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Turkish Petroleum Corp. and Cooperations with Nocs and Iocs

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Turkish Petroleum Corp. and Cooperations with Nocs and Iocs NOC-IOC Forum Enhancing Global Energy Security through Cooperation and Partnership 30-31 March, 2009 - Kuwait Turkish Petroleum Corp. and Cooperations with NOCs and IOCs Mehmet UYSAL President & CEO TPAO TPAO: Turkish National Oil Company since 1954 • Reserve: ~ 1 billion boe • 2P Reserve: ~ 9 billion boe • Current Production: ~ 80.000 boe/d • E&P experience over 50 years • Recent Offshore Discoveries • Intense Deep Offshore Exploration Activities • Focus: Middle East, North Africa,Caspian Region and South America • Target: E&P Growth, Transportation & Retail Expansion • Current Cash Flow: $ 2,2 billion • 5 year E&P Investments (2004-08): $ 3.54 billion Energy Corridor and CEYHAN Ceyhan OIL GAS LNG Ceyhan Energy Hub BLUENABUCCOBTCSAMSUNTURKMENISTANWESTERNTURKEYIRANKERKTURKEY PIPELINE USTREAM–K ISTURKEY- -–GREECE INCEYHAN PIPELINECEYHAN BETWEEN - 1 PIPELINE-– ITALY THEPIPELINEPIPELINE IRANPIPELINE PRODUCERS INTERCONNECTORPIPELINE AND CONSUMERS, SCP PIPELINE BLUEARAPIRAQLNG (NIGERIA STREAM–GASTURKEYTHEREFORE PIPELINE -2ALGERIA) PROJECT PIPELINE IT IS A NATURAL BRIDGE. Bottlenecks of transportation : 1 Million b/d 3 Million b/d 17 Million b/d 1 Million b/d 12 Million b/d 4 Million b/d 3 Million b/d 6,5 – 7 Million barrel of oil will be marketed via Turkey. NOC’s and IOC’s Oil & Gas Reserves and Daily Productions Oil Reserves Oil Production Billion Barrel EI TOP 100 : 1.059,4 (%86) World Reserve: 1.237,9 2008- EI TOP 100 COMPANIES Natural Gas Reserves Natural Gas Production Tcm EI TOP 100 : 120 (%68) World Reserve: 177,4 Source: BP Statistical Review 2008 , EI Top 100 Companies (2008) Cooperations in BLACK SEA PETROBRAS %50 TPAO %50 Exploration Blocks EXXONMOBIL %50 TPAO %50 Exploration Blocks TPAO %13,5 Expl. Georgian Block •TPAO •SİNOP •TPAO •TPAO •ZONGULDAK TPAO %51 Discovery and •SAMSUN PETROL OFİSİ %26,75 Production H O P A 1 STRATIC %12,25 in •ORDU FIRST DEEP•TRABZON OFFSHORE WELL TOREADOR %10 Akçakoca Block IN WHOLE BLACKSEA •TPAO Arama Alanları Cooperation with EOG RESOURCES Unconventional Gas From Rource Rock •Cores From Dadaş Formation •Source Rock for Oil and Natural Gas in SE Turkey •Dadaş Fm Entrance Time Map •Natural Gas Production in Barnett shales which very similar to Dadaş Shales: 100 bcm •Planning date to start drilling: End of 2009 Turkey’s THE FIRST UNDERGROUND Gas Storage Facilities 1.6 BCM/YEAR STORAGE CAPACITY 3.2 BCM/YEAR IN 2006 IN 2011 18 MCM/DAY DRAWBACK 40 MCM/DAY International Activities RUSIA UKRAIN KAZAKHSTAN GEORGIA AZER TURKMENISTAN SYRIA AFGHANISTAN LIBYA IRAQ IRAN QATAR OMAN SUDAN VENEZUELA YEMEN COLOMBIA EQUADOR Cooperation in KAZAKHSTAN since 1992 TPAO 49% KazMunaiGaz 51% KAZMUNAIGAZ & TPAO • OIL RESERVE : 40 million bbl • PRODUCED BY NOW : 12 MBL • PRODUCTION : 9500 BPD TPAO WAS THE FIRST FOREIGN INVESTOR IN KAZAKHSTAN. Cooperation in AZERBAIJAN since 1993 ACG (PROD) Itochu 34,10% BP Devon Delta 10,30% Socar Hess 10,00% Lukoil •TPAO: 6.75 % - 1994 (30 yrs) TPAO BP 10,00% Unocal •Reserv : 5.4 Bn bbls Exxon 8,60% Statoil •BAKU •Invest. : 29 Bn $ (Real) Mobil 8,00% Exxon Mobil Statoil 6,80% TPAO •Cur.Prod.: 950,000 bpd 5,60% Devon Unocal Socar 3,90% Itochu Lukoil 2,70% Delta Hess TPAO 25,50% BP 25,50% StatoilHydro NICO BP SHAH DENIZ (PROD) 10,00% Socar •TPAO: 9 % - 1996 (35 yrs) 10,00% Total LukA gip 10,00% LukAgip •625 bcm gas Statoi 10,00% NICO Total lHydr •750 mm bbls Cond. 9,00% TPAO SOCA o •Invest. : 14 Bn $ R •Cur.Prod.: 200,000 boe/d Alberta Energy TPAO Socar ALOV (EXP) ExxonM 40,00% Socar •TPAO: 10 % - 1997 (35 yrs) obil 15,00% BP 15,00% Statoil •Invest. : 9 Bn $ Statoilh 15,00% ExxonMobil •Reserv : 5 Bn bbls oil ydro 10,00% TPAO 5,00% Alberta Energy 4 Bn$ INVESTED 385 bcm gas BP Cooperation in MIDSTREAM (BTC & SCP) BAKU-TBILISI-CEYHAN (BTC) SOUTH CAUCASUS (SCP) CRUDE OIL PIPELINE NATURAL GAS PIPELINE •42”-46”-34” line - 1,768 km length •42” line - 670 km length •First oil in Ceyhan May 2006 •First gas in Turkey: July 2007 •Current Capacity : 1.0 mm bbl/day •Current Tec.Ult.Capacity: 20bcma • (50 mm tonnes/yr) •Current Usage : 8.0 bcma •Current Usage : 950 bbl/day VIA BTC •423 mmb OIL WITH VIA SCP •536 TANKERS •Cumulatif 10 bcm Nat. Gas Inpex Conoco ItochuPhillips TPAO Total- Amerad aHess BP BP FINA- 30,00% BP OIEC Eni ELF 25,00% Socar 8,90% Unocal TotalFi 8,71% Statoil TPAO naElf 6,53% TPAO 26% BP 5,00% Eni 26% StatoilHydro LukAgi Statoil 5,00% Total-FINA-ELF 10% SOCAR p Statoil Hydro 3,40% Itochu 10% LukAgip, SOCA 2,50% ConocoPhillips 10% TotalFinaElf R Unocal 2,50% Inpex 10% OIEC SOCAR 2,36% AmeradaHess 9% TPAO Cooperation in LIBYA since 1994 NC 188 GHADEMES •TPAO 51 % NC 189 SIRTE •ONGC V. Ltd. 49 % •TPAO 51 % NC188 •Relinquishment •ONGC Videsh Ltd. 49 % •Exploration; Current Drilling NC189 147/3-4 NC 147/3-4 MURZUQ •TPAO 100 % •Exploration; Seismic Acquisition •2009/2010 • B1-NC189 : Challenger Rig#26 2 + 3 wells drilling campaign Cooperation in SOUTH AMERICA Since 2005 Colombia Cooperation with Ecopetrol in two exploration licences Ecuador Cooperation with Petroecuador Bolivia Cooperation with YPFM Venezuella Cooperation with PDVSA Cooperation Opportunites in IRAQ • Unrestricted Co-Operators More than 500,000 boepd • Restricted Co-Operators More than 250,000 boep • Non-Co-Operators Less than 250,000 boepd • Gas Operators Separate Advice from PCLD * Classifications will be advised to companies on an individual basis TPAO OPENING BAGHDAD OFFICE Cooperation Opportunites in IRAN MOU for South Pars Phases 22, 23 and 24 (17 November 2008) •24 •Investment : 5,5 Billion $ Water Depth •22 70 m •23 •Oil : 50.000 p/d •Natural Gas : 16 bcm/y Thank You….
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