Park Place Energy

Name

Park Place Energy

Legal name

Park Place Energy Turkiye Limited

Website

https://parkplaceenergy.com

Company type

Private

Founded year

2015

Operating status

Acquired

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration & Production

NAICS

Crude Petroleum Extraction (21112)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382), Oil Royalty Traders (6792)

akta.pro primary industry

Mineral Rights, Leasing & Land Management (EUALAAAB)

akta.pro secondary industry

Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG)

Keywords

• Oil exploration
• Natural gas production
• Upstream oil gas
• Oil block development
• Energy exploration

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Others

Core offering

Park Place Energy is an upstream oil and gas exploration and production company focused on Turkish assets. Its core offering centers on a 29% working interest in the M47 Oil Exploration Block in Southeast Turkiye's Cudi-Gabar province, situated near Turkiye's largest onshore oil discovery and high-producing neighbouring fields. The company previously held the South Akcakoca Sub-Basin natural gas project and the Cendere oil field via its Turkish subsidiary, which were divested in April 2026.

Product overview

Park Place Energy operates as an oil and gas exploration and production company with assets in Turkey. The company previously held interests in the South Akcakoca Sub-Basin natural gas project and the Cendere oil field through its Turkish subsidiary Park Place Energy Turkiye Limited. These assets were subsequently sold to Park Place Energy Holdings Inc., with Trillion Energy retaining a 7% Gross Overriding Royalty on future production. The remaining core asset is the M47 Oil Exploration Block in Southeast Turkiye's Cudi-Gabar province, where the company holds a 29% working interest for oil exploration and production.

Differentiator

Problem solved

Functional benefit

Products and services

• M47 Oil Exploration Block Oil exploration block located in Southeast Turkiye's Cudi-Gabar province. Park Place Energy holds a 29% working interest in this block, situated 12 km from Turkiye's biggest onshore oil discovery and in proximity to neighbouring fields that reached 81,000 boe/d production.
• South Akcakoca Sub-Basin Natural Gas Project Natural gas project located in the South Akcakoca Sub-Basin in Turkey. This asset was held through the Park Place Energy Turkiye Limited subsidiary before being sold in April 2026 as part of a divestiture.
• Cendere Oil Field Mature oil field asset in Turkey held through the Park Place Energy Turkiye Limited subsidiary. The asset was sold in April 2026, with Trillion Energy retaining a 7% Gross Overriding Royalty on future production revenues once cumulative gross revenues exceed $7.5 million.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights3 records

Direct peers

• Valeura Energy Inc. Canadian-listed small-cap E&P with a focused operating position in onshore Turkey (Thrace Basin gas). Comparable as a foreign small-cap operator running a single-country Turkey-focused upstream business.
• TransAtlantic Petroleum Ltd. Small-cap E&P with legacy Turkish operations (now divested) and a similar profile of holding minority working interests in country-specific upstream assets. Comparable for the small-cap, single-region exploration-development model.
• Genel Energy plc: Mid-cap E&P historically focused on the Kurdistan Region of Iraq and now expanding across Turkey. Comparable as a foreign-listed upstream company operating in Turkish-adjacent hydrocarbon provinces with similar regulatory and security profile.
• Zenith Energy Ltd. Small international E&P with operating exposure in Turkey and the surrounding region, focused on redevelopment of mature fields and unconventional plays. Comparable as a small foreign operator navigating Turkish regulatory and operational conditions.
• Trillion Energy International Inc. Direct parent and operating partner on the M47 block, holding the underlying 29% working interest earn-in. Park Place's economics are entirely a function of Trillion's SE Turkiye program, making Trillion the most direct comparable.

Broad incumbents

• Perenco: Privately-held international upstream operator with a global portfolio including Turkish interests. Comparable as an experienced foreign E&P active in Turkish offshore and onshore acreage with a similar working-interest-based business model.
• Turkish Petroleum Corporation (TPAO): Turkey's national oil company, dominant operator across Turkish basins including SE Turkiye. Comparable as the principal counterparty/competitor for any foreign operator in the region and a benchmark for asset value in Cudi-Gabar-style plays.
• Equinor ASA (Turkey operations): Global supermajor with historical exploration positions in Turkey. Comparable at the country/geology level though far larger and more diversified; serves as a benchmark for institutional entry into Turkish offshore and onshore acreage.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/park-place-energy-corp-pkpl-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Park Place Energy