TURKISH PETROLEUM CORPORATION - TPAO

More documents

Recommendations

Info

By the end of 2011, yearly crude oil production is 1.73 million barrels (our share is 917 thousand barrels), cumulative crude oil production is 26.80 million barrels (our share is 16.70 million barrels) and crude oil reserves are 28.97 million barrels (our share is 14.78 million barrels). Turkish Petroleum is in the West Caspian Sea; Azerbaijan Exploration, Production and Transportation Projects Turkish Petroleum is currently a participant of three exploration, development and production projects which are Azeri-Chirag- Guneshli (6.75%), Shah Deniz (9%) and Alov (10%) Projects in Azerbaijan. Furthermore, we have a share of 6.53% in the BTC Co. which is carrying out all activities of Baku-Tbilisi-Ceyhan Main Export Crude Oil Pipeline Project and 9% share in South Caucasus Natural Gas Pipeline Project which transports Shah Deniz gas to Turkish-Georgian border. Azeri-Chirag-Guneshli (ACG) Project In 1994, the Joint Development and Production Sharing Agreement for ACG Project was signed in Baku among the State Oil Company of the Azerbaijan Republic (SOCAR) and the consortium constituted by the foreign companies. Throughout the ACG Project having 5.6 billion barrels of oil reserves, and producing 2.0 billion barrels of crude oil up to now (our share; 83.3 million barrels), crude oil production is foreseen to reach 713,000 barrels/day in 2012. In 2011, with an average of 717,600 barrels/day, 262.0 million barrels of oil (our share; 5.6 million barrels) was produced. Shah Deniz Project The Shah Deniz structure is located in the offshore South Caspian Sea, 70 km southeast of Baku and 70 km southwest of the Azeri-Chirag-Guneshli field. The concession has an areal coverage of approximately 860 km². With the Shah Deniz Phase-1 Field Development and Construction Decision, construction period started in 2003 and commercial production started on March 7, 2007 and is currently continuing with 4 wells. In 2011, 6.7 billion m³ of natural gas (our share; 467 million m³) and 13.9 million barrels of condensate (our share 0.97 million barrels) were produced and by the end of 2011, cumulative production reached to 30.4 billion m³ natural gas and 63.8 million barrels of condensate. Within the scope of Phase-2, it is estimated that construction decision will be taken in the mid 2013 and the first gas delivery will be realized in the last quarter of 2017. 15
16 Alov Project Alov Exploration Project covers the Araz- Alov-Sharg prospective structures in the Middle of the Southern Caspian Sea. Drilling of the first exploration well is waiting for the determination of legal status of Caspian Sea. Pipeline Projects of Turkish Petroleum Contributing to the Energy Corridor Baku-Tbilisi-Ceyhan Main Export Crude Oil Pipeline (BTC) Project The transportation of oil produced in Caspian Region, especially from ACG and Shah Deniz Projects in Azerbaijan to the world markets, in a safe, secure, reliable and environmentally friendly way, is continuing through the BTC Project which is the first step of East-West Energy Corridor. Transportation of a large portion of ACG oil, all of Shah Deniz condensate and some Turkmen oil, has continued and from Haydar Aliyev Terminal 258 million barrels of oil was loaded to 355 tankers in 2011. Cumulatively, 1.34 billion barrels of Azeri and Kazakh Oil have been transported through BTC Pipeline to the world markets with 1,742 tankers by the end of 2011. South Caucasus Natural Gas Pipeline (SCP) Project Within the scope of SCP Project, Shah Deniz natural gas is being transported to Georgian-Turkish border. The SCP passing through the same corridor with BTC is about 690 km in length. The pipeline has a transportation capacity of 8.10 billion m³ of natural gas to Turkish border with one compressor station in Sangachal Terminal in line with the terms of AGSC-BOTAŞ Sales and Purchasing Agreement (SPA). However, it is possible to expand this capacity up to 22 billion m³ in a year by adding new compressor stations and/or looping. In 2011, totally 6.65 billion m³ of natural gas was transported and 3.67 billion m³ of this amount was sold to BOTAŞ. The main target of the project is to transport the gas that will be produced from the Caspian Region to Europe via Turkey in the future. Libya Turkish Petroleum has been continuing its activities by its subsidiary Turkish Petroleum Overseas Company (TPOC) since 2000. TPOC, a fully owned affiliate of Turkish Petroleum, is conducting exploration and appraisal work as operator in the Area 147/3&4, Murzuq Basin, Libya.
Page 1 and 2: TURKISH PETROLEUM CORPORATION 3
Page 3 and 4: about us 2 who we are? what we do?
Page 5 and 6: headlines from 2011 4 7 oil field a
Page 7 and 8: note from the president 6 Companies
Page 10 and 11: Our aim is to add a meaning to our
Page 12 and 13: Black Sea floor have attracted the
Page 14 and 15: in Akçakoca fields as well as Ayaz
Page 18 and 19: In 2011, C2A-147/3 was drilled and
Page 20 and 21: the block where each partner has 50
Page 22 and 23: Interpretation Systems For geophysi
Page 24 and 25: Roughneck. For casings, we made an

TURKISH PETROLEUM CORPORATION - TPAO

Create successful ePaper yourself

Delete template?

Save as template?