Type Public Key people Besim Şişman (CEO) Founded 1954, Turkey Total assets 12.5 billion USD (2012) Subsidiaries BOTAŞ | Industry Oil and gas industry Headquarters Çankaya, Turkey Net income 3 billion USD (2012) Total equity 6.4 billion USD (2012) | |
 | ||
Products Petroleum products
petrochemicals
chemicals Revenue US$ 19.5 billion (2012) Owner Turkish Government (Treasury) Profiles | ||
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 as Turkey's national company.
Contents
Being an important actor of the national economy, TPAO achieved many “firsts” of the Turkish oil industry in the past. 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 (exploration, drilling, well completion and production) sector.
Operations
The core activities of TPAO:
• Exploration, Drilling, Production and Well Completion
• Natural Gas Storage
• Participation to Oil and Natural Gas Pipeline Projects
• Fuel products distribution (by TPPD)
Exploration
In accordance with 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 company extends its activities in unexplored basins of Turkey, especially Black Sea and Mediterranean offshores.
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 limelight of many oil companies.
TPAO continues farm-out activities covering Mersin and İskenderun Bays licenses following Antalya Bay.
In 2013, the company purchased a 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
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 our 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.
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 ise 14.13 million barrels.
Projects
Azerbaijan Projects:
Azeri–Chirag–Guneshli Project with 6.75% share.
Shah Deniz gas field Project with 19% share.
Baku–Tbilisi–Ceyhan pipeline Project with 6.53% share.
South Caucasus Pipeline Project with 9% share.
Alov Exploration Project with 10% share.
Iraq 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 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 Türkiye - 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 row in the world's biggest company 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 İncrease in Discoveries
1980: TPAO ranks 97th row in the world's biggest company 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 Türkiye
1984: Establishment of The Second District Management - “Thrace District Management”
1985: TPAO ranks 63rd row in the world's biggest company at Fortune except USA
1986: Establishment of Kırıkkale Refinery
1986: Drilling Record in Türkiye in 123 wells with 224.392 m.
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 row at Fortune except USA
1991: Modernization in Interpration 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: The First Offshore Production in Kuzey Marmara Field
1998: The First Oil Discovery in Western Anatolia; Alaşehir-1.
1999: TPAO initializes the first Underground Natural Gas Storage in Türkiye.
1999: Baku-Tblisi-Ceyhan (BTC) Main Export Oil Pipeline Project
2001: South Caucasus Natural Gas Pipeline Project (SCP)
2004: The First Natural Gas Discovery in Western Black Sea; Ayazlı-1.
2007: The Second Golden Year: 100.000 barrels/day production.
2007: Starting of commercial activity of Northern Marmara and Değirmenköy (Silivri) Depleted Gas Reservoir
2007: The 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.).
2011: Installation of Akçakoca Offshore Platform