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TPAO

From Wikipedia, the free encyclopedia
Turkish Petroleum Corporation
Native name
Türkiye Petrolleri Anonim Ortaklığı
TypePublic
IndustryOil and gas industry
FoundedDecember 10, 1954; 71 years ago (1954-12-10)
Headquarters
Ankara
,
Turkey
Key people
Ahmet Türkoğlu (CEO)
ProductsPetroleum
Petrochemicals
Revenue US$ 29.5 billion (2012)
US$ 9 billion (2012)
Total assetsUS$ 22.5 billion (2012)
Total equityUS$ 12.4 billion (2012)
Number of employees
4,800 (2013)
ParentTurkey Wealth Fund[1]
Websitewww.tpao.gov.tr/en

Turkish Petroleum Corporation (Turkish: Türkiye Petrolleri Anonim Ortaklığı, 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 No. 6327 in 1954.

TPAO contributed to the establishment of several companies in Turkey's petroleum industry, including PETKİM, TÜPRAŞ, BOTAŞ and Petrol Ofisi.

TPAO continued exploration, production, refining, marketing and transportation activities until 1983 as an integrated oil company. TPAO has been acting as a publicly 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

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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

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

Projects

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Azerbaijan:


Iraq:


Russia:

  • BaiTex LLC (49% stake), holder of the hydrocarbon licences for the Baituganskoye field and Yerilkinsky block in the Volga–Ural region.[21]

Finance

[edit]

In 2019, TPAO made an operating loss of 239 thousand lira for each of its 3,700 employees.[22]: 38 

References

[edit]
  1. ↑ "Turkish Wealth Fund: Portfolio". Reuters. 2026-07-29. Retrieved 2026-07-29.
  2. ↑ "Türkiye Petrolleri A.O. | TPAO". Archived from the original on 2020-05-04. Retrieved 2025-08-18.
  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. 1 2 3 "Türkiye Yüzyılı - FATİH, YAVUZ, KANUNİ VE ABDÜLHAMİD HAN Sondaj Gemileri". Türkiye Yüzyılı (in Turkish). Retrieved 2024-07-21.
  10. ↑ "Cumhurbaşkanı Erdoğan, Türkiye'nin ilk yüzer gaz üretim platformunu Karadeniz'e uğurladı". www.aa.com.tr. Retrieved 2025-05-29.
  11. ↑ "bp outlines Azeri-Chirag-Gunashli field block prospects (Exclusive)". Trend.Az. 2024-08-19. Retrieved 2024-11-12.
  12. ↑ "Turkey's TPAO gets $1.0 bln Loan from Isbank, Vakifbank for Shah Deniz Stake". www.iene.eu. Retrieved 2024-11-12.
  13. ↑ "Baku-Tbilisi-Ceyhan pipeline fact sheet". European Commission - European Commission. Retrieved 2024-11-12.
  14. ↑ "South Caucasus Pipeline (SCP) - SGC". www.sgc.az. Retrieved 2024-11-12.
  15. ↑ "Turkish Petroleum: 2016 Annual Report" (PDF). TPAO.
  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. ↑ "bp welcomes Türkiye Petrolleri Anonim Ortaklığı into Kirkuk redevelopment in Iraq". www.bp.com. 2026-07-28. Retrieved 2026-07-29.
  21. ↑ "Türkiye Petrolleri A.O". www.tpao.gov.tr. Archived from the original on 5 November 2018. Retrieved 17 April 2018.
  22. ↑ 2019 Annual Ownership Report for State Owned Enterprises (PDF). Ministry of Treasury and Finance (Turkey) (Report).
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