TPAO's oil exploration licenses in 2 provinces extended

TPAO secured an extension of its oil exploration licenses in Diyarbakır and Mardin provinces through November 24, 2028, Turkey's state-owned oil company confirmed. The renewal covers the company's existing exploration rights in both southeastern provinces, though the article did not specify the size of the licensed areas or the terms attached to the extension. The decision keeps TPAO's upstream exploration program in the region intact and avoids any lapse in its permits. It matters because TPAO is Turkey's largest exploration and production player, and continuity of its licenses supports the country's effort to curb reliance on imported oil and gas. Next, watch for drilling activity and any reserve or production updates from TPAO in the two provinces.