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İdemania Reklam Ajansı

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TURKISH PETROLEUM INTERNATIONAL COMPANY

ANNUAL REPORT 2015

Date of Publication: 2016

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I N D E X

BOARD OF DIRECTORS

ORGANIZATIONAL CHART

RIGS WE OPERATE

MESSAGE FROM THE CEO

BUSINESS DEVELOPMENT & COORDINATION

PETROLEUM & PETROLEUM PRODUCTS TRADE

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TPIC AT A GLANCE

SOCIAL RESPONSIBILITY

OCCUPATIONAL SAFETY &ENVIRONMENTAL PROTECTION

OUR SECTOR

OILFIELD SERVICES

CORPORATECOMMUNICATION

OUR VALUES

GEOTHERMAL FIELD SERVICES

FINANCIAL INDICATORS

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64

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74

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48

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B O A R D O F D I R E C T O R S

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- EDUCATION -Bachelor’s Degree: Boğaziçi University, Dept. of Political Science and International

Relations-Business Administration (Double Major); 1998Master’s Degree: Munich University, Master of Business Administration (MBA); 2003

- WORK EXPERIENCE -Chairman of the Board, TPIC; 28.09.2016-Member of the Board, TPIC; 2010-2016

CEO, TPIC; 2010-Chairman of the Board, TPPD (Turkish Petroleum Distribution Company); 2016-Chairman of Turkish Chapter, Turkey - Brazil Business Council of DEIK; 2015-

Chief Project Director, Turkish Prime Ministry Investment Support and Promotion Agency; 2007-2010

Director of Business Development and Foreign Relations, AKAD Construction Campany & Kanal

Service Partnership; 2004-2007Financial Control Specialist, Siemens AG

Financial Control Department; 2001-2004

- LANGUAGES -English, German, Spanish and Arabic

Mithat CANSIZCEO and Chairman of the Board

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ANNUAL REPORT, 2015 BOARD OF DIRECTORS

- EDUCATION -Bachelor’s Degree: On Dokuz Mayis University,

Faculty of Medicine;1998Master’s Degree: Health Institutions Administration Master’s Program; 2010 and Leadership and Global Entrepreneurship

Master’s Program; 2013Doctor of Philosophy (PhD) Candidate: Health Institutions

Administration Doctoral Program; 2013-

- WORK EXPERIENCE -Member of the Board, TPIC; 28.09.2016-

Deputy Undersecretary, Turkish Ministry of Health; 2014-Secretary General, Istanbul Northern Anatolia Public Hospitals

Association; 2012-2014 Deputy Director, Istanbul Provincial Directorate of Health; 2009-2012

Deputy Chief Physician, Istanbul Umraniye Training and Research Hospital; 2005-2009

Physician at Various PublicInstitutions; 1998-2005

- LANGUAGES -English

- EDUCATION -Bachelor’s Degree: Sakarya University,

Business Administration; 2000Master’s Degree: Durham University,

International Relations; 2010Doctor of Philosophy (PhD) Candidate:

Durham University, Turkey-Africa Relations; 2016-


Director General, General Directorate of Foreign Relations and EU, Ministry of Energy and Natural

Resources of Turkey; 2016-Deputy Director General, General Directorate of Foreign

Relations and EU, MENR of Turkey; 2012-2016Advisor to the President of Turkey, The office of the

President of The Republic of Turkey; 2007-2012Chief of Cabinet to the Foreign Minister and Deputy

Prime Minister, Republic of Turkey Prime Ministry; 2004-2007

Deputy Advisor, Turkish Grand National Assembly; 2001-2004


Safa USLUDirector General of Foreign Relations and EU

Department at Ministry of Energy and Natural Resources of Turkey and Member of the Board

Dr. Suayip BİRİNCİDeputy Undersecretary at Republic of Turkey

Ministry of Health Member of the Board

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ANNUAL REPORT, 2015BOARD OF DIRECTORS

- EDUCATION -Bachelor’s Degree: Middle East Technical University,

Political Science and Public Administration;1994


Ministry Consultant-Head of the Administrative and Financial Affairs, Republic of Turkey Ministry of Energy

and Natural Resources; 2016-Coordinator, STM Inc.; 2015-2016

HR Planning and Evaluation Manager, HAVELSAN; 2014-2015

Training and Improvement Manager, BOTAS International; 2006-2014

Overseas Contracts Specialist, ERDEMIR Group-ERENCO; 2003-2006

Financial and Administrative Affairs Manager, BUGSAS Ankara Subway; 1995-2003


Mustafa KARLIConsultant at Republic of Turkey

Ministry of Energy and Natural ResourcesMember of the Board

Dr. Ömer Fatih SAYANChairman of Information and Communication

Technologies AuthorityMember of The Board

- EDUCATION -Bachelor’s Degree: Istanbul University, Electronic Engineering

Bahçeşehir University, Faculty Of LawUniversity of Oxford, Diplomacy Education at St Antony’s CollegeMaster’s Degree: Technical University of Munich, Electrical and

Electronic Engineering, Communication EngineeringIstanbul University, Biomedical Engineering

Doctor Of Philosophy (PhD): Istanbul University, Biomedical Engineering


Chairman, Information and Communication Technologies Authority of Turkey (ICTA); 2014-

Consultant at Turkish Prime Ministry and Principal Consultant to the Prime Minister; 2007-2014

R&D Activities at Private Sector Companies in Turkey, Germany and USA; Silicon Valley Initiative; Academician on IT Law at

Various Universities in Turkey and Germany; 1995-2014

- LANGUAGES -English, German, French

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EXECUTIVES

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ANNUAL REPORT, 2015EXECUTIVES

- EDUCATION -Bachelor’s Degree: Boğaziçi University, Dept. of Political Science and International

Relations-Business Administration (Double Major); 1998Master’s Degree: Munich University, Master of Business Administration (MBA); 2003

- WORK EXPERIENCE -Chairman of the Board, TPIC; 28.09.2016-Member of the Board, TPIC; 2010-2016

CEO, TPIC; 2010-Chairman of the Board, TPPD (Turkish Petroleum Distribution Company); 2016-Chairman of Turkish Chapter, Turkey - Brazil Business Council of DEIK; 2015-

Chief Project Director, Turkish Prime Ministry Investment Support and Promotion Agency; 2007-2010

Director of Business Development and Foreign Relations, AKAD Construction Campany & Kanal

Service Partnership; 2004-2007Financial Control Specialist, Siemens AG

Financial Control Department; 2001-2004

- LANGUAGES -English, German, Spanish and Arabic


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ANNUAL REPORT, 2015

- EDUCATION -

Bachelor’s Degree: Hacettepe University,Geological Engineering; 1980

Master’s Degree: Middle East Technical University,The New Tectonics; 1994

- WORK EXPERIENCE -Deputy General Manager, TPIC; 2004-

Project Advisor and Project Manager, TP’s Eastern and Western Black Sea Projects; 1996-2004

Exploration Geologist, TP (Turkish Petroleum); 1980-1996

- LANGUAGES -English and Spanish

- EDUCATION -

Bachelor’s Degree: Middle East Technical University, Dept. of Political Science & Public Administration; 1997

Master’s Degree: Robert Gordon University,International Economy; 1999

Doctor of Philosophy (PhD): Marmara University-EU Institute,EU Economics; 2016

- WORK EXPERIENCE -Deputy General Manager, TPIC; 01.02. 2016-

Foreign Relations Manager, Anatolia Agency; 2012-2016Turkish Prime Ministry Directorate of Foreign Affairs; 2009-2012

Public Affairs Coordinator, Turkish Prime Ministry Investment Support and Promotion Agency; 2007-2009

Turkish Prime Ministry Economic Coordination;2003-2007Export Manager, Private Sector; 2002-2003

- LANGUAGES -English, French and Arabic

Yakup ÖZÇELİKDeputy General Manager

Ercan GÖÇER Deputy General Manager

EXECUTIVES

ANNUAL REPORT, 2015

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M E S S A G E F R O M T H E C E O

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Turkish Petroleum International Company (TPIC), founded as %100 state owned company in 1988, is an international company conducting activities such as exploration & production, drilling & workover services, petroleum & products trade and distribution in a wide geography, such as Middle East, North Africa, Caucasus, Middle and South Asia and South America countries.

“TPIC continues its operations by engaging public reliability and prerogatives together with private sector competences”.

TPIC comprises two distinguishing characteristics, being structural and functional. First and foremost, although it is a state-owned company, TPIC is capable of operating as a private company and has the capacity of engaging public reliability and prerogatives together with private sector competences. Besides, TPIC is apt to grow as an integrated oil company from exploration to drilling, production to distribution, with its quick, flexible and result-oriented decision-making mechanisms and has the ability to employ qualified and experienced personnel.

“TPIC, with its unique structure, is almost like a medium-scaled holding company operating in the areas of exploration&production, f ield services and oil trade, from Iraq and Colombia to Libya and Kazakhstan”.

Thanks to these features, through the realization of its domestic and international projects which are carefully subjected to feasibility

studies without any state budget support, TPIC is continuing to create value on the basis of efficiency and effectiveness in the domestic market and international arena, namely from Colombia and Libya to TRNC, Iraq and Kazakhstan.

“TPIC plays an effective role in the implementation of foreign policy strategies of our country”.

Besides, acting in close coordination primarily with the Ministry of Energy and Natural Resources (MENR) as well as other ministries, TPIC is taking on effective, concrete and result-oriented roles in the implementation of Turkey’s foreign policy strategies. The most notable example of this is the delivery of 30.000 tons of diesel cargo that TPIC provided for the Libyan people under compelling circumstances during the most critical times of the civil war in Libya. Being in the center of great efforts for the development of ‘energy for infrastructure and construction’ projects in Venezuela and Iraq, TPIC provided a significant contribution to the formation of this concept in the public opinion. It is obvious that such economic and commercial relations with different countries would create significant added values for our country.

“TPIC realizes all of its domestic and international trade activities within the basis of ‘win-win’ concept”.

TPIC realizes all of its domestic and international trade activities with countries like Iraq, Libya, Northern Cyprus and Bangladesh on the basis of ‘win-win’ concept. Within the scope of TRNC activity, since 2009, TPIC has shipped more than one million tons of fuel-oil to KIB-TEK (Electricity Authority of Northern Cyprus) Teknecik Terminal via maritime transport. Besides, 62.460 tons of gasoil was shipped successfully to Bangladesh Petroleum Corporation (BPC) in 2015. Apart from Bangladesh, TPIC aims at increasing its activities in Southeast Asia countries, such as Sri Lanka, Pakistan within the context of business development.

“Within the scope of oil trade conducted with Iraq in 2000s, TPIC created highly considerable trade volume and as a result of the employment opportunities created in the region, millions of dollars of tax was paid to our state”.

In addition, TPIC distinguishes itself from the like, with its extensive experience it gained in different regions and under challenging conditions. In this context, TPIC successfully carried out trade of approximately 9.5 million tons of crude oil and petroleum products since the early 2000s so far in the Iraqi market. The project created billions of dollars in revenue to our company and indirectly to Turkey; millions of dollars of tax was paid to our state while creating thousands of employment opportunities in the region and contributing to the socio-economic structure of two countries.

Mithat CANSIZ

MESSAGE FROM THE CEO ANNUAL REPORT, 2015

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“TPIC is the single company in Turkey awarded with an internationally recognized ISO 9001: 2008 Quality Management System Certificate in the areas of petroleum and petroleum products trade and oilf ield services. Besides, it holds the TS 18001:2014 Occupational Health and Safety Management Certificate in the same areas”.

To gain a competitive advantage in our areas of activity, we concentrated on re-organizing our company. Within the integrity of the structural and functional characteristics outlined above, we focused on corporate restructuring through the examination of each and every departmental unit in the company. We aimed to transform our company into a more effective and preferred one in the international markets through the establishment of a “Quality Management System” while strictly complying with industrial standards and guidelines. As a result of our highly committed efforts, TPIC was awarded with an internationally recognized ISO 9001: 2008 Quality Management System Certificate. TPIC is the single Turkish Standards Institute (TSE) certified company in Turkey, covering the scope of Drilling Field Services and Petroleum and Petroleum Products Trade. Moreover, adopting “occupational health and safety” issue as a cultural attitude and course of action, TPIC managed to obtain TS 18001:2014 Occupational Health and Safety Certificate.

“TPIC, which performs more than half of drilling operations of TP, leads the field in geothermal drilling operations in Turkey”.

On the other hand, our activities have increased conspicuously in the last five years. Within this context, we’ve been continuing the drilling and workover services provided for Turkish Petroleum (TP) since 2006. TPIC has achieved the highest amount of services in 2014; 130.713 m were drilled with 62 wells and 581 well completion&workover services were performed successfully. Besides, in 2015, 794 well completion and workover operations were conducted.

Besides, in the domestic market, we maintained our leadership in geothermal field services also in 2015. Since 2007, TPIC has drilled 260.000 meters in total with 116 geothermal wells. Providing additional field services resulted in considerable increase in profitability of the company.

“In the Rumalia Field of Iraq which is called as one of the “Supergiants” in the literature, the greatest turnkey drilling contract in TPIC’s and TP’s history was signed and within this context, drilling operations are ongoing”.

TPIC realized successful projects at also overseas drilling in different regions of the world. After the drilling of 20 wells in the Khurmala Field/Iraq in 2001, our insistent efforts to penetrate the Iraqi market yielded an IPM contract worth of $338 million regarding the drilling of 45 wells in the Rumaila Field. The contract signed between TPIC and SOC (South Oil Company) in 2010, is not only the largest in its field

in Basra, but is also among the largest IPM contracts ever signed in the Supergiant Rumaila Oilfield, one of the world’s largest production fields in Iraq. The contract was amended in 2012. In the project, BP is the operator as the main contractor of the consortium of BP-CNPC-SOC.

After the completion of the drilling of the first 5 wells in 2011, we passed to the second phase. As of May 2015, drilling of the remaining 40 wells has been started. Within the context of the second phase that started off in May, 14 wells were drilled and completed successfully as of 2015-2016. Among these, R-591 vertical and R-590 directional wells have the best performances of Rumaila Field/Basra with 24 and 29 days respectively. Currently, TPIC is one of the two companies drilling in the Rumaila Field. In this regard, TPIC takes firm steps to be a medium-scaled service company in Iraqi market.

When this project is completed, it will increase Iraq’s daily production by at least 300.000 barrels and contribute to Iraq’s welfare. TPIC targeting an active role in Iraqi market, carries out new project initiatives by itself or via its subsidiaries.

“TPIC is recorded as the first Turkish State-Owned Company investing in E&P projects abroad”.

By realizing exploration-production projects in Australia, Indonesia, Pakistan and Egypt in 1990’s, TPIC is recorded as the first Turkish State-Owned Company investing in E&P projects abroad. Following these projects, exploration-production activities initiated through some partnerships on Maria Conchita and Gonzalez Blocks in Colombia, have been continuing with the coordination and cooperation of our well talented team.

“TPIC holds 11 exploration-production licenses in various regions of Turkey”.

Thus, TPIC holds 11 exploration-production licenses in various regions of Turkey. TPIC increased its oil production from 200 bopd in 2009 to 800 bopd in 2015. Since 2009, TPIC has produced over 1.4 million barrels of oil in total. According to the current data, it can be said that the contribution of TPIC to the country’s oil production has increased in the last five years, considering Turkey’s daily production is 47.000 barrels on average.

“As a result of its successful performance lately, TPIC was able to create added-value; and both increased its capital and profitability”.

Thanks to all of our employees and executives, TPIC’s demonstrated high performance primarily at home and abroad and the resultant profitability are honored with its ranking as 81 in the List of Top 100 Tax Payers of Ankara 2011, occurring for the first time in its 23 years

MESSAGE FROM THE CEOANNUAL REPORT, 2015

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“ R-591 vertical and R-590 directional wells drilled by TPIC

revealed the best performances of Basra with 24 and 29 days

respectively”.

MESSAGE FROM THE CEO ANNUAL REPORT, 2015

of history. Hence, in 2012, our company managed to enter for the same list with a higher ranking as 55.

Our paid capital has increased 11 times, from 150 million USD to 1.65 billion USD in the last 5 years. Besides, the net profit has increased 13 times whereas profit per employee has increased 11 times compared to 2009.

Moreover, 69.4 million USD was paid to our state as tax, public securities, etc. The net profit about 100 million USD that TPIC has reached in the last five years is a major motive driving us to realize our future goals.

“Together with an increased amount of capital after the demerger from TP in 2013, TPIC continues its operations as being a subsidiary of Petroleum Pipeline Corporation / BOTAŞ”. With the support of MENR, for the coordination and execution of some projects vital to our country’s interests, TPIC was transferred to Petroleum Pipeline Corporation (BOTAŞ) by means of a Council of Ministers Decree No. 2012/4152 together with a capital increase in 22 January 2013. Through this increase in capital that will provide a strategic contribution to our goal of becoming “Global Energy Vision of Turkey”, both our areas of activity has increased and we gained a more advantageous position in terms of direct access to nearby oil and natural gas resources hosting approximately 70% of total world reserves. Within this context, TPIC is able to function more actively in representing our country abroad, and successfully performing projects that would reduce Turkey’s dependency on oil, gas and related products by working under the umbrella of BOTAŞ.

“TPIC renewed its corporate identity in order to better create awareness at home and in the international arena”.

Soon after being transferred to BOTAŞ, in order to emphasize its new corporate vision and strategy, to create sectoral awareness for domestic and international activities of TPIC and to reflect TPIC’s real image in the international markets, TPIC renewed its company logo and corporate identity in 2014. Within this direction, all intercorporate components were revised and “Corporate Identity Work” was finalized. Through its modernist and dynamic character and qualified personnel, TPIC continues its activities on the way of being among Turkey’s global companies whereas aiming to represent our country successfully.

“TPIC published “Osmanlı’da Petrol (Petroleum In the Ottoman Era)” book in the memory of its 25th anniversary and aimed at presenting a work that suits its reputable, broad- visioned, leader and contemporary character”.

As a national energy company, due to the fact that we have responsibility towards contributing to our history, there is not a corresponding book that has been published so far and we desired to present a valuable work in the memory of our company’s 25th anniversary, we published the book “Osmanlı’da Petrol”.

This book compiled among hundreds of Ottoman Archive documentary, includes many important topics that sets light to history, such as petroleum’s place and importance in the Ottoman territories, in which manners our ancestry followed the oil sector developments especially after 19th century, the initiatives of the Western States in the petroleum regions belonged to Ottoman territory.

While publishing this book, TPIC targeted to remove the related bias, impertfect or incorrect information towards this subject, and aimed at providing exact and useful knowledge based on Ottoman Archive documentary to researchers, academics or sector employees.

“Being in the close pursuit of global trends of change, TPIC adapts itself to the changing conditions and takes firm steps towards its goals”.

Pursuant to our vision of becoming a regional and global brand for the future, TPIC is committed to create value for our country to the maximum extent possible, through bringing our corporate re-structuring to an end in a manner that would set an example to the domestic industry and continuously improving our Quality Management System. This new period through which we are planning to more

actively operate especially in Iraq in addition to our existing projects, TPIC aims to serve the national interests of Turkey also by utilizing its logistic advantages and become a company constantly seeking new horizons, while creating more and more value. We acknowledge that the success we have achieved would only be possible through the valuable contributions of our employees and other stakeholders. I would like to thank all our stakeholders for their devoted efforts and contributions.


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TPIC has shipped over 1.1 million

tons of fuel-oil with 140 cargoes to

KIB-TEK (Electricity Authority of Northern Cyprus).

Since 1999, TPIC has realized totally

9 million tons of petroleum &

petroleum products trade with Iraq.

For TP Petroleum Distribution Company,

TPIC supplied 572.000 tons

of gasoil in total from the international

market, until today.

Until the end of 2015, TPIC’s cumulative crude

oil production surpassed 1.4 million barrels.

In 2015, TPIC realized its exploration

& production activities with its 11 exploration licensesin Turkey.

Since 2008, TPIC has conducted exploration

& production activities in 2 Blocksin Colombia.

Petroleum Trade Exploration and Production

TPIC AT A GLANCEANNUAL REPORT, 2015

TPIC AT A GLANCE

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As of 2015/2016, TPIC drilled 19 wells in total, in the project related to the drilling

of 45 wells for SOC. Two of these wells

were completed in 24 and 29 days respectively, revealing the best performances of Basra.

TPIC drilled 20 wells in the Khurmala Field of Iraq.

Since 2006, TPIC has provided drilling service

over 300 wells, drilled approximately

594.000 m in total and conducted well completion&workover operations on approximately

4000 wells.

As of 2015/2016, TPIC drilled 260.000 m

in total with 116 geothermal wells.

100 million USD in net profit in

the last 5 years

Increase of capital

to 1.65 billion USD

Oilfield Services Geothermal Drilling Services

TPIC AT A GLANCE ANNUAL REPORT, 2015

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FIELD DEVELOPMENT

PRODUCTIONDRILLING WORKOVEROIL & GAS EXPLORATION

OUR SECTORANNUAL REPORT, 2015

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OUR SECTOR

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TRANSPORTATION OIL DISTRIBUTION

CRUDE OIL& OIL PRODUCTS

TRADING

OILFIELD SURFACE FACILITIES

REFINERY

OUR SECTOR ANNUAL REPORT, 2015

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TURKEY'S GLOBAL VISION

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IN THE ENERGY SECTOR

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VISION / MISSIONANNUAL REPORT, 2015

To be the one who is a pace setter, who creates values through its capabilities, light-footed, venturesome and a leader insititution in its field.

VISION

To move forward by growing on the way of becoming an effective energy company through getting strength from its values with the consciousness of Turkey’s representation from exploration to distribution in international “oil and natural gas” sector.

MISSION

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OBJECTIVES

COMPETITIVE ADVANTAGES

STRATEGIES

OBJECTIVES / STRATEGIES / COMPETITIVE ADVANTAGES ANNUAL REPORT, 2015

To create an optimum investment portfolio for exploration and production, to become a more effective oilfield services company in our region, to become an effective player in international “oil and oil products” trade business, to enter contractor services (pipelines, surface facilities and refinery activities) sector and improve the abilities of the company in this sector, and to improve the operational and organizational performance.

In order to achieve our objectives; to continue our attempts to increase and maintain our exploration activities as well as our oil field services and oil trading activities, in the countries such as Iraq, Syria, Libya, Sudan, Yemen, Russia, Azerbaijan, Turkmenistan, Uzbekistan, Kazakhstan, Colombia, Venezuela, Bolivia, and Ecuador where a large portion of hydrocarbon reserves of the world are retained.

Our capability to act in a fast and flexible manner by maintaining both public sector solemnity and private sector practicability together in balance; we operate in the international arena as well as at home; we are perceived as a reliable and successful company; we take firm steps forward in the global markets relying on our broad experience at home and abroad.

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OUR VALUES

Continuous Improvement

Human and Ethical Values

Sharing

Positive Synergy, Thinking and

Behaviour

Effective Communication and

Team Spirit

Talent Management and Leadership Consistent with

the Vision

OUR VALUESANNUAL REPORT, 2015

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OUR VALUES ANNUAL REPORT, 2015

Solution / Target Oriented Behaviour

Efficiency and Consistency

Social Responsibility

Productivity

Quality

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O R G A N I Z A T I O N A L C H A R T

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ANNUAL REPORT, 2015ORGANIZATIONAL CHART

CEO

Corporate Communication Department

Operation Department (Domestic)

HR & Administrative Affairs Department

Chief Engineering of OccupationalSafety and Health

Petroleum and Petroleum Products Trade Department

Petroleum Trade

Petroleum Trade Logistics

Materials and Logistics Procurement Department

Overseas Operations / Oilfield Services

Chief Engineering of Materials Procurement

Chief Engineering of Logistics Procurement

Financial Affairs Department

Finance

Overseas Operations

General Accounting

Bunkering

Chief Engineering of Well Completion

HR & Training

Chief Engineering of Well Drilling

Administrative Affairs

Tbilisi Branch

Information Technologies Department

Baku Branch

Tripoli Branch

Aktobe Branch Baghdad Branch

South American Countries

Deputy General Manager Deputy General Manager Deputy General Manager Deputy General Manager

Secretariat of the Board of Directors

Legal Consultancy Department

Business Development and Coordination Department

Board of Directors

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ABOUT TPIC

Turkish Petroleum International Company (TPIC) was founded as a 100% state owned subsidiary offshore company of Turkish Petroleum Corporation in 1988 with the objective of operating in the whole value chain of the international oil industry. At home and abroad, TPIC successfully carries out activities such as exploration & production, drilling & workover services, petroleum & petroleum products trade and oil distribution, from Iraq to Libya, Colombia to Northern Cyprus and Kazakhstan.

For the enforcement of projects having vital strategic importance to the benefit of our country, TPIC was transferred to Petroleum Pipeline Corporation/BOTAŞ by the Decree of the Council of Ministers with no.: 2012/4152, dated 22.01.2013, together with an increase in its capital from 150 Million USD to 500 Million USD. Through the capital increases in 2014, 2015 and 2016, TPIC’s paid capital was increased to 1,65 Billion USD.

TPIC takes firm steps forward to be one of the global companies of Turkey with its renewed vision. Within this scope, TPIC by itself or via its subsidiaries, carries out its exploration & production activities in the oil & gas sector, particularly in Iraq and other regions.

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ANNUAL REPORT, 2015


“ As of 2015, TPIC’s cumulative crude oil production has surpassed 1.4 million barrels. “

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EXPLORATION & PRODUCTION ACTIVITIES IN TURKEY

As of December 2015, TPIC holds 11 exploration licenses in various exploration regions of Turkey.

TP operates as the Contractor Company for TPIC Licenses. TPIC has drilled total of 46 wells since 2008, including an offshore well in Iskenderun Basin and 34 wells in AR/TPI/4468 license. TPIC has carried out 3D seismic survey covering 205 km2 on the AR/TPI/4468 license. Processing and interpretation of the data led to the discovery and development of the Sambayat, East Sambayat, Altintop and Dudere fields. In 2012, Bozhuyuk-1 well, located southeast of Sambayat field and in an area beyond 3D seismic survey, discovered oil. The new field was extended by drilling of new appraisal wells.TPIC has increased its oil production in AR/TPI/4468 License from 200 bopd in 2009 to 800 bopd in 2015, and as of the last quarter of 2015, production continues from Sambayat-1,15; East Sambayat-1,6; Altintop -2,3; and Bozhuyuk -1,5,6,9 wells. Since 2009, TPIC has produced more than 1.4 million barrels of oil in total.

ANNUAL REPORT, 2015

EXPLORATION & PRODUCTION ACTIVITIES IN TURKEY

REGION LICENSE SHAREXII GAZIANTEP AR/TPI/4468, 5121 %100

XI DIYARBAKIR AR/TPI/4876, 5041 %100

II BOLU AR/TPI/5079 %100

X SIIRT AR/TPI/5056 %100

AR/TPI/K/M42-a1, a2, a3 %100

AR/TPI/K/M42-b1 %100

AR/TPI/K/M48-c3 %100

AR/TPI/K/N48-b2, b3 %100

AR/TPI/K/N49-A %100

350.000300.000250.000200.000150.000100.00050.000

02012 2013 2014 2015

Barr

els 214.067

251.634 263.461342.957

TPIC CRUDE OIL PRODUCTIONBETWEEN 2012-2015 (BARRELS/YEAR)

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After realizing its first exploration projects in Australia, Pakistan, Indonesia and Egypt (West Qarun, West Gebel El Zeit,

West Bahariye) between 1988-1995, TPIC also started to perform exploration activities on the Gonzalez and Maria

Conchita Blocks in Colombia in 2008.

EXPLORATION & PRODUCTION ACTIVITIES ABROAD

ANNUAL REPORT, 2015 EXPLORATION & PRODUCTION ACTIVITIES ABROAD

BLOCK SHARE PARTNERS OPERATOR

GONZALEZ 100% - TPIC

MARIA CONCHITA 51% MKMS 40%, Multiservicios 9% TPIC

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Gonzalez Block

Since 15 July 2008, serving as the operator, TPIC has been conducting joint exploration activities with the National Oil Company of Colombia, Ecopetrol, on the Gonzalez Block in Catatumbo Basin. In 2014, Ecopetrol transferred its shares to TPIC. As part of the project, Rio Zulia West-3 (RZW-3) exploration well was completed with oil discovery in 2010; and Rio Zulia West-4 and Rio Zulia West-4 ST-1 wells were completed with oil shows in 2011. 3D seismic acquisition program covering an area of 232 km² was completed in November 2012. Hydraulic fracturing operation was realized and test productions are ongoing at RZW-3 Well. Preparations continue for the drilling of a new exploration well in the Block.

Gonzalez Block

ANNUAL REPORT, 2015

Maria Conchita Block


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Maria Conchita Block

ANNUAL REPORT, 2015

Maria Conchita Block located in the Guejira Basin in North Colombia, is next to the largest gas producing field in Colombia and close to storage facilities and pipelines. In the block, TPIC is the operator with 51% of the shares and its partners are MKMS with 40% and Multiservicios RJT LTDA with 9% of the shares. 120 km² 3D seismic data acquisition and processing were completed in the second half of 2010. The “Consulta Previa” process was finalized successfully. The environmental licenses needed for the drilling activities in the Block were obtained, exploration activities are ongoing.


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SOCIAL RESPONSIBILITYANNUAL REPORT, 2015

SOCIAL & ENVIRONMENTAL PROJECTS OF TPIC IN COLOMBIABeing aware of its corporate, social and environmental responsibilities, TPIC always takes its steps accordingly. The most notable example of this is TPIC’s social and environmental attitude in Colombia, where it has been conducting exploration activities in Maria Conchita and Gonzalez Blocks since 2008.

TPIC delivered uniforms and school kits to children from the communities located in the area of the project.

TPIC delivered food to the local communities.

TPIC conducted environmental report to the communities in the area of influence.

TPIC donated and supported the livestock in the related villages.

TPIC opened handicrafts courses for the local communities.

Since June 2014, TPIC has sponsored the transport and logistics of officials of the Secretary of Municipal Health of Riohacha, for the vaccination campaign of the EPI Programme and review of vaccination papers of children and adults of the communities located in the area of the Maria Conchita Block.

TPIC delivered 1224 school kits to children studying in ethnic education centers namely, Cucurumana, Aujero and Belen in the area of influence “Exploratory Drilling Area Maria Conchita”. Additionally, 456 school kits were delivered to teachers and children in communities studying in schools in Riohacha.

Education

Health

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Within the context of the vaccination campaign of the EPI Programme and review of vaccination papers of the communities located in the area of the Maria Conchita Block, TPIC sponsored the transport and logistics of officials of the Secretary of Municipal Health of Riohacha.

TPIC delivered 1224 school kits to children studying in ethnic education centers namely, Cucurumana, Aujero and Belen.

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ANNUAL REPORT, 2015

OILFIELD SERVICES TPIC, pertinaciously proceeds to the future by improving its existing activities and projects in the light of its

extensive experiences, particularly in drilling and well completion services, gained at home and abroad. TPIC

gained awareness particularly in the subjects of health, safety and environment after being awarded an OHSAS

18001 Certificate. In order to boost the efficiency and safety of the oilfield services, TPIC included “Corrective

or Preventive Action”, “Permit To Work” and “Computerized Maintenance Management System” procedures into

its corporate structure as of 2014.

Permit to Work (PTW)Permit to Work system is applied in our fields in order to provide safer operating environment and to determine the

precautions before nonroutine dangerous operations.

Computerized Maintenance Management (CMMS)In order to perform breakdown and periodic maintenance on the equipment in our inventory and register data, to control

and report the system in line with specific procedures and directives, Computerized Maintenance Management system is

applied.

OILFIELD SERVICES

41

ANNUAL REPORT, 2015

Within the context of oilfield services abroad; since 1996, TPIC realized Tepco, KTM, KazakhOil Aktobe, Caspineft Projects

in Kazakhstan; Salyan Oil and Karasu Operating Co. Projects in Azerbaijan; Calık Energy Project in Turkmenistan; Frontera

Eastern Georgia Project in Georgia; Dove Energy and IPR Projects in Syria and Khurmala Field -20 Wells Drilling Project

in Iraq. In addition to these projects, in 2010, an IPM contract regarding drilling of 45 wells in Iraq’s Rumaila Field was

signed with South Oil Company (SOC) of Iraq.

At home, TPIC provides oil/natural gas drilling and workover services in various regions of the country. Besides these

operations, TPIC provides core sampling, fishing, casing, maintenance and repair services for oil wells; and PT-PTS test

services for geothermal wells.

TPIC is an expert in onshore drilling. Until today, TPIC provided drilling services to companies such as; Dove Energy, Tepco,

NOC (North Oil Company), SOC (South Oil Company), Zorlu Energy, Perenco, HEMA Energy, Calık Energy, Gurmat, KTM

Energy, TP, MIS Energy, Aytemiz Energy, Akca Energy, SANKO Energy and Maspo Energy.

OILFIELD SERVICES

Corrective or Preventive Action

In order to prevent incoordination of the activities conducted within the context of Occupational Health and Safety

Management System, to identify the sources causing incoordination and to plan measures, to monitor and follow the

process of activities, Corrective or Preventive Action system is applied.

OILFIELD SERVICES IN TURKEY

Operator Region Start Date Release Date Service Name RigNumber of Wells

Total Number of Wells

GURMAT ELECTRIC GENERATION CO. INC.

AYDIN

2007 2008

Geothermal Drilling Service

F200/13 9

60

2012 2015 F200/11 31

2010 2010F200/10

1

2013 2014 10

2014 2015 3

2014 2015 F320/5 6

2011 2011Geothermal Workover

Service

IRI100/1 492014 2014 F200/10 2

2015 2015 F200/10 3

ZORLU ENERGYDENIZLI

2009 2011Geothermal Drilling

ServiceF200/11 16

21F320/5 5


Service

F200/11 1

32010 2010 F200/10 1

2011 2011 IRI100/1 1

BM ENERGY AYDIN 2009 2012 Geothermal Drilling Service

F200/11 5

7F200/10 1

F320/5 1

AKCA ENERGY DENIZLI-MANISA 2012 2013Geothermal Drilling

ServiceF320/5 3

5F200/10 2

MIS ENERGY MANISA 2011 2012Geothermal Drilling

ServiceF200/10 4 4

SANTRAL ENERGY MANISA

2010 2011Geothermal Drilling

Service F200/10 2 2


ServiceIRI100/2 1 1

AYTEMIZ ENERGY MANISA 2011 2012Geothermal Drilling

ServiceF320/5 1

2F200/10 1

MASPO ENERGY MANISA 2013 2013Geothermal Workover

ServiceIRI100/2 4 4

ZORLU PETROGAS HATAY-ADANA 2004 2006Oil&Gas Drilling

ServiceF200/13 3 3

HEMA GROUP BARTIN 2006 2007Oil&Gas Drilling Service (directional drilling)

MR7000/2 1 1

N.V.TURKSE PERENCO SIRNAK 2006 2007Oil&Gas Drilling

ServiceF320/6 1 1

ENERGY OPERATIONS OF TURKEY DIYARBAKIR 2008 2009 Oil&Gas Drilling Service

F200/11 1 1

TURKISH PETROLEUM

BATMANADIYAMAN

THRACE REGION2006 2014 Oil&Gas Drilling

ServiceVarious 328 328

ANNUAL REPORT, 2015

COMPLETED PROJECTS

OILFIELD SERVICES

PRIVATE SECTOR SHARE/TP SHARE IN TOTAL NUMBER OF WELLS : 124 /328

ANNUAL REPORT, 2015

OILFIELD SERVICES ABROAD

TEPCO KAZAKHSTAN 1999 1999 Oil&Gas Drilling

Service F320/5 1 1

SOL (Salyan Oil Limited) AZERBAIJAN 2000 2001Oil&Gas Well

Completion Service IDECO/11 88 88

KTM KAZAKHSTAN

2008 2010

2001

2006

Oil&Gas Drilling Service


F320/2

IRI100/1

IRI100/2

5

14

5

5

192000

2005

KAOC KAZAKHSTAN 2001 2003Oil&Gas Drilling

Service F320/5 3 3

KOA KAZAKHSTAN 2003 2009Oil&Gas Well

Completion ServiceIDECO/11

142 142IRI 100/1

CASPINEFT KAZAKHSTAN 2004 2005 Oil&Gas Well

Completion ServiceIRI100/1 3 3

ARAL OIL KAZAKHSTAN 2006 2007 Oil&Gas Well Completion Service

IRI100/1 3 3

NOC IRAQ 2002 2003 Oil&Gas Well Completion Service

F200/920 20F200/10

F200/14

FRONTERA RESOURCES (FRGL) GEORGIA 2005 2006Oil&Gas Drilling Service

(Re-entry) F200/11 3 3

DOVE ENERGY SYRIA 2006 2006Oil&Gas Drilling

Service F200/11 1 1

ZHAIK MUNAY KAZAKHSTAN2007 2008

Oil&Gas Well Completion Service

IRI100/221 21

1

MR7000/2

2008 2009Oil&Gas Drilling

Service MR7000/2 1

KAZAK TURK MUNAY KAZAKHSTAN 2008 2009Oil&Gas Drilling

Service F320/2 5 5

IPR MEL SYRIA 2006 2007Oil&Gas Drilling

Service F200/11 3 3

CALIK ENERGY TURKMENISTAN 2007 2009Oil&Gas Drilling

ServiceF320/5 4 4

TOTAL NUMBER OF WELLS COMPLETED ABROAD : 322

ONGOING PROJECTS


MASPO ENERGY MANISA 2012 -Geothermal Drilling

ServiceF320/5 5 10

GURMAT ELECTRIC GENERATION Co. INC. AYDIN 2015 - Geothermal Drilling Service F200/11 13 24

SIS ENERGY PRODUCTION CO. MANISA 2016 - Geothermal Drilling Service F320/5 1 2+2

TURKISH PETROLEUMBATMANADIYAMAN

THRACE REGION2008 - Oil&Gas Well

Completion ServiceVarious 4.000 -

OILFIELD SERVICES ABROADSOUTH OIL COMPANY (SOC) IRAQ 2010 -


NOV9019 45

NOV97

OILFIELD SERVICES

44

FANNUAL REPORT, 2015

TPIC also offers its 28 years of experience in well completion. We continue to provide wide range of services, such as well completion, cementing, acidizing, swabing, DST, workover and refurnishing.

Within the scope of drilling and geothermal drilling projects, in 2013, 149.458 meters of drilling were performed in total. Providing rig personnel service for 10 TP rigs, 97.474 meters of drilling were performed on 41 wells whereas for geothermal projects conducted with private sector in Aegean Region, providing rig personnel service for 3 TP rigs, 51.984 meters of drilling were performed on 21wells.

In 2014, 164.763 meters of drilling were performed in total both for oil and geothermal drilling projects. Providing rig personnel service for 10 TP rigs, 130.713 meters of drilling were performed on 62 wells. For geothermal projects, providing rig personnel service for 3 TPIC rigs, 34.050 meters of drilling were performed on 15 wells.

In 2015, within the context of geothermal projects, providing rig personnel service for 3 TPIC rigs, 29.924 meters of drilling were performed on 15 wells.



45

OILFIELD SERVICES IN TURKEY ANNUAL REPORT, 2015

Since 2006, TPIC has provided oil and natural gas drilling, well completion&workover services for TP in the various TP and TPIC licensed fields in Batman, Adıyaman and Thrace Region. Until today, TPIC provided drilling service over 300 wells, drilled approximately 594.000 meters in total and conducted well completion&workover operations on approximately 4000 wells.

TP Batman, Adıyaman and Thrace Region Activities

46

ANNUAL REPORT, 2015

Between 2012-2014, 304.044 meters of drilling were performed on 145 wells. The activities were carried out under challenging conditions, such as high pressure, high temperature and deep well drilling. With the help of such experience, TPIC continues to deliver drilling, well completion & workover services. These services are supported by maintenance and technical service capabilities.

Drilling

NUMBER OF OIL WELLS DRILLED BY TPIC

TPIC’s OIL DRILLING FOOTAGE (m)

706050403020100

Dril

ling

(m)

Num

ber o

f Wel

ls

Years

Years

140.000

120.000

100.000

80.000

60.000

40.000

20.000

-

2008 2009 2010 2011 2012 2013 2014 2015

2008 2009 2010 2011 2012 2013 2014 2015

31

47.379

46

72.282

46

75.857

60

94.366

42

75.857

41

97.474

62

130.713


47

ANNUAL REPORT, 2015

In the last four years, providing rig personnel service for 4 TP rigs, 2.488 well completion&workover services were delivered in total. In 2012, 2013, 2014, and 2015, 545, 568, 581 and 794 well completion&workover services were performed respectively.

Well Completion

NUMBER OF WORKOVER SERVICES BY TPIC

900

800

700

600

500

400

300

200

100

0

Wor

kove

r (nu

mbe

r)

Years

2008 2009 2010 2011 2012 2013 2014 2015

169

259328

439545 568 581

794


48

ANNUAL REPORT, 2015 GEOTHERMAL SERVICES

Besides its remarkable success in the areas of oil and natural gas field services, TPIC has a leading position in terms of geothermal drilling field services as well.

TPIC started to provide geothermal drilling services on Rig F200/11 in 2007. In 2010, TPIC enhanced its capability with the involvement of Rig F320/5, Rig F200/10, Rig IRI 100/1 and Rig IRI 100/2 in its rig inventory. With its technical crew, TPIC delivered 17 well completion and 361 cementing/acidizing services on Rig IRI 100/1 and Rig IRI 100/2. Between 2007-2015, TPIC provided drilling services to Gurmat, Zorlu Energy, BM Construction, MasPo Energy, Akca Energy, Mis/Soyak Energy, Aytemiz, Sanko/Santral Energy.

OPERATOR COMPANIES TPIC COLLABORATESTPIC Jeotermal Projeler - Operasyon Müdürlüğü

Operatör Firmalar

Akça Enerji

Akça Enerji

BM Enerji

BM Enerji

Gürmat Enerji

Gürmat Enerji

Zorlu Enerji

Zorlu Enerji

Santral Enerji

MİS Enerji

Aytemiz Enerji

MasPo Enerji

Operator Companies

Akca Energy Akca Energy

BM Energy BM Energy

Gurmat Energy Gurmat Energy

Zorlu Energy Zorlu Energy

Santral Energy

MIS Energy

Aytemiz Energy

MasPo Energy

GEOTHERMAL SERVICES

49

GEOTHERMAL SERVICES

Besides the aforesaid services, between 2011-2015, in total 114 PT/PTS well test services were delivered to Sanko/Santral Energy, Celikler Holding, Soyak/Mis Holding, Maspo Energy, which seek to determine their reserve parameters (pressure, temperature and flow) at geothermal wells.

Between 2007-2015, TPIC performed 247.112 meters of drilling in total on 110 geothermal wells.

60.000

50.000

40.000

30.000

20.000

10.000

0

W/O

(num

ber)

Num

ber o

f Wel

lsD

rillin

g (m

)

2007 2008 2009 2010 2011 2012 2013 2014 2015

10.9665.269

9.557

26.080

37.97141.311

51.984

34.05029.924

TPIC’s GEOTHERMAL DRILLING FOOTAGE (m)

NUMBER OF GEOTHERMAL WORKOVER

100

2007 2008 2009 2010 2011 2012 2013 2014 2015

3 5 4 3 2

NUMBER OF GEOTHERMAL WELLS

3020100

2007 2008 2009 2010 2011 2012 2013 2014 2015

73 511 16 17 21

15 15

ANNUAL REPORT, 2015

Years

Years

Years

50

Within the scope of a tender related to the drilling of 45 wells in the Supergiant Rumaila Field of Iraq, an IPM (Integrated Project Management) contract was signed with Iraq’s South Oil Company(SOC) on 14 March 2010. The first 5 wells were drilled and delivered successfully in 14 August 2011. In the ongoing process, SOC transferred its operating rights to “Rumaila Operating Organization (ROO)”, the consortium of BP-CNPC-SOC.

An amended version of the contract entered into force on 15 November 2012, where profitability and business volume of TPIC were reserved. According to the text of amendment to the main contract, the remaining 40 wells were agreed to be drilled at new unit prices in line with BP’s minimum requirements. In the amended contract, the value of the remaining 40 wells was increased to 305 Million USD. As a result, total contract value of 45 wells reached to 338 Million USD.

Pursuant to the contract on technical terms and SOC’s related letter of credit, preparations were started in October 2014 for the second phase. On 20 May 2015, second drilling phase was started. As of 5 July 2016, 14 wells were drilled in the scope of the second phase and 19 wells were drilled in total. Among these, R-591 vertical and R-590 directional wells have the best performances in Rumaila Field/Basra’s history with 24 and 29 days respectively. Currently, TPIC is one of the two companies drilling in the Rumaila Field whereas Halliburton is the other.

8-10 thousand bopd is produced from these wells, which are at a depth of 3500 meters. When this project completed, the daily production amount of Iraq is expected to increase approximately 300.000 barrels.

ANNUAL REPORT, 2015 OILFIELD SERVICES ABROAD

OILFIELD SERVICES ABROAD

Iraq SOC Rumaila Field Project

RIG DAY DATES OF THE RUMAILA PROJECT

WELL RU-444 RU-445 RU-451 R-583 RU-461 R-585 R-586 R-587 R-590 R-591 R-597 R-598 R-599 R - 601

LOCATION SP-EL41-MP SP-ER35-MP SP-AB79-MP NP-GH29-MP SP-CB61-MP NP-EZ37-MP NP-GN31-MP NP-EW37-MP NP-GX31-MP NI-GV23-MP NP-HZ33-MP NI-HS23-MP NP-IT39-MP NP-IH31-MP

RIG RIG 90 RIG 97 RIG 90 RIG 90 RIG 97 RIG 90 RIG 97 RIG 90 RIG 97 RIG 90 RIG 97 RIG 90 RIG 97 RIG 97

WELLPROFILE VERTICAL VERTICAL VERTICAL VERTICAL VERTICAL VERTICAL VERTICAL

DIRECTIONAL WELL 500M STEP-OUT

DIRECTIONAL WELL 500M STEP-OUT

VERTICALDIRECTIONAL WELL 500M STEP-OUT

VERTICAL VERTICAL VERTICAL

WELL TYPE PRODUCTION PRODUCTION PRODUCTION PRODUCTION PRODUCTION PRODUCTION PRODUCTION PRODUCTION PRODUCTION INJECTION PRODUCTION INJECTION PRODUCTION PRODUCTION

TRANSPORTATION 20/4/2015 13/6/2015 26/6/2015 30/8/2015 18/9/2015 11/10/2015 9/11/2015 18/11/2015 11/1/2016 7/2/2016 19/2/2016 11/3/2016 31/3/2016 03/05/2016

STARTDATE 20/5/2015 8/7/2015 10/7/2015 8/9/2015 28/9/2015 18/10/2015 15/11/2015 26/11/2015 20/1/2016 15/2/2016 26/2/2016 1/4/2016 7/4/2016 04/06/2016

RELEASEDATE 25/6/2015 17/9/2015 29/8/2015 10/10/2015 8/11/2015 18/11/2015 11/1/2016 6/2/2016 18/2/2016 10/3/2016 29/3/2016 26/4/2016 2/5/2016 05/07/2016

DRILLINGTIME 35,21 71,88 49,96 31,71 41,08 30,98 56,13 72,27 29,67 24,72 32,38 25,13 24,92 30,64

51

R-591 Time / Depth

R-590 Time / Depth

0 5 10 15 20 25 30 35 40 45 50 550

500

1000

1500

2000

2500

3000

3500

4000

Dep

th (m

)

Time (Day)

Dep

th (m

)

Time (Day)

Actual Actual

13 3/8’ Casing

Bit Change

Wiper trip

Wiper trip

Wiper trip 7’ Casing

0 5 10 15 20 25 30 35 40 45 50 550

500

1000

1500

2000

2500

3000

3500

4000

13 3/8’ Casing

Wiper Trip

Rig Repair (TDS)

M/U PDC Bit

Drill 17 1/2” Section

7’ Casing

9 5/8’ Casing9 5/8’ Casing

Change Bit

0 5 10 15 20 25 30 35 40 45 50 550

500

1000

1500

2000

2500

3000

3500

4000

Der

inlik

(m)

Zaman (Gün)

Gerçekleşen

13 3/8’ Casing

Bit Change

Wiper trip

Wiper trip

Wiper trip 7’ Casing

0 5 10 15 20 25 30 35 40 45 50 550

500

1000

1500

2000

2500

3000

3500

4000

Dep

th (m

)

Time (Day)

Actual

Drilling in slide mode

Wiper Trip

Change BHA

13 3/8" Casing

7’ Casing

9 5/8’ Casing9 5/8’ Casing

Wiper Trip

Wiper Trip

52

ANNUAL REPORT, 2015

DRILLING RIGS

WORKOVER RIGS

RIG HP CAPACITY(m) REGION PROJECT

F200/10 1350 4000 TURKEY GURMAT GEOTHERMAL DRILLING

F200/11* 1350 4000 TURKEY GURMAT GEOTHERMAL DRILLINGF320/5* 2000 6210 TURKEY MASPO GEOTHERMAL DRILLING

NOV1500/90 1500 5000 IRAQ IRAQ/ RUMAILA DRILLING

NOV1500/97 1500 5000 IRAQ IRAQ/ RUMAILA DRILLING

*AC Top Drive System Mounted.

RIG HP CAPACITY(m) REGION PROJECT

IDECO 4 350 4500 TURKEY TP ADIYAMAN WORKOVER

IDECO 5 350 4500 TURKEY TP BATMAN WORKOVER

IDECO 6 350 4500 TURKEY TP BATMAN WORKOVER

IDECO 7 350 4500 TURKEY TP BATMAN WORKOVERIRI100/1 425 4500 TURKEY STANDBY ON AEGEAN BASE

IRI100/2 425 4500 TURKEY STANDBY ON AEGEAN BASE

RIGS WE OPERATE

RIGS WE OPERATE

53

ANNUAL REPORT, 2015

F 320/5 DRILLING RIG

TPIC’s RIG INVENTORY

Rig Type Land RigBrand/Model UPETROM/F320Drilling Capacity 6200 meter (with 4 ½” DP)DP Stand Type TripleMonkey Board Height 25,5 meterMax. Hook Load Capacity 320 m tonDrawworks Power 2000 HP

Max. Line Pull 38 m tonTop Drive Brand/Model NOV/HPT-500-2E-AC

Type Electrical Load Capacity 500 m ton

Swivel Brand/Model UPETROM/CH400Load Capacity 400 m ton

Travelling Block Brand/Model UPETROM/MC400Load Capacity 400 m ton

Crown Block Brand/Model UPETROM/GF400Load Capacity 400 m ton

Rotary Table Opening Dia. 27,5 inchMast Height 43,9 meterFree Height Under Rotary Table 6,7 meterGenerators Generator 1 CAT 3412STA 640 kW

Generator 2 CAT 3412STA 720 kWTotal 1360 kW

Mud Pumps Pump 1 Brand/Hp UPETROM 2PN1258/1258 HPPump 2 Brand/Hp UPETROM 2PN1258/1258 HPPump 3 Brand/Hp UPETROM 2PN1258/1258 HP

Mud Tanks Sand Trap Tank 70 bblTransfer Tank 400 bblSuction Tank 400 bblStorage Tank 200 bblHopper Tank 200 bblTotal 1270 bbl

Mud Cleaning System Shale Shaker 2 ea MI Swaco/Mongoose PT2Mud Cleaner HARRISBURG/MC800 Poor Boy Degasser UPETROM

Well Control Equipment Annular BOP OkDouble Ram BOP OkSingle Ram BOP OkMud Cross OkChoke and Kill Line Manifold OkFlare Line OkClosing Unit Ok

54

ANNUAL REPORT, 2015



Rig Type Land Rig

Brand/Model UPETROM/F200

Drilling Capacity 4000 meter (with 4 ½” DP)

DP Stand Type Triple

Monkey Board Height 25,5 meter

Max. Hook Load Capacity 200 m ton

Drawworks Power 1350 HPMax. Line Pull 25 m ton



Crown Block Brand/Model UPETROM/GF300 Load Capacity 300 m ton

Rotary Table Opening Dia. 27,5 inch

Mast Height 41,76 meter

Free Height Under Rotary Table 5 meter

Generators Generator 1 CAT C-18/460 kWGenerator 2 CAT C-18/460 kWTotal 920 kW

Mud Pumps Pump 1 Brand/Hp UPETROM 2PN1258/1258 HPPump 2 Brand/Hp UPETROM 2PN1258/1258 HPPump 3 Brand/Hp UPETROM 2PN700/700 HP

Mud Tanks Sand Trap Tank 80 bblTransfer Tank 200 bblSuction Tank 400 bblStorage Tank 400 bblHopper Tank 200 bblTotal 1280 bbl

Mud Cleaning System Shale Shaker 2 ea MI Swaco/Mangoose Shale Shaker

Mud Cleaner HARRISBURG/MC800 Well Control Equipment Annular BOP Ok

Double Ram BOP OkSingle Ram BOP OkMud Cross OkChoke and Kill Line Manifold OkFlare Line OkClosing Unit Ok

55


ANNUAL REPORT, 2015TPIC’s RIG INVENTORY

Rig Type Land RigBrand/Model UPETROM/F200Drilling Capacity 4000 meter (with 4 ½” DP)DP Stand Type TripleMonkey Board Height 25,5 meterMax. Hook Load Capacity 200 m tonDrawworks Power 1350 HP

Max. Line Pull 25 m tonTop Drive Brand/Model VARCO TDS-10SA

Type ElecticalLoad Capacity 250 m ton



Crown Block Brand/Model UPETROM/GF300 Load Capacity 300 m ton

Rotary Table Opening Dia. 27,5 inch


Free Height Under Rotary Table 5 meter

Generators Generator 1 CAT 3512/1300 kWGenerator 2 CAT 3512/1300 kWTotal 2600 kW

Mud Pumps Pump 1 Brand/Hp BOMCO F1600/1600 HPPump 2 Brand/Hp BOMCO F1600/1600 HPPump 3 Brand/Hp UPETROM 2PN700/700 HP

Mud Tanks Sand Trap Tank 70 bblTransfer Tank 200 bblSuction Tank 600 bbl Storage Tank 400 bbl Hopper Tank 200 bblTotal 1470 bbl

Mud Cleaning System Shale Shaker 3 ea MI Swaco/ALS IIMud Cleaner HARRISBURG/MC800

Well Control Equipment Annular BOP OkDouble Ram BOP OkSingle Ram BOP OkMud Cross OkChoke and Kill Line Manifold OkFlare Line OkClosing Unit Ok

56

NOV 1500/90 DRILLING RIG

ANNUAL REPORT, 2015 TPIC’s RIG INVENTORY

Rig Type AC (ELECTRICAL) LAND RIGBrand/Model NOV 1500 / IDEAL RIGDrilling Capacity 4.500 meter (with 5” DP)DP Stand Type StandMonkey Board Height 25,27-27,10 m (Adjustable)Max. Hook Load Capacity 506 m tonDrawworks Power 1800 HP

Max. Line Pull 36 m tonTop Drive Brand/Model NOV / TDS-11SA

Load Capacity 500 m tonTravelling Block Brand/Model NOV / YC450-2

Load Capacity 506 m tonCrown Block Brand/Model NOV / TC340

Load Capacity 340 m tonRotary Table Opening Dia. 37,5 inch


Free Height Under Rotary Table 7,62 meter

Generators Generator#1 CATERPILLAR 3512C / 1500 kW (max rating)

Generator#2 CATERPILLAR 3512C / 1500 kW (max rating)


Total 4500 kW (max rating)

Mud Pumps Pump#1 NOV 12 P 160 / 1600 HP

Pump#1 NOV 12 P 160 / 1600 HP

Mud Tanks Sand Trap Tank 670 bbl (115+152+121+121+161)

Suction Tank 645 bbl (232+136+156+121)

Hopper & Storage Tank 685 bbl

Total 2000 bbl

Mud Cleaning System Shale Shaker (2) x King Cobra Venom Linear Motion ShakerMud Cleaner -

Desander (1) x Branth DSN-3V-10CTX

Desilter (1) x Branth DSLR-20GG-4CTX

Well Control Equipment Ann. BOP SHAFFER, 13 5/8” X 5M

D Ram BOP SHAFFER - LXT, 13 5/8” X 10M

Sng. Ram BOP SHAFFER - LXT, 13 5/8” X 10M

Mud Cross (1) x 4-1/16” X 10.000 WP, (3) 4-1/16” X 10.000 WPChoke and Kill Line Manifold (1) 4-1/16” X 10.000 WP (each)Flare Line Ok

Closing Unit SARA BOP CONTROL SYSTEM, 3000 PSI WP

57

ANNUAL REPORT, 2015

NOV 1500/97 DRILLING RIG


Rig Type AC (ELECTRICAL) LAND RIGBrand/Model NOV 1500 / IDEAL RIGDrilling Capacity 4.500 meter (with 5” DP)DP Stand Type StandMonkey Board Height 25,27-27,10 m (Adjustable)Max. Hook Load Capacity 506 m tonDrawworks Power 1800 HP

Max. Line Pull 36 m tonTop Drive Brand/Model NOV / TDS-11SA

Load Capacity 500 m tonTravelling Block Brand/Model NOV / YC450-2

Load Capacity 506 m tonCrown Block Brand/Model NOV / TC340

Load Capacity 340 m tonRotary Table Opening Dia. 37,5 inch



Generators Generator#1 CATERPILLAR 3512C / 1500 kW (max rating)



Total 4500 kW (max rating)

Mud Pumps Pump#1 NOV 12 P 160 / 1600 HP

Pump#1 NOV 12 P 160 / 1600 HP

Mud Tanks Sand Trap Tank 670 bbl (115+152+121+121+161)

Suction Tank 645 bbl (232+136+156+121)

Hopper & Storage Tank 685 bbl

Total 2000 bbl

Mud Cleaning System Shale Shaker (2) x King Cobra Venom Linear Motion Shaker

Mud Cleaner -Desander (1) x Branth DSN-3V-10CTX

Desilter (1) x Branth DSLR-20GG-4CTX

Well Control Equipment Ann. BOP SHAFFER, 13 5/8” X 5M

D Ram BOP SHAFFER - LXT, 13 5/8” X 10M

Sng. Ram BOP SHAFFER - LXT, 13 5/8” X 10MMud Cross (1) x 4-1/16” X 10.000 WP, (3) 4-1/16” X 10.000 WPChoke and Kill Line Manifold (1) 4-1/16” X 10.000 WP (each)Flare Line OkClosing Unit SARA BOP CONTROL SYSTEM, 3000 PSI WP

58

ANNUAL REPORT, 2015

IRI 100/1-2 WORKOVER RIGS


Rig Type Mobile Rig

Brand/Model IRI INTERNATIONAL/100

Workover Capacity 4500 meter (with 2 7/8” tubing)

DP Stand Type Double

Monkey Board Height 16,7 meter

Drawworks Power 475 HP

Max. Line Pull 18,6 m ton

Swivel Brand/Model IDECO/IRI TL-120-CS

Load Capacity 120 m ton

Power Swivel Brand/Model King Oil/15PS


Travelling Block Brand/Model UTB 110-4-24


Rotary Table Opening Dia. 12 inch



Generators Generator 1 CAT 3406/225 kW

Generator 2 CAT 3406/225 kW

Total 450 kW

Mud Pumps Pump 1 Brand/Hp GARDNER-DENVER TGH/400 HP

Pump 2 Brand/Hp GARDNER-DENVER PAH/310 HP

Mud Tanks Total 1000 bbl

Well Control Equipment Annular BOP Ok

Double Ram BOP Ok

Single Ram BOP Ok

Mud Cross Ok

Choke and Kill Line Manifold Ok

Flare Line Ok

Closing Unit Ok

60

The Gasoil Trade in the Domestic MarketBetween 2009-2013, TPIC supplied gasoil from the international market to the distribution companies in the domestic market, on behalf of its subsidiary TPPD. Within this context, approximately 572.000 tons of gasoil was sold.

Electricity Authority of Northern Cyprus (KIB-TEK) Fuel-Oil TradeElectricity Authority of Northern Cyprus (KIB-TEK) producing some part of its electricity from its power plant, supplies the fuel oil from the foreign market. TPIC, won the fuel oil tender, which was the most significant tender of both KIB-TEK and TRNC on 15 October 2009. Within the scope of the tender, from 8 November 2009 to 13 January 2016, TPIC shipped approximately 1.141 million tons of fuel oil with 140 cargoes to TRNC Teknecik Terminal from TUPRAS ( Aliaga and Korfez) Facilities. The total endorsement of the project is 621.500.000 USD.


KIB-TEK FUEL OIL DELIVERY SINCE 2012

200.000

100.000

02012 2013 2014 2015

199.503168.331 165.228

194.621

PETROLEUM & PETROLEUM PRODUCTS TRADEANNUAL REPORT, 2015

61

Libya NOC (National Oil Company) Crude Oil TradeWithin the scope of the contract on “crude oil purchase&sale” signed between TPIC and NOC in January 2013; 10 cargo shipments were agreed, 4 of which were assured and 6 of which would be optional depending on the export capacity, and each cargo consists of 600.000 barrels. The first cargo was shipped in April 2013. Due to the domestic disorder in the counrty and the instability of Libyan crude oil supply, disruptions occur on new shipments. Negotiations continue between the parties for resolving such problems.

Bangladesh Gasoil TradeTurkish Petroleum International Company(TPIC) and Bangladesh Petroleum Corporation(BPC) signed “ gasoil purchase & sale contract” in December 2014. BPC concluded the negotiations with governmental companies on imports of oil products during first half of 2015 with 10 companies, such as Malaysia’s PETRONAS, Philippines’ PNOC, Emirates’ ENOC, Vietnam’s Petrolimex, etc., including Turkey’s TPIC for the first time. In this context, TPIC successfully shipped 62.460 tons of gasoil %0.05 (500 ppm) to BPC in 2015. Through this initiative, TPIC aims at increasing its activities in Southeast Asia market. BPC has decided to purchase some part of the cargoes via tendering procedure in 2016. Within this scope, TPIC decided to supply up 60.000 tons of gasoil to BPC, 30.000 tons of which would be guaranteed and 30.000 tons of which would be optional.

BANGLADESH GASOIL DELIVERY IN 2015

35.000

30.000

25.000

20.000

15.0001st Cargo (May 2015) 2nd Cargo (October 2015)

PETROLEUM & PETROLEUM PRODUCTS TRADE ANNUAL REPORT, 2015

32.931 29.529

62

ANNUAL REPORT, 2015

Venezuela Petcoke TradeUnder the guidance of Republic of Turkey Ministry of Energy and Natural Resources, TPIC started negotiations with Venezuela State Company PDVSA and signed a good-will agreement in 2015 for the purpose of business development in terms of petcoke and petroleum products trade.

Iraq Crude Oil and Petroleum Products TradeTPIC launched petroleum products trade with Iraq in 1999. Petroleum products supplied from TUPRAS and international market were delivered to Iraq Petroleum Marketing Company (SOMO) via land and railway shipments. Between 1999-2002, 1.8 million tons of petroleum products brought to TPIC/Habur plant from Iraq were sold to the national fuel oil distribution companies. In addition, between 2000-2003, 5.4 million tons of crude oil was sold to Tüpras via sea shipment after it was brought by TPIC from Iraq through land shipment. Between 2003 and 2010, TPIC traded 1.9 million petroleum products, fuel-oil and gasoil in total. Until today, 9 million tons of crude oil and petroleum products trade was realized. As an important actor in the region, TPIC’s attempts for new projects in Iraqi trade market are on the agenda.

Iraq crude oil and petroleum products trade between 1999-2010 is given as follows:


Iraq-Habur Gasoil Trade November 1999 - September 2002 1.8 Million Tons

Iraq Crude Oil Trade June 2000 - February 2003 5.4 Million Tons

Iraq Petroleum Products Trade November 2003 - April 2007 1.4 Million Tons

Iraq Fuel Oil Trade March 2008 - April 2009 327 Thousand Tons

Iraq Gasoil Trade January 2010 - December 2010 100 Thousand Tons

YEAR QUANTITYPROJECT

64

OCCUPATIONAL SAFETY & ENVIRONMENTAL PROTECTION

Quality management system is used for increasing service or product quality of the institutions. The firms, which desire

to prove that they maintain the quality, make their established quality system supervised and certified. Commonly

used worldwide, ISO 9001 Quality Management System determines how the firms rely on specified requirements.

TPIC conducted significant quality practices within the company and consequently, it was awarded with the ISO 9001

Quality Management System Certificate as the single company operating in the areas of oilfield, geothermal field

services and petroleum and petroleum products trade. The positive outcomes of this system is proved by the TOPSIS

(Technique for Order Preference by Similarity to Ideal Solution) Technique. According to TOPSIS technique results,

there is a considerable improvement in the company’s performance compared to 2012 and ensuing years.

Quality Management System

OCCUPATIONAL SAFETY & ENVIRONMENTAL PROTECTIONANNUAL REPORT, 2015

65

OCCUPATIONAL SAFETY & ENVIRONMENTAL PROTECTION

In order to show concrete evidence, we used TOPSIS (Technique for Order Preference by Similarity to Ideal Solution),

which is one of the Multiple Criteria Decision Making methods:

0,8

0,6

0,4

0,2

02012 2013 2014 2015

C*

TOPS

IS S

core

: C*

Years

ANNUAL REPORT, 2015

According to the chart, since 2013, in which ISO 9001 System has been conducted, we’ve seen a positive progress every year. The positive tendency is expected to increase in the forthcoming years.

TOPSIS ANALYSIS

66

OH&S MANAGEMENT SYSTEM MODEL FOR THIS OHSAS STANDARD

Management Review

OH & S Policy

Implementation and Operation

Checking and

Corrective Action

Continual Improvement

Planning

Being one of the leading players of the drilling sector and adopting “occupational health and safety” concept as a cultural attitude and course of action, TPIC was awarded with “TS 18001 (OHSAS 18001) Certificate” by the Turkish Standards Institute (TSE).

Because of the employment-industrial accidents and their negative outcomes lately, occupational health and safety issue has become more important while creating awareness in the society. This concept, OHSAS, is the case of which practices and investigations for employees are protected by regulations and law.

The risk analyses realized by TPIC within the scope of OHSAS 18001 Occupational Health and Safety studies, have proved the importance of occupational health and safety issue. For the prevention of workplace injuries and occupational illnesses, awareness was created among the personnel. On the basis of relevant studies, TPIC personnel were also included in these practices.

Relevant practices both reduce the risk of emerging accidents and occupational illnesses and create awareness among the personnel in terms of occupational health and safety.

Occupational Health & Safety Management System

ANNUAL REPORT, 2015 OCCUPATIONAL SAFETY & ENVIRONMENTAL PROTECTION

67

Monitoring and Review (Article 5.6)

Communication and Consultation (Article 5.5)

Design of Framework for Managing Risk(Article 4.3)

Risk Analysis (Article 5.4.3)

Framework (TS IS0 31000: Article 4)

Process (TS IS0 31000: Article 5)

Risk Evaluation(Article 5.4.4)

Risk Treatment (Article 5.5)

Risk Identification (Article 5.4.2)

Establishing the Context

(Article 5.3)

Monitoring and Review of the Framework(Article 4.5)

Implementing Risk Management(Article 4.4)

Continual Improvement of the Framework(Article 4.6)

Mandate and Commitment(Article 4.2)

Overview to risk definition and risk assessment process

ANNUAL REPORT, 2015OCCUPATIONAL SAFETY & ENVIRONMENTAL PROTECTION

68

CERTIFICATES

CERTIFICATES

ANNUAL REPORT, 2015

69

CERTIFICATES ANNUAL REPORT, 2015

70

ANNUAL REPORT, 2015 COMPANIES WE COLLABORATE

COMPANIES WE COLLABORATE

SİS ENERJİ ÜRETİM A.ŞTURKISH PETROLEUM

71

COMPANIES WE COLLABORATE ANNUAL REPORT, 2015

BANGLADESH PETROLEUMCORPORATION

72

REFERENCESANNUAL REPORT, 2015

REFERENCES

73

REFERENCES ANNUAL REPORT, 2015

75

C O R P O R A T EC O M M U N I C A T I O N

76

ANNUAL REPORT, 2015 STORY OF THE NEW LOGO

Keeping up with the dynamics in the globalized world, TPIC renewed its corporate vision and strategy. After this renewal, TPIC also changed its

company logo in 2014. There are certain reasons causing companies to change their logos: globalization of relevant companies or companies’ aim

to become more active in foreign markets, companies’ aim to increase their brands perception, companies’ merger, acquisition or partnership.

Soon after being transferred to BOTAS, in order to strengthen its sectoral brand perception related to its domestic and foreign acitivities and to

reflect TPIC’s real image in the international markets, TPIC changed its logo. Within this direction, in order to ensure that TPIC carries its logo to

the future and continues as a brand maintaining its corporate structure, “Corporate Identity Work” was finalized. TPIC aims to be an integrated

company, which creates value in the energy sector through its domestic and foregin projects realized together with its brand value.

STORY OF THE NEW LOGO

1988 - 1997 1997 - 2014 2014

TURKISH PETROLEUM INTERNATIONAL COMPANY

77

ANNUAL REPORT, 2015

The uniquely designed form of “T” and “P” characters were inspired by “sucker rod” symbol.

The typography of TP characters decribes a target oriented, assertive and dynamic figure.

“I” character was inspired by a “drilling rig”, which directly emphasizes the petroleum industry.

The form of the rig and lines in the logo emphasize TPIC’s progressive structure and experience in its 28th year in the energy sector.

Turquoise , which is the universal color of Turks, was used in order to create the “Turkish Company” perception in the international arena.

The “T” and “C” characters seen in the white area are associated with the abbreviation of Turkish Republic’s (T.C.).

The line below the logo symbolizes TPIC’s continuous improvement.

TURQUOISE

STORY OF THE NEW LOGO

78

ANNUAL REPORT, 2015 CORPORATE IDENTITY GUIDELINE

CORPORATE IDENTITY GUIDELINE

79

CORPORATE IDENTITY GUIDELINE ANNUAL REPORT, 2015

80

ANNUAL REPORT, 2015 THE BOOK “PETROLEUM IN THE OTTOMAN ERA”

The Book“Petroleum in the Ottoman Era”

States draw their strength from history. The culture and civilization

that they pass on to humanity underpin this strength. The preservation

of this strength would only be possible through adopting, improving

their own culture and bringing it to the future. One of the subjects that

leaves its mark on societies is petroleum. Petroleum, which has gone

through different periods through the human history and influenced

interstate relations, is expected to increase its importance within the

next years. Within this context, as an energy company that has the

responsibility towards contributing to our history, TPIC published the

book “Petroleum In the Ottoman Era” in memory of its 25th anniversary.

Compiled among hundreds of Ottoman Archive documentary, this

book includes many topics, such as petroleum’s place and importance

in the Ottoman territories, our ancestors’ attitudes in following the oil

sector developments particularly after 19th century, and initiatives of

Western States in the petroleum regions that were within the borders

of Ottoman territory.

While publishing this book, TPIC targeted to remove relative bias,

impertfect or incorrect information towards this subject, and aimed

at providing exact and useful information based on Ottoman Archive

documentary to sector employees and relevant readers as well as

researchers, academics and students.

80

A Valuable and Permanent Work in Memory of TPIC’s 25 th Anniversary...

81

ANNUAL REPORT, 2015THE BOOK “PETROLEUM IN THE OTTOMAN ERA”

82

Total Assets (million USD)

Total Shareholders’ Equity (million USD)

ANNUAL REPORT, 2015



2000

1500

1000

500

0

1600

1400

1200

1000

800

600

400

200

0 2010 2011 2012 2013 2014 2015

2010 2011 2012 2013 2014 2015

371

218

467551

472,6

227 261

905

1.417

380,75

986

1.502

Years

Years

83

Mil.USD 2010 2011 2012 2013 2014 2015

Current Ratio % 1,87 1,49 1,46 14,10 20,29 9,3

Acid-Test Ratio % 1,81 1,47 1,44 13,88 19,96 9,1

Cash Ratio % 0,19 0,11 0,28 9,52 5,63 5,3

FINANCIAL INDICATORS ANNUAL REPORT, 2015

General Administrative Expenses (million USD)

Years

2010 2011 2012 2013 2014 2015

876543210

6,4

5,2

6,7 6,67,1 7,3

Profit Per Employee (thousand USD)

2010 2011 2012 2013 2014 2015

30025020015010050

0

88,79124,54

183,92

245,61 240,9

133,64

Years

84

ANNUAL REPORT, 2015 FINANCIAL INDICATORS

Net Profit 13 Times

Paid Capital* 11 Times

Total Geothermal Drilling 5 Times

Total Crude Oil Production 6 Times

Profit Per Employee 11 Times

Comparing 2009 to 2015

*In 2016, TPIC’s paid capital was increased by 150 million USD.

85

TPIC’s Paid Capital By Year

ANNUAL REPORT, 2015

Independent audit service was provided by Deloitte.


• Between 2009 and 2016, TPIC’s paid capital was increased from 150 million USD to 1.65 billion USD.

Year Paid Capital (USD)

2009 150.000.000

2010 150.000.000

2013 500.000.000

2014 1.000.000.000

2015 1.500.000.000

2016 1.650.000.000

86

ANNUAL REPORT, 2015

CONTACT

CONTACT

Jersey Office1st Floor, Kensington Chambers, 46/50 Kensington Place, St. Helier, Jersey, JE4 0ZE CHANNEL ISLANDS +44 1534 755155 +44 1534 755170

Iraq OfficePalestine Hotel, 6th Floor, Baghdad - IRAQ +964 771 1033313

Kazakhstan OfficeAbilkayyr-Khan Avenue No:46 Aktobe - KAZAKHSTAN +7 7132 564431 +7 7132 542708

Colombia OfficeCra 7# No. 113 - 43 Torre Samsung Oficiana 1104 Bogota - COLOMBIA +57 1 7045619

Azerbaijan OfficeC.Cabbarli 44 Caspian Plaza 3, 10th Floor Baku - AZERBAIJAN +994 124 924 798

Georgia OfficeD.Agmashenebeli Ave.130,0102 Tbilisi - GEORGIA +995 32 295 86 32 / 294 11 01

Ankara Head OfficeSogutozu Caddesi. No: 27 06520Cankaya / Ankara - TURKEY +90 312 285 44 55 +90 312 285 38 09 [email protected]

Istanbul OfficeIDTM A.S. Yesilkoy Mah.Ataturk Cad. A1 BlokKat 11. No: 364 Yesilkoy 34149 Istanbul - TURKEY +90 212 465 75 96 +90 212 465 75 94

İdemania reklam ajansı - tpic · İdemania reklam ajansı. 3 turkish petroleum international...

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