Approach
Mission Statement
TransAtlantic Petroleum is committed to utilizing North American technology to prove, define, and develop resource play potential and deliver growth for its shareholders.
TransAtlantic is applying North American technologies and practices to underdeveloped reserves in Turkey. The Company has a balanced portfolio of oil and natural gas and expects to have meaningful production growth from development drilling and exploration. TransAtlantic’s technical team is experienced in horizontal drilling and hydraulic fracturing. The use of 3D seismic data is resulting in a deeper understanding of the basins where the Company operates. We invite you to learn more about our strategy in Turkey.
TransAtlantic is applying North American technologies and practices to underdeveloped reserves in Turkey. The Company has a balanced portfolio of oil and natural gas and expects to have meaningful production growth from development drilling and exploration. TransAtlantic’s technical team is experienced in horizontal drilling and hydraulic fracturing. The use of 3D seismic data is resulting in a deeper understanding of the basins where the Company operates. We invite you to learn more about our strategy in Turkey.
Exploration
- Prioritize opportunities and execute a balance of near-term and longer-term projects to maximize potential.
- Acquire assets with known production or verifiable show wells.
- Work in countries with favorable fiscal terms where we earn world market prices.
- Turkey
- 12.5% royalty, no production tax
- VAT exempt on exploration licenses, refunded on production leases
- Oil: Brent less $3-5, Natural gas: +/- $7/mcf
- Currently produces less than 5% of oil and gas consumed
Development
- Pursue projects that will permit development from existing cash flow, without the need to tie up excessive capital building reserves.
- Maximizing returns by reducing drilling and operating costs by efficient drilling practices, planning for scale, and partnering out risk.
- Utilize modern technology developed in the U.S. in relation to seismic, horizontal drilling, and stimulation to enhance and commercialize production.