TURKISH PETROLEUM CORPORATION - TPAO

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the block where each partner has 50% participating interest in the project. The first exploration well, Rio Zulia West-3 (RZW- 3) was completed with oil discovery. The second exploration well, Rio Zulia West- 4 (RZW-4) was completed in June 2011 with oil shows. In October 2011, Ecopetrol decided to assign its shares to TPIC. The process is still in progress. TPIC holds 51% of the shares as well as serving as the operator whereas Genel Enerji holds 40% and Multiservicios RJT LTDA holds 9% of the shares. An exploration well is planned to be spudded in the last quarter of 2012. Oil Field Services In 2011, TPIC enhanced oil field and geothermal services by increasing the number of crews both in Turkey and abroad. TPIC drilled over 150,000 m in depth in 86 wells (5 wells abroad) and completed 439 wells (34 wells abroad) so far. In Turkey, TPIC continues its drilling and well completion services for Turkish Petroleum, Soyak/Mis Enerji, Sanko/Santral Enerji, Aytemiz Elektrik, BM İnşaat, Akça/ Menderes Enerji, Güriş/Gürmat Elektrik, Zorlu Enerji and Kayen Enerji. In Iraq, TPIC participated in the tender opened by SOC (South Oil Company) for drilling and completion of 45 wells and was awarded the project in 2010. The drilling operations of 5 wells started in January 2011 and completed in 2011 by TPIC. In Kazakhstan, TPIC Aktobe Branch Office, founded in 1999, successfully conducted projects. Within the scope of Kazakhstan activities, drilling services have been provided for KazakhTurkMunai (KTM) Company since 2008. The project was completed in 2011 with the completion of the 5 th well in March 2011. Oil Products Trade Since 1999, TPIC has continued to increase the volume of its oil and oil products trade with its strong logistics system and operational capability. TPIC continues carrying out oil products trade in abroad, and extended its operations to Iran, Turkmenistan, Syria, Libya, Northern Cyprus and Mediterranean in addition to Iraq. TPIC handled more than 10 million tons of oil and products in the mentioned markets. TP Petroleum Distribution Inc. TP Petroleum Distribution Inc. (TP) was founded in February 2006 as a subsidiary of TPIC. TP, with the target of reaching a 10% share in the Turkish Market by 2020, continued its gas stations network development activities in 2011. As well as establishing trustable and principled working relations, TP ensured government reliability to its dealers. By the end of 2011, TP achieved a number of 132 dealers. It has protected its position in EMRA reports as 8 th biggest distributor. 19
services & technologies Seismic data acquisition has been carried out by Geophysical Operations Department with three Seismic Crews. Two of them have vibrators while the other operates with dynamite. All Crews have 12 receiver lines, 120 receiver channels per line, totally 1,440 active channels and 2,500 channel capacity. In topographic surveys, Leica GPS1200 system is being used in all Seismic Crews. Non Seismic Data Acquisition Gravimetric and Magnetic Surveys Non-Seismic Data Acquisition Surveys are carried out by one Gravity and Magnetic Acquisition Crew under Geophysical Operations Department. Seismic Data Processing Systems 2D/3D, onshore and offshore data processing have been realized by Focus and Geodepth softwares of Pradigm Company. Also, Thrustline softwares of Geotomo Company have been used to solve problems in Southeastern Anatolia Thrust Zone.
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 16 and 17: By the end of 2011, yearly crude oi
Page 18 and 19: In 2011, C2A-147/3 was drilled and
Page 22 and 23: Interpretation Systems For geophysi
Page 24 and 25: Roughneck. For casings, we made an

TURKISH PETROLEUM CORPORATION - TPAO

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