TransAtlantic Petroleum

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.