TPAO

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Turkish Petroleum Corporation
Native name
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Company type
Public
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Headquarters,
Turkey
Key people
Ahmet TÜRKOĞLU (CEO)
ProductsPetroleum
Petrochemicals
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Total equityUS$ 12.4 billion (2012)
OwnerTurkey Wealth Fund[citation needed][1]
Number of employees
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Websitewww.tpao.gov.tr

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Turkish Petroleum Corporation (Template:Langx, TPAO) has been established in order to perform hydrocarbon exploration, drilling, production, refinery and marketing activities on behalf of the Republic of Türkiye with the law 6327 in 1954.

Many milestones in Turkish Petroleum Industry has been brought to real by TPAO. Foundation of industry giants like PETKİM, TÜPRAŞ, PETROL OFİSİ are amongst these milestones.

TPAO continued exploration, production, refining, marketing and transportation activities until 1983 as an integrated oil company. TPAO has been acting as a state owned exploration and production oil company since the legal regulations made in 1983 and some other more recent changes.

TPAO’s primary goal is to reduce Turkey’s oil and gas import.[2]

Exploration

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[3] and the Mediterranean Sea.[4]

Fleet

Name Built by Type Generation Acquired Note[5]
Barbaros Hayreddin Paşa Template:Flagicon Polarcus Seismic research vessel - 2013 [6]
MTA Oruç Reis Template:Flagicon İstanbul Naval Shipyard Seismic research vessel 2017 [7]
Fatih Template:Flagicon Hyundai Heavy Industries Ultra deepwater drillship Sixth 2017 [8]
Yavuz Template:Flagicon Samsung Heavy Industries Ultra deepwater drillship Sixth 2018 [9]
Kanuni Template:Flagicon Samsung Heavy Industries Ultra deepwater drillship Sixth 2020 [9]
Abdülhamid Han Template:Flagicon Daewoo Shipbuilding & Marine Engineering Ultra deepwater drillship Seventh 2021 [9]
Osman Gazi - Floating Production storage and Offloading - 2025 [10]

Projects

Azerbaijan projects:

Iraq projects:

  • Badra Oil Field Development project with 10% share[15]
  • Missan Oil Field Development project with 11.25% share[16]
  • Siba Gas Field Development project with 40% share[17]
  • Mansuriya Gas Field Development project with 37.5% share (operator)[18]

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.[19]

Finance

In 2019, TPAO made an operating loss of 239 thousand lira for each of its 3,700 employees.[20]Template:Rp

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content.Coskun, Orhan (2017-02-06). "Turkey transfers billions in major company stakes to sovereign wealth fund". Reuters. Retrieved 2020-10-28.
  2. ^ Page Module:Citation/CS1/styles.css has no content."Türkiye Petrolleri A.O. | TPAO". Archived from the original on 2020-05-04. Retrieved 2025-08-18.
  3. ^ Page Module:Citation/CS1/styles.css has no content.Ganta, Himaja (2020-08-24). "Turkey's state-owned TPAO makes gas discovery in Western Black Sea". Offshore Technology. Retrieved 2024-11-12.
  4. ^ Page Module:Citation/CS1/styles.css has no content."Barbaros Hayreddin Paşa Gemisi Hizmete Alındı". Yeni Şafak (in Türkçe). 2013-02-23. Retrieved 2013-02-23.
  5. ^ Page Module:Citation/CS1/styles.css has no content.Çetin, Ahmet (2021-04-22). "Türkiye'nin Sondaj Filosu". Mavi Vatan (in Türkçe). Retrieved 2024-07-21.
  6. ^ Page Module:Citation/CS1/styles.css has no content."BARBAROS HAYREDDIN P, Research Vessel - Gemi detayları ve güncel harita konumu - IMO 9538103 - VesselFinder". www.vesselfinder.com. Retrieved 2024-07-21.
  7. ^ Page Module:Citation/CS1/styles.css has no content."MTA Genel Müdürlüğü". www.mta.gov.tr. Retrieved 2024-07-21.
  8. ^ Page Module:Citation/CS1/styles.css has no content."FATIH, Drilling Ship - Gemi detayları ve güncel harita konumu - IMO 9503770 - VesselFinder". www.vesselfinder.com. Retrieved 2024-07-21.
  9. ^ a b c Page Module:Citation/CS1/styles.css has no content."Türkiye Yüzyılı - FATİH, YAVUZ, KANUNİ VE ABDÜLHAMİD HAN Sondaj Gemileri". Türkiye Yüzyılı (in Türkçe). Retrieved 2024-07-21.
  10. ^ Page Module:Citation/CS1/styles.css has no content."Cumhurbaşkanı Erdoğan, Türkiye'nin ilk yüzer gaz üretim platformunu Karadeniz'e uğurladı". www.aa.com.tr. Retrieved 2025-05-29.
  11. ^ Page Module:Citation/CS1/styles.css has no content."bp outlines Azeri-Chirag-Gunashli field block prospects (Exclusive)". Trend.Az. 2024-08-19. Retrieved 2024-11-12.
  12. ^ Page Module:Citation/CS1/styles.css has no content."Turkey's TPAO gets $1.0 bln Loan from Isbank, Vakifbank for Shah Deniz Stake". www.iene.eu. Retrieved 2024-11-12.
  13. ^ Page Module:Citation/CS1/styles.css has no content."Baku-Tbilisi-Ceyhan pipeline fact sheet". European Commission - European Commission. Retrieved 2024-11-12.
  14. ^ Page Module:Citation/CS1/styles.css has no content."South Caucasus Pipeline (SCP) - SGC". www.sgc.az. Retrieved 2024-11-12.
  15. ^ Page Module:Citation/CS1/styles.css has no content."Badra Oil Field, Wasit Province - Hydrocarbons Technology". www.hydrocarbons-technology.com. Retrieved 2024-11-12.
  16. ^ Page Module:Citation/CS1/styles.css has no content.Writer, NS Energy Staff (2010-05-16). "Cnooc, TPAO Clinch Deal To Develop Iraq Missan Oil Fields". NS Energy. Retrieved 2024-11-12.
  17. ^ Page Module:Citation/CS1/styles.css has no content."Türkiye strengthens global oil, gas exploration with agreements in 4 countries - Türkiye Today". Retrieved 2024-11-12.
  18. ^ Page Module:Citation/CS1/styles.css has no content.Robson, Doug (2024-05-22). "Iraq Wants to Reopen Mansuriya Gas Field". ROGTEC. Retrieved 2024-11-12.
  19. ^ Page Module:Citation/CS1/styles.css has no content."Türkiye Petrolleri A.O". www.tpao.gov.tr. Archived from the original on 5 November 2018. Retrieved 17 April 2018.
  20. ^ Page Module:Citation/CS1/styles.css has no content.2019 Annual Ownership Report for State Owned Enterprises (PDF). Ministry of Treasury and Finance (Turkey) (Report).

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