TPAO Company News
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Turkish Official Foresees More Black Sea Discoveries
Monday, August 24, 2020Turkey is also conducting a seismic survey in the eastern Mediterranean.
Erdogan Touts Black Sea Gas Discovery
Friday, August 21, 2020President Recep Tayyip Erdogan said Turkey has found 320 billion cubic meters of natural gas in the Tuna-1 field in the Black Sea.
KOGAS Says Starts Commercial Crude Oil Production in Iraq's Badra
Monday, September 01, 2014Korea Gas Corp starts commercial crude production in Iraq's Badra oilfield as planned, the state-run South Korean company says.
Turkey's TPAO Signs $1.5B Deal To Buy Total's Stake In Azeri Gas Project
Friday, May 30, 2014TPAO signs a $1.5B deal to acquire Total's 10% stake in Azerbaijan's Shah Deniz gas project.
Turkey's TPAO Says In Talks With Exxon, OMV, MOL For Joint Oil Exploration
Wednesday, February 19, 2014Turkey is holding talks with international oil companies for joint oil exploration in Black Sea, the head of state-owned exploration firm TPAO says.
Dragon Oil, TPAO, Ghazanfar Signs PSCs for 2 Blocks in Afghanistan
Thursday, October 10, 2013Dragon 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.
Iraq Awards $348M of Drilling Deals for Maysan Oilfields
Tuesday, September 03, 2013Iraq has awarded $347.8 million worth of drilling contracts for the Maysan oilfields in the south of the country, a government statement says.
Iraqi Cabinet Approves Exploration Deal with Kuwait Energy
Wednesday, January 09, 2013Iraq'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.
Eight Energy Companies Showing Interest in Afghan O&G
Thursday, July 05, 2012Seven 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.
Iraq Plans Further O&G Auction after Terms Deter Bidders
Thursday, May 31, 2012Iraq plans a further O&G licensing auction after its fourth round held this week resulted in just 3 of 12 blocks being awarded.
TPAO Lines Up GSP Jackup for Turkey Drilling
Thursday, April 26, 2012MODU GSP Jupiter provides offshore drilling services under a new contract with TPAO.
Kuwait Energy Scores in Bidding Contest for Iraqi Fields
Wednesday, October 20, 2010Kuwait Energy has been awarded 20 year term gas development contracts for Siba and Mansuriya gas fields in Iraq's third bidding round.
CNOOC, TPAO Finalize Iraqi Oil Field Deal
Monday, May 17, 2010CNOOC and Turkish Petroleum have signed a contract to develop and produce the Missan Oil Fields.
ExxonMobil Primes Deepwater Bit for Turkish Black Sea
Tuesday, March 16, 2010ExxonMobil will use Transocean's Deepwater Champion, a specially designed, newly built drillship, to explore the deepwater Black Sea offshore Turkey.
ExxonMobil Joins Hunt for Hydrocarbons in Black Sea
Tuesday, January 12, 2010An 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.
Shell Renegotiates with Iraq for Kirkuk Field Rights
Friday, October 16, 2009Shell 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.
TPAO Spuds Bati Ayazli-1 in Black Sea Off Turkey
Wednesday, October 07, 2009TPAO has commenced operations on the Bati Ayazli-1 exploration well in the South Akcakoca Sub basin located in the Black Sea, offshore Turkey.
StatoilHydro Marks 15 Years Since Signing 'Contract of the Century'
Wednesday, September 16, 2009September 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.
Oil Majors Seen Bidding for Iraq's Prized Oil Fields
Monday, June 29, 2009Several 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.
ExxonMobil, TPAO Get Green Light for Black Sea Exploration
Monday, June 08, 2009The 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.
Brazil's Lula Sees Petrobras Furthering Investments Abroad
Thursday, May 21, 2009Brazil'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.
Turkey Unable to Strike Deal with Chevron, RWE
Thursday, May 14, 2009According to a report from Reuters, talks with Turkey about oil and gas exploration have stalled with both US Chevron and German RWE Dea.
Petrobras, Turkish Petroleum Sign Pact to Operate in Black Sea
Tuesday, May 05, 2009Petrobras 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.
KBR Scores Major FEED Contract for Chirag Oil Project in Caspian Sea
Monday, March 23, 2009KBR will provide front-end engineering and design services for BP's Chirag oil project offshore Azerbaijan.
TPAO Inks Turkish Exploration Deals with Exxon, EOG
Tuesday, March 03, 2009TPAO signed oil exploration deals with ExxonMobil and EOG in an effort to increase the exploitation of hydrocarbon reserves in Turkey.
ExxonMobil, TPAO Team Up for Deepwater Black Sea Exploration
Wednesday, November 19, 2008ExxonMobil and TPAO will explore in two large deepwater blocks offshore Turkey.
Wavefield Snags Major 3D Project Offshore Turkey
Tuesday, November 04, 2008The National Oil Company of Turkey, TPAO, has awarded Wavefield Inseis a major 3D project offshore Turkey in the Black Sea.
Iraq Accepts 6 More Firms to Bid for Oil Deals
Tuesday, June 24, 2008An 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.
BP Azerbaijan Plans to Spend $611 Million in Operations in 2008
Wednesday, April 30, 2008In 2008 we expect to spend $611 million in operating expenditure and $1,926 million in capital expenditure on ACG activities.
BP Azerbaijan Maintains Big Drilling, Field Development for 2008
Wednesday, April 30, 2008BP 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.
Iraq, KRG Oil Law Agreement Could Open Path For Turkish Investments
Thursday, April 17, 2008"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."
Stratic Snags First Gas from Ayazli Field Offshore Turkey
Tuesday, March 18, 2008Stratic Energy Corporation announces that gas production commenced last Friday from its Ayazli gas field, in the Black Sea offshore Turkey.
Toreador Says Black Sea Pipeline Repairs to be Completed by 1Q08
Friday, December 07, 2007TPAO has notified Toreador that a contract now is in place for the repair of the pipeline system and operations will begin soon.
Toreador Says Production Halted at Black Sea Operations
Monday, November 26, 2007Toreador 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.
BP Goes Deeper for Shah Deniz Gas
Wednesday, November 14, 2007BP 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.
Toreador Finds Gas at the Bati Eskikale-1 Well
Thursday, November 01, 2007The Bati Eskikale-1 well discovered approximately 10 meters of net gas pay.
Toreador Begins Production at Dogu Ayazli Offshore Turkey
Thursday, September 20, 2007TPAO 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.
AMEC Paragon Wins FEED Contract for Akcakoca Platform
Wednesday, September 19, 2007AMEC 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.
Toreador Resources Abandons Romanian Well
Tuesday, June 26, 2007Toreador 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.
Toreador Reports First Gas Sales from Turkish Black Sea
Wednesday, May 23, 2007Toreador 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.
Schlumberger's Q1 Profit Surges
Friday, April 20, 2007Schlumberger 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.
Toreador Resources Makes Two Discoveries Offshore Turkey
Tuesday, March 13, 2007Two new gas discoveries have been made by Toreador and its jv partners, TPAO and Stratic Energy, offshore Turkey in the Black Sea.
Toreador Issues Year-end Reserve Report Results, Ops Update
Tuesday, February 20, 2007Toreador Resources Corp. on Tuesday provided a summary of its year-end 2006 reserve report results and also updated its current operations.
Toreador Tests Upper Zone in Akcakoca-4
Tuesday, January 30, 2007Toreador 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.
Toreador Reports Flow Test Results from Akcakoca-3
Wednesday, January 03, 2007Toreador 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.
Toreador Reports Test Results from Black Sea Well
Thursday, December 21, 2006Toreador 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.
Toreador Hits Pay Offshore Turkey
Thursday, December 07, 2006Toreador 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.
Stratic Reports Mixed Results from Morocco and Turkey
Wednesday, December 06, 2006Stratic Energy Corporation on Wednesday announced the results of recent exploration drilling in Turkey and Morocco.
Toreador Expects Turkish Production to Start by Year-End
Tuesday, October 17, 2006Offshore 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.
Eurasia Issues Update on Drilling, Development Plan in Azerbaijan
Thursday, August 17, 2006Eurasia Energy Limited (the "Company") on Thursday reported on the status of its ongoing drilling activity and a progress report on the development plan for its oil and gas block in the Republic of Azerbaijan.