TransAtlantic Petroleum Ltd. is an oil and natural gas company based in Addison, Texas, involved in the acquisition, exploration, development, and production of energy resources. The company operates primarily in Turkey and Bulgaria, holding interests in multiple onshore exploration licenses and production leases. As of the end of 2019, it controlled approximately 436,388 net acres in Turkey, with proved reserves amounting to over 10 million barrels of oil and 2.5 billion cubic feet of natural gas. Additionally, it possesses a production concession covering about 162,800 net undeveloped acres in Bulgaria. Founded in 1985, TransAtlantic Petroleum aims to develop assets with established production potential in regions offering favorable fiscal conditions. The company was taken private in December 2020.
Stream Oil & Gas Ltd., through its subsidiary Stream Oil & Gas (CI) Ltd., focuses on the exploration, development, and production of oil and gas properties, primarily in Albania. The company holds interests in three onshore heavy oil fields: Cakran-Mollaj, Ballsh-Hekal, and Gorisht-Kocul. Additionally, it has interests in the Delvina gas and condensate field, as well as the Delvina gas/condensate block. Headquartered in Calgary, Canada, Stream Oil & Gas operates as a subsidiary of GBC Oil Company Ltd.
Thrace Basin Natural Gas Türkiye Corporation is involved in the exploration and production of natural gas in Turkey. Founded in 1984 and headquartered in Cankaya, the company also manages its own natural gas reserves. As of February 2017, it operates as a subsidiary of Valeura Energy Netherlands B.V., having previously been a subsidiary of TransAtlantic Worldwide, Ltd. Through its activities, the company plays a significant role in the natural gas sector within the region.
Direct Petroleum Bulgaria
Acquisition in 2011
Direct Petroleum Bulgaria Limited owns oil and gas exploration properties, licences, and permits. The company is based in Sofia, Bulgaria.
Incremental Petroleum Pty
Acquisition in 2009
Incremental Petroleum Pty Ltd explores and produces oil and gas properties in Turkey and internationally. It holds interest in the Selmo oilfield and the Edirne gas field located in Turkey. The company also holds interests in three oil and gas projects in the San Joaquin Basin in California.
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