 2024-07-21.
  10. ^ Yacht, Ada. "Fatih Sondaj Gemisi ve Görevleri". Ada Yacht (in Turkish). Retrieved 2024-07-21.
  11. ^ a b c "Türkiye Yüzyılı - FATİH, YAVUZ, KANUNİ VE ABDÜLHAMİD HAN Sondaj Gemileri". Türkiye Yüzyılı (in Turkish). Retrieved 2024-07-21.
  12. ^ "Cumhurbaşkanı Erdoğan: Yeni bir doğal gaz gemisi alıyoruz". www.aa.com.tr. Retrieved 2024-07-21.
  13. ^ "bp outlines Azeri-Chirag-Gunashli field block prospects (Exclusive)". Trend.Az. 2024-08-19. Retrieved 2024-11-12.
  14. ^ "Turkey's TPAO gets $1.0 bln Loan from Isbank, Vakifbank for Shah Deniz Stake". www.iene.eu. Retrieved 2024-11-12.
  15. ^ "Baku-Tbilisi-Ceyhan pipeline fact sheet". European Commission - European Commission. Retrieved 2024-11-12.
  16. ^ "South Caucasus Pipeline (SCP) - SGC". www.sgc.az. Retrieved 2024-11-12.
  17. ^ "Badra Oil Field, Wasit Province - Hydrocarbons Technology". www.hydrocarbons-technology.com. Retrieved 2024-11-12.
  18. ^ Writer, NS Energy Staff (2010-05-16). "Cnooc, TPAO Clinch Deal To Develop Iraq Missan Oil Fields". NS Energy. Retrieved 2024-11-12.
  19. ^ "Türkiye strengthens global oil, gas exploration with agreements in 4 countries - Türkiye Today". Retrieved 2024-11-12.
  20. ^ Robson, Doug (2024-05-22). "Iraq Wants to Reopen Mansuriya Gas Field". ROGTEC. Retrieved 2024-11-12.
  21. ^ "Türkiye Petrolleri A.O". www.tpao.gov.tr. Archived from the original on 5 November 2018. Retrieved 17 April 2018.
  22. ^ World Bank (17 January 1980). "Staff Appraisal Report – Turkey Petroleum Exploration Project" (PDF). World Bank: 75.
  23. ^ "TURKEY - Turkey's Oil & Gas Fields - TPAO". APS Review Gas Market Trends. 66 (18). 2006-05-01.
  24. ^ TPAO. "TPAO Annual Report" (PDF).
  25. ^ IOR 1991 - 6th European Symposium on Improved Oil Recovery. Earthdoc. 1991-05-21. ISBN 978-94-6282-133-0.
  26. ^ "History | AYGAZ". kurumsal.aygaz.com.tr. Retrieved 2024-11-15.
  27. ^ Canbolat, Serhat; Ozturk, Hasan; Akin, Serhat (2022-01-01). "Exploitation of Bati Raman field using advanced thermal methods: MAHOP VS. CSHP". Journal of Petroleum Science and Engineering. 208: 109802. Bibcode:2022JPSE..20809802C. doi:10.1016/j.petrol.2021.109802. ISSN 0920-4105.
  28. ^ "Petroleum Developments in Middle East and Adjacent Countries in 1963".
  29. ^ "Petkim | EPCA". epca.eu. Retrieved 2024-11-15.
  30. ^ "İpragaz – Dutch Business Association Turkey". Retrieved 2024-11-15.
  31. ^ "PETKİM PETROKIMYA HOLDING A.S (Petkim-TI)" (PDF).
  32. ^ "Oil transportation via Batman Dortyol pipeline through Turkey up". Trend.Az. 2020-07-05. Retrieved 2024-11-15.
  33. ^ "Made in Turkey". Global Popular Music. Retrieved 2024-11-15.
  34. ^ "TurkPak International Private Limited". www.turkpak.com. Retrieved 2024-11-15.
  35. ^ Siyako, M.; Huvaz, O. (2007-05-15). "Eocene stratigraphic evolution of the Thrace Basin, Turkey". Sedimentary Geology. 198 (1): 75–91. Bibcode:2007SedG..198...75S. doi:10.1016/j.sedgeo.2006.11.008. ISSN 0037-0738.
  36. ^ Ulu, M; Karahanoğlu, N (1998-12-15). "Characterization of the Karababa-C reservoir in the South Karakuş oilfield, southeast Turkey". Marine and Petroleum Geology. 15 (8): 803–820. Bibcode:1998MarPG..15..803U. doi:10.1016/S0264-8172(98)00045-2. ISSN 0264-8172.
  37. ^ "Yıldızlar Yatırım Holding". İGSAŞ. Retrieved 2024-11-19.
  38. ^ a b "TPAO SUSTAINABILITY REPORT" (PDF).
  39. ^ "Cyprus / Republic of Türkiye Ministry of Foreign Affairs".
  40. ^ "Toreador produces Black Sea gas". Offshore. 2005-06-01. Retrieved 2024-11-19.
  41. ^ Kaymak, Erol (2024). "Reviving Peace Talks in Cyprus: Diplomatic Innovation and the New UN Envoy". SWP Comment (in German). doi:10.18449/2024c07. Retrieved 2024-11-19.
  42. ^ "Research Article| June 01, 2003 Geophysical developments and mine discoveries in the 20th century".
  43. ^ Tanchum, Michaël. "Working Paper CENTRE FOR APPLIED TURKEY STUDIES (CATS) | WP NR. 03, JUNE 2021 Turkey's Maghreb–West Africa Economic Architecture: Challenges and Opportunities for the European Union" (PDF).
  44. ^ kgi-admin (2023-04-18). "Refinery profile: Kirikkale cracking refinery, Turkey". Offshore Technology. Retrieved 2024-11-19.
  45. ^ Derman, Ahmet Sami (2014). "Chapter 13: Petroleum Systems of Turkish Basins": 469–504. {{cite journal}}: Cite journal requires |journal= (help)
  46. ^ "TURKISH Petroleum International Joint Stock Company (TPIC) | BOTAŞ - Boru Hatları İle Petrol Taşıma Anonim Şirketi". www.botas.gov.tr. Retrieved 2024-11-19.
  47. ^ "International Earth Science Colloquium on the Aegean Region, IESCA-2019 A. Regional Geology of the Aegean and the Environs Carbon–isotope stratigraphy of the Cenomanian–Turonian carbonate succession of the Türkoğlu section (SE Turkey): implications for the timing of Late Cretaceous sea–level rise and anoxic event".
  48. ^ University of Plymouth. "PEARL Reconciling the stratigraphy and depositional history of the Lycian orogen-top basins, SW Anatolia" (PDF).
  49. ^ "Baku Tbilisi Ceyhan (BTC) | Socar Midstream". www.socarmidstream.az. Retrieved 2024-11-19.
  50. ^ "South Caucasus Pipeline (SCP) | Socar Midstream". www.socarmidstream.az. Retrieved 2024-11-19.
  51. ^ "Tertiary gas exploration well to be first in Turkish Black Sea waters in 5 years". Oil & Gas Journal. 2004-06-21. Retrieved 2024-11-19.
  52. ^ Today, Offshore Energy (2018-07-19). "Petrofac, TSE JV to work on gas storage expansion project in Turkey". Offshore Energy. Retrieved 2024-11-19.
  53. ^ "Türkiye Petrolleri A.O". www.tpao.gov.tr. Archived from the original on 18 April 2018. Retrieved 17 April 2018.
  54. ^ "Türkiye's drillship Fatih begins operations in Black Sea - Türkiye Today". Retrieved 2024-11-12.
  55. ^ 2019 Annual Ownership Report for State Owned Enterprises (PDF). Ministry of Treasury and Finance (Turkey) (Report).
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