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Türkiye Petrolleri Anonim Ortaklığı

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Title: Türkiye Petrolleri Anonim Ortaklığı  
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Language: English
Subject: BOTAŞ, Azerbaijan International Operating Company, Gunashli oilfield, Foreign relations of Libya, Economy of Turkey
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Türkiye Petrolleri Anonim Ortaklığı

Türkiye Petrolleri Anonim Ortaklığı (TPAO)
Type Public
Industry Oil and gas industry
Founded 1954 (1954)
Headquarters Ankara, Turkey
Key people Besim Şişman (CEO)
Products Petroleum products
Revenue US$ 3.5 billion (2012)
Net income US$ 1 billion (2012)
Total assets US$ 8.5 billion (2012)
Total equity US$ 6.4 billion (2012)
Owners Turkish Government (Treasury)
Employees 4,800 (2013)
Subsidiaries TPPD[1]
Türkiye Petrolleri Anonim Ortaklığı building in Ankara

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.

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.[2]


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[3])


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.[4]


  • 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 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.

  • 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 ise 14.13 million barrels.


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.[5]


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 exploartion 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 Kuzey Marmara and Değirmenköy Fields Natural Gas Facilities

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[6]


  1. ^
  2. ^
  3. ^
  4. ^ "Barbaros Hayreddin Paşa Gemisi Hizmete Alındı".  
  5. ^
  6. ^

External links

  • Company website
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