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Tpao

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Tpao

For the company called Turkish Petroleum Company until 1929, see Iraq Petroleum Company.
Türkiye Petrolleri Anonim Ortaklığı (TPAO)
Type Public
Industry Oil and gas industry
Founded 1954 (1954)
Headquarters Ankara, Turkey
Key people Mehmet Uysal (CEO)
Products Petroleum products
petrochemicals
microelectronics chemicals
Revenue US$ 3.5 billion (2006)
Employees 4,700
Website

Türkiye Petrolleri Anonim Ortaklığı (TPAO) is the national oil and gas company of Turkey and one of the most important industrial companies in the country. The company had reserves of 558 million barrels (88,700,000 m3) of oil equivalent in 2005, and the reserves are projected to increase to 1.5 billion barrels (240,000,000 m3) of oil equivalent in 2010. TPAO produced an average of 70,000 barrels (11,000 m3) of oil equivalent a day in 2005, and will produce an average of 300,000 barrels (48,000 m3) of oil equivalent a day in 2010.

Operations

The company is based in Ankara and produces oil and gas in the Caspian region, North Africa, and the Middle East. TPAO carries out exploration and production activities in Azerbaijan, Kazakhstan, Libya, Turkmenistan, Georgia, Iraq, Egypt, Russia and Algeria.

Exploration

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.[1]

References

External links

  • Company website


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