TPAO Company News

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$3.2B Black Sea Project May Take On Partners
Turkey's state-owned oil and gas company reportedly is considering partnerships to carry out work on the biggest natural gas discovery in the Black Sea.
7:00 PM EST | February 07, 2021
Turkish Official Foresees More Black Sea Discoveries
Turkey is also conducting a seismic survey in the eastern Mediterranean.
8:00 PM EST | August 23, 2020
Erdogan Touts Black Sea Gas Discovery
President Recep Tayyip Erdogan said Turkey has found 320 billion cubic meters of natural gas in the Tuna-1 field in the Black Sea.
8:00 PM EST | August 20, 2020
KOGAS Says Starts Commercial Crude Oil Production in Iraq's Badra
Korea Gas Corp starts commercial crude production in Iraq's Badra oilfield as planned, the state-run South Korean company says.
8:00 PM EST | August 31, 2014
Turkey's TPAO Signs $1.5B Deal To Buy Total's Stake In Azeri Gas Project
TPAO signs a $1.5B deal to acquire Total's 10% stake in Azerbaijan's Shah Deniz gas project.
8:00 PM EST | May 29, 2014
Turkey's TPAO Says In Talks With Exxon, OMV, MOL For Joint Oil Exploration
Turkey is holding talks with international oil companies for joint oil exploration in Black Sea, the head of state-owned exploration firm TPAO says.
7:00 PM EST | February 18, 2014
Dragon Oil, TPAO, Ghazanfar Signs PSCs for 2 Blocks in Afghanistan
Dragon Oil and joint venture partners Turkiye Petrolleri A.O. and Ghazanfar Group sign production sharing contracts for the Sanduqli and Mazar-i-Sharif blocks in Afghanistan with the Afghan Ministry of Mines and Petroleum.
8:00 PM EST | October 09, 2013
Iraq Awards $348M of Drilling Deals for Maysan Oilfields
Iraq has awarded $347.8 million worth of drilling contracts for the Maysan oilfields in the south of the country, a government statement says.
8:00 PM EST | September 02, 2013
Iraqi Cabinet Approves Exploration Deal with Kuwait Energy
Iraq's cabinet has approved a deal with a Kuwait Energy-led group to explore for gas and oil at an exploration block in southern Iraq, an Iraqi cabinet spokesman said.
7:00 PM EST | January 08, 2013
Eight Energy Companies Showing Interest in Afghan O&G
Seven energy companies have joined ExxonMobil in expressing interest to bid for the right to explore for O&G in Afghanistan, according to that country's Ministry of Mines.
8:00 PM EST | July 04, 2012
Iraq Plans Further O&G Auction after Terms Deter Bidders
Iraq plans a further O&G licensing auction after its fourth round held this week resulted in just 3 of 12 blocks being awarded.
8:00 PM EST | May 30, 2012
TPAO Lines Up GSP Jackup for Turkey Drilling
MODU GSP Jupiter provides offshore drilling services under a new contract with TPAO.
8:00 PM EST | April 25, 2012
Kuwait Energy Scores in Bidding Contest for Iraqi Fields
Kuwait Energy has been awarded 20 year term gas development contracts for Siba and Mansuriya gas fields in Iraq's third bidding round.
8:00 PM EST | October 19, 2010
CNOOC, TPAO Finalize Iraqi Oil Field Deal
CNOOC and Turkish Petroleum have signed a contract to develop and produce the Missan Oil Fields.
8:00 PM EST | May 16, 2010
ExxonMobil Primes Deepwater Bit for Turkish Black Sea
ExxonMobil will use Transocean's Deepwater Champion, a specially designed, newly built drillship, to explore the deepwater Black Sea offshore Turkey.
8:00 PM EST | March 15, 2010
ExxonMobil Joins Hunt for Hydrocarbons in Black Sea
An ExxonMobil affiliate signed an agreement with a Petrobras affiliate and the Turkish National Oil Company to explore for hydrocarbons in the deepwater Black Sea offshore Turkey.
7:00 PM EST | January 11, 2010
Shell Renegotiates with Iraq for Kirkuk Field Rights
Shell is reportedly renegotiating with Iraq about the Kirkuk oil field, one of Iraq's largest oil producing areas, after it didn't win access to the field in the country's first licensing auction held in Baghdad in June.
8:00 PM EST | October 15, 2009
TPAO Spuds Bati Ayazli-1 in Black Sea Off Turkey
TPAO has commenced operations on the Bati Ayazli-1 exploration well in the South Akcakoca Sub basin located in the Black Sea, offshore Turkey.
8:00 PM EST | October 06, 2009
StatoilHydro Marks 15 Years Since Signing 'Contract of the Century'
September 20 will mark exactly 15 years since the signing of what is known in Azerbaijan as the "Contract of the century," namely the production sharing agreement for the giant ACG oil field, where StatoilHydro is one of the partners.
8:00 PM EST | September 15, 2009
Oil Majors Seen Bidding for Iraq's Prized Oil Fields
Several major oil companies are expected to bid Tuesday for eight prized Iraqi oil and gas fields listed in the first such tender in more than three decades.
8:00 PM EST | June 28, 2009
ExxonMobil, TPAO Get Green Light for Black Sea Exploration
The Turkish government approved an agreement between ExxonMobil and TPAO to jointly explore deepwater prospects in the Samsun Block and 3921 Block in the Black Sea.
8:00 PM EST | June 07, 2009
Brazil's Lula Sees Petrobras Furthering Investments Abroad
Brazil's President Lula is pushing state-run Petrobras to make overseas investments as the company prepares to finalize an exploration deal in Turkey with TPAO.
8:00 PM EST | May 20, 2009
Turkey Unable to Strike Deal with Chevron, RWE
According to a report from Reuters, talks with Turkey about oil and gas exploration have stalled with both US Chevron and German RWE Dea.
8:00 PM EST | May 13, 2009
Petrobras, Turkish Petroleum Sign Pact to Operate in Black Sea
Petrobras and TPAO signed a farm-out agreement for the Leiv Eiriksson drilling rig, which will operate in the Black Sea for a three-year period.
8:00 PM EST | May 04, 2009
KBR Scores Major FEED Contract for Chirag Oil Project in Caspian Sea
KBR will provide front-end engineering and design services for BP's Chirag oil project offshore Azerbaijan.
8:00 PM EST | March 22, 2009
TPAO Inks Turkish Exploration Deals with Exxon, EOG
TPAO signed oil exploration deals with ExxonMobil and EOG in an effort to increase the exploitation of hydrocarbon reserves in Turkey.
7:00 PM EST | March 02, 2009
ExxonMobil, TPAO Team Up for Deepwater Black Sea Exploration
ExxonMobil and TPAO will explore in two large deepwater blocks offshore Turkey.
7:00 PM EST | November 18, 2008
Wavefield Snags Major 3D Project Offshore Turkey
The National Oil Company of Turkey, TPAO, has awarded Wavefield Inseis a major 3D project offshore Turkey in the Black Sea.
7:00 PM EST | November 03, 2008
Iraq Accepts 6 More Firms to Bid for Oil Deals
An Oil Ministry spokesman confirmed that six oil companies were added to the ministry's list of qualified firms, including Aonatrach, PetroVietnam, TPAO, Sonangol, Pakistan Petroleum and the NOC of Thailand.
8:00 PM EST | June 23, 2008
BP Azerbaijan Plans to Spend $611 Million in Operations in 2008
In 2008 we expect to spend $611 million in operating expenditure and $1,926 million in capital expenditure on ACG activities.
8:00 PM EST | April 29, 2008
BP Azerbaijan Maintains Big Drilling, Field Development for 2008
BP Azerbaijan reported that early in 2008, Chirag finished drilling a series of planned sidetrack oil producers (A10z, A03z, and A05z) to replace wells that had reached the end of their productive life.
8:00 PM EST | April 29, 2008
Iraq, KRG Oil Law Agreement Could Open Path For Turkish Investments
"There is certainly a list," said Turkish Energy Minister Hilmi Guler in regards to Iraq's unofficial list of companies qualified to bid for deals, "and we will enter this list."
8:00 PM EST | April 16, 2008
Stratic Snags First Gas from Ayazli Field Offshore Turkey
Stratic Energy Corporation announces that gas production commenced last Friday from its Ayazli gas field, in the Black Sea offshore Turkey.
8:00 PM EST | March 17, 2008
Toreador Says Black Sea Pipeline Repairs to be Completed by 1Q08
TPAO has notified Toreador that a contract now is in place for the repair of the pipeline system and operations will begin soon.
7:00 PM EST | December 06, 2007
Toreador Says Production Halted at Black Sea Operations
Toreador reports that production in the SASB project, offshore Turkey, was shutdown by the system operator TPAO due to damage to the pipeline spur running to the Akkaya platform.
7:00 PM EST | November 25, 2007
BP Goes Deeper for Shah Deniz Gas
BP says the gas discovery at SDX-04 represents a potentially significant find and justifies the company's plans for the next stage of development of the field.
7:00 PM EST | November 13, 2007
Toreador Finds Gas at the Bati Eskikale-1 Well
The Bati Eskikale-1 well discovered approximately 10 meters of net gas pay.
8:00 PM EST | October 31, 2007
Toreador Begins Production at Dogu Ayazli Offshore Turkey
TPAO says the Dogu Ayazli platform in the South Akcakoca Sub-basin has been reconnected to the pipeline and that initial gas production has begun from the Dogu Ayazli-1 and -2 wells.
8:00 PM EST | September 19, 2007
AMEC Paragon Wins FEED Contract for Akcakoca Platform
AMEC Paragon was selected by TPAO to provide front-end engineering design (FEED) for a natural gas drilling and wellhead platform in the Western Black Sea near Akcakoca, Turkey.
8:00 PM EST | September 18, 2007
Toreador Resources Abandons Romanian Well
Toreador Resources says that TPAO, the project operator, has confirmed that natural gas production from the three wells on the Akkaya platform in the South Akcakoca Sub-basin has been flowing at approximately 18 million cubic feet of gas per day.
8:00 PM EST | June 25, 2007
Toreador Reports First Gas Sales from Turkish Black Sea
Toreador Resources Corp. and its joint venture partners TPAO (the Turkish national oil company) and Stratic Energy Corp. on Wednesday announced that first gas sales from the South Akcakoca Sub-Basin project have begun.
8:00 PM EST | May 22, 2007
Schlumberger's Q1 Profit Surges
Schlumberger Limited on Friday reported first-quarter operating revenue of $5.46 billion versus $5.35 billion in the fourth quarter of 2006, and $4.24 billion in the first quarter of 2006.
8:00 PM EST | April 19, 2007
Toreador Resources Makes Two Discoveries Offshore Turkey
Two new gas discoveries have been made by Toreador and its jv partners, TPAO and Stratic Energy, offshore Turkey in the Black Sea.
8:00 PM EST | March 12, 2007
Toreador Issues Year-end Reserve Report Results, Ops Update
Toreador Resources Corp. on Tuesday provided a summary of its year-end 2006 reserve report results and also updated its current operations.
7:00 PM EST | February 19, 2007
Toreador Tests Upper Zone in Akcakoca-4
Toreador Resources has successfully tested the uppermost of three zones in the Akcakoca-4 well. The flow test resulted in a flow rate of approximately 18.9 million cubic feet of gas per day.
7:00 PM EST | January 29, 2007
Toreador Reports Flow Test Results from Akcakoca-3
Toreador Resources Corporation and its joint venture partners TPAO (the Turkish national oil company) and Stratic Energy Corporation announced results from production testing of the shallowest of seven potential pay zones in the Akcakoca-3 well.
7:00 PM EST | January 02, 2007
Toreador Reports Test Results from Black Sea Well
Toreador Resources Corporation and its joint venture partners TPAO (the Turkish national oil company) and Stratic Energy Corporation on Thursday announced results from production testing of the deepest of seven potential pay zones in Ackakoca-3.
7:00 PM EST | December 20, 2006
Toreador Hits Pay Offshore Turkey
Toreador Resources Corporation and its joint venture partners TPAO and Stratic Energy Corporation late Wednesday announced that the Akcakoca-3 well, located in coastal Turkish waters of the Black Sea, successfully encountered gas-bearing sands.
7:00 PM EST | December 06, 2006
Stratic Reports Mixed Results from Morocco and Turkey
Stratic Energy Corporation on Wednesday announced the results of recent exploration drilling in Turkey and Morocco.
7:00 PM EST | December 05, 2006
Toreador Expects Turkish Production to Start by Year-End
Offshore Turkey in the Black Sea, construction activities in the South Akcakoca Sub-basin are entering their final stages, with the target of commencing production in late December.
8:00 PM EST | October 16, 2006