Russia

Baytugan

The first discovery in Baytugan area was made in 1947 and Baytugan marks TPAO’s first investment in Russia. TPAO was initially represented in Baytugan Project by its subsidiary TP Europe. In March 2014, TP Europe acquired a 49% stake of Baitex, operator of Baytugan Field.

Production continues with over 400 wells in an area with a petroleum quality of 26 API.

In 2019, approximately 3.5 million barrels of oil were produced and average daily production was 9,560 barrels. Also in 2019, TP Europe transferred its shares to Turkish Petroleum Overseas Company (TPOC), another subsidiary of TPAO. Today, TPAO is represented by TPOC.