TPAO
Turkish national oil company
title: "TPAO" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["oil-and-gas-companies-of-turkey", "ministry-of-energy-and-natural-resources-(turkey)", "companies-based-in-ankara", "energy-companies-established-in-1954", "non-renewable-resource-companies-established-in-1954", "1954-establishments-in-turkey", "turkey-wealth-fund"] description: "Turkish national oil company" topic_path: "geography/turkey" source: "https://en.wikipedia.org/wiki/TPAO" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::summary Turkish national oil company ::
::data[format=table title="Infobox company"]
| Field | Value |
|---|---|
| name | Turkish Petroleum Corporation |
| logo | Türkiye_Petrolleri_logo.svg |
| native_name | Türkiye Petrolleri Anonim Ortaklığı |
| native_name_lang | tr |
| type | Public |
| foundation | |
| defunct | |
| location_city | Ankara |
| location_country | Turkey |
| key_people | Ahmet TÜRKOĞLU (CEO) |
| industry | Oil and gas industry |
| products | Petroleum |
| Petrochemicals | |
| revenue | [[Image:Green Arrow Up.svg |
| net_income | US$ 9 billion (2012) |
| assets | US$ 22.5 billion (2012) |
| equity | US$ 12.4 billion (2012) |
| owner | Turkey Wealth Fund |
| num_employees | 4,800 (2013) |
| homepage | |
| :: |
| name = Turkish Petroleum Corporation | logo = Türkiye_Petrolleri_logo.svg | caption = | native_name = Türkiye Petrolleri Anonim Ortaklığı | native_name_lang = tr | type = Public | traded_as = | fate = | predecessor = | successor = | foundation = | founder = | defunct = | location_city = Ankara | location_country = Turkey | locations = | area_served = | key_people = Ahmet TÜRKOĞLU (CEO) | industry = Oil and gas industry | products = Petroleum Petrochemicals | services = | revenue = [[Image:Green Arrow Up.svg|12px]] US$ 29.5 billion (2012) | operating_income = | net_income = US$ 9 billion (2012) | assets = US$ 22.5 billion (2012) | equity = US$ 12.4 billion (2012) | owner = Turkey Wealth Fund | num_employees = 4,800 (2013) | parent = | divisions = | subsid = | homepage = | footnotes = | intl =
Turkish Petroleum Corporation (, 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 6327 in 1954.
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.
Exploration
::figure[src="https://upload.wikimedia.org/wikipedia/commons/d/de/Türkiye_Petrolleri_Anonim_Ortaklığı.JPG" caption="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 and the Mediterranean Sea.
Fleet
::data[format=table title=""]
| Name | Built by | Type | Generation | Acquired | Note | - | - | - |
|---|---|---|---|---|---|---|---|---|
| Barbaros Hayreddin Paşa | UAE Polarcus | Seismic research vessel | 2013 | |||||
| MTA Oruç Reis | Turkey İstanbul Naval Shipyard | Seismic research vessel | 2017 | |||||
| Fatih | South Korea Hyundai Heavy Industries | Ultra deepwater drillship | Sixth | 2017 | ||||
| Yavuz | South Korea Samsung Heavy Industries | Ultra deepwater drillship | Sixth | 2018 | title=Türkiye Yüzyılı - FATİH, YAVUZ, KANUNİ VE ABDÜLHAMİD HAN Sondaj Gemileri | url=https://turkiyeyuzyili.com/proje-fatih-yavuz-kanuni-ve-abdulhamid-han-sondaj-gemileri | access-date=2024-07-21 | website=Türkiye Yüzyılı |
| Kanuni | South Korea Samsung Heavy Industries | Ultra deepwater drillship | Sixth | 2020 | ||||
| Abdülhamid Han | South Korea Daewoo Shipbuilding & Marine Engineering | Ultra deepwater drillship | Seventh | 2021 | ||||
| Osman Gazi | Floating Production storage and Offloading | 2025 | ||||||
| :: |
Projects
Azerbaijan projects:
- Azeri–Chirag–Guneshli project with 5.73% 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 37.5% share (operator)
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.
Finance
In 2019, TPAO made an operating loss of 239 thousand lira for each of its 3,700 employees.
References
References
- Coskun, Orhan. (2017-02-06). "Turkey transfers billions in major company stakes to sovereign wealth fund". Reuters.
- "Türkiye Petrolleri A.O. {{!}} TPAO".
- Ganta, Himaja. (2020-08-24). "Turkey's state-owned TPAO makes gas discovery in Western Black Sea".
- (2013-02-23). "Barbaros Hayreddin Paşa Gemisi Hizmete Alındı". [[Yeni Şafak]].
- Çetin, Ahmet. (2021-04-22). "Türkiye'nin Sondaj Filosu".
- "BARBAROS HAYREDDIN P, Research Vessel - Gemi detayları ve güncel harita konumu - IMO 9538103 - VesselFinder".
- "MTA Genel Müdürlüğü".
- "FATIH, Drilling Ship - Gemi detayları ve güncel harita konumu - IMO 9503770 - VesselFinder".
- "Türkiye Yüzyılı - FATİH, YAVUZ, KANUNİ VE ABDÜLHAMİD HAN Sondaj Gemileri".
- "Cumhurbaşkanı Erdoğan, Türkiye'nin ilk yüzer gaz üretim platformunu Karadeniz'e uğurladı".
- (2024-08-19). "bp outlines Azeri-Chirag-Gunashli field block prospects (Exclusive)".
- "Turkey's TPAO gets $1.0 bln Loan from Isbank, Vakifbank for Shah Deniz Stake".
- "Baku-Tbilisi-Ceyhan pipeline fact sheet".
- "South Caucasus Pipeline (SCP) - SGC".
- "Badra Oil Field, Wasit Province - Hydrocarbons Technology".
- Writer, NS Energy Staff. (2010-05-16). "Cnooc, TPAO Clinch Deal To Develop Iraq Missan Oil Fields".
- "Türkiye strengthens global oil, gas exploration with agreements in 4 countries - Türkiye Today".
- Robson, Doug. (2024-05-22). "Iraq Wants to Reopen Mansuriya Gas Field".
- "Türkiye Petrolleri A.O".
- "2019 Annual Ownership Report for State Owned Enterprises".
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