The oil exploration license period of TPAO in a province has been extended

TPAO secured an extension of its oil exploration license in Mardin, Turkey, pushing the permit's validity through October 22, 2028. The state-owned producer did not disclose financial terms or the size of the acreage covered by the renewal. The decision keeps TPAO's exploration rights active in a southeastern province bordering Syria and Iraq, preserving optionality in a region where the company has historically targeted conventional oil. Turkey's upstream sector remains dominated by TPAO, making license continuity a signal of the government's longer-term drilling plans. Watch for TPAO's subsequent exploration commitments and any farm-in or partnership announcements covering the Mardin block.