TPAO

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Türkiye Petrolleri Anonim Ortaklığı (TPAO)
Company type Public
Industry Oil and gas industry
Founded1954 (1954)
Headquarters
Ankara
,
Turkey
Key people
Ahmet TÜRKOĞLU (CEO)
Products Petroleum products
petrochemicals
chemicals
Revenue Green Arrow Up.svg US$ 29.5 billion (2012)
US$ 9 billion (2012)
Total assets US$ 22.5 billion (2012)
Total equity US$ 12.4 billion (2012)
Owner Turkey Wealth Fund [ citation needed ] [1]
Number of employees
4,800 (2013)
Website www.tpao.gov.tr

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

Contents

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 Turkiye Petrolleri Anonim Ortakligi.JPG
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

NameBuilt byTypeGenerationAcquiredNote [5]
Barbaros Hayreddin Paşa Flag of the United Arab Emirates.svg Polarcus Seismic research vessel -2013 [6]
MTA Oruç Reis Flag of Turkey.svg İstanbul Naval Shipyard Seismic research vessel2017 [7]
Fatih Flag of South Korea.svg Hyundai Heavy Industries Ultra deepwater drillship Sixth2017 [8] [9]
Yavuz Flag of South Korea.svg Samsung Heavy Industries Ultra deepwater drillshipSixth2018 [10]
Kanuni Flag of South Korea.svg Samsung Heavy IndustriesUltra deepwater drillshipSixth2020 [10]
Abdülhamid Han Flag of South Korea.svg Daewoo Shipbuilding & Marine EngineeringUltra deepwater drillshipSeventh2021 [10]
--Floating gas operating platform ship-On order. Expected acquisition in 2024. [11]

Projects

Azerbaijan projects:

Iraq projects:

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. [20]

Finance

In 2019, TPAO made an operating loss of 239 thousand lira for each of its 3700 employees. [21] : 38 

References

  1. ↑ Coskun, Orhan (2017-02-06). "Turkey transfers billions in major company stakes to sovereign wealth fund". Reuters. Retrieved 2020-10-28.
  2. ↑ https://www.tpao.gov.tr/en/about-tpao
  3. ↑ Ganta, Himaja (2020-08-24). "Turkey's state-owned TPAO makes gas discovery in Western Black Sea". Offshore Technology. Retrieved 2024-11-12.
  4. ↑ "Barbaros Hayreddin Paşa Gemisi Hizmete Alındı". Yeni Şafak (in Turkish). 2013-02-23. Retrieved 2013-02-23.
  5. ↑ Çetin, Ahmet (2021-04-22). "Türkiye'nin Sondaj Filosu". Mavi Vatan (in Turkish). Retrieved 2024-07-21.
  6. ↑ "BARBAROS HAYREDDIN P, Research Vessel - Gemi detayları ve güncel harita konumu - IMO 9538103 - VesselFinder". www.vesselfinder.com. Retrieved 2024-07-21.
  7. ↑ "MTA Genel Müdürlüğü". www.mta.gov.tr. Retrieved 2024-07-21.
  8. ↑ "FATIH, Drilling Ship - Gemi detayları ve güncel harita konumu - IMO 9503770 - VesselFinder". www.vesselfinder.com. Retrieved 2024-07-21.
  9. ↑ Yacht, Ada. "Fatih Sondaj Gemisi ve Görevleri". Ada Yacht (in Turkish). Retrieved 2024-07-21.
  10. 1 2 3 "Türkiye Yüzyılı - FATİH, YAVUZ, KANUNİ VE ABDÜLHAMİD HAN Sondaj Gemileri". Türkiye Yüzyılı (in Turkish). Retrieved 2024-07-21.
  11. ↑ "Cumhurbaşkanı Erdoğan: Yeni bir doğal gaz gemisi alıyoruz". www.aa.com.tr. Retrieved 2024-07-21.
  12. ↑ "bp outlines Azeri-Chirag-Gunashli field block prospects (Exclusive)". Trend.Az. 2024-08-19. Retrieved 2024-11-12.
  13. ↑ "Turkey's TPAO gets $1.0 bln Loan from Isbank, Vakifbank for Shah Deniz Stake". www.iene.eu. Retrieved 2024-11-12.
  14. ↑ "Baku-Tbilisi-Ceyhan pipeline fact sheet". European Commission - European Commission. Retrieved 2024-11-12.
  15. ↑ "South Caucasus Pipeline (SCP) - SGC". www.sgc.az. Retrieved 2024-11-12.
  16. ↑ "Badra Oil Field, Wasit Province - Hydrocarbons Technology". www.hydrocarbons-technology.com. Retrieved 2024-11-12.
  17. ↑ Writer, NS Energy Staff (2010-05-16). "Cnooc, TPAO Clinch Deal To Develop Iraq Missan Oil Fields". NS Energy. Retrieved 2024-11-12.
  18. ↑ "Türkiye strengthens global oil, gas exploration with agreements in 4 countries - Türkiye Today" . Retrieved 2024-11-12.
  19. ↑ Robson, Doug (2024-05-22). "Iraq Wants to Reopen Mansuriya Gas Field". ROGTEC. Retrieved 2024-11-12.
  20. ↑ "Türkiye Petrolleri A.O". www.tpao.gov.tr. Archived from the original on 5 November 2018. Retrieved 17 April 2018.
  21. ↑ 2019 Annual Ownership Report for State Owned Enterprises (PDF). Ministry of Treasury and Finance (Turkey) (Report).
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