Aladdin Middle East Ltd.

What Aladdin Middle East Ltd. does

Aladdin Middle East Ltd. is a privately held, family-owned Turkish petroleum company engaged in oil exploration, development, and production. Founded in 1959 and headquartered in Ankara, Turkey, the company has operated continuously for over 65 years in the Turkish upstream sector. Its operations are run from a single headquarters office, with international contact points in the US and UK, and the company maintains an executive leadership team led by Chairman Cem Sayer (Yönetim Kurulu Başkanı).

The company's core business is the operation of eight named oil fields across Turkey, including Altınakar-Başaklı, Petek, Arpatepe, Reşan, Karakilise, Zeynel, Oymantepe (Doğu Sadak), and Bartın. It owns two drilling rigs — the AME-101 exploration rig and the AME-201 WO workover rig — which support both its own production operations and contract drilling services. Its strategic priorities are explicitly stated as building a long-term project inventory, increasing production, and identifying new opportunities, leveraging experienced regional domain expertise and owned drilling assets.

The business model is B2B enterprise field sales: AME generates revenue from oil exploration, development, and production projects, supplemented by contract drilling services for partners, including a March 2025 contract with Çalık Petrol for the Taşbalta-1 well. Pricing is not publicly disclosed and is contracted on a project basis. The customer base is concentrated in the Turkish oil and gas vertical, with no named end-customer logos disclosed. The company is family-controlled with no disclosed institutional investors, funding rounds, or parent entity.

Name

Aladdin Middle East Ltd.

Legal name

Aladdin Middle East Ltd.

Website

https://ame.com.tr

Company type

Private

Founded year

1959

Operating status

Operating

Headcount range

51–100 employees

Short description

Aladdin Middle East Ltd. is a family-owned Turkish oil exploration, development, and production company founded in 1959, operating eight oil fields and two drilling rigs across Turkey. It serves the Turkish petroleum sector with B2B contract drilling and operated production assets.

Ownership category

akta.pro rank

Product category

Upstream Oil & Gas Exploration and Production

NAICS

Crude Petroleum Extraction (21112), Support Activities for Oil and Gas Operations (213112), Drilling Oil and Gas Wells (213111)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Drilling & Well Construction (E&P Operator-led) (EUALAAAD)

akta.pro secondary industries

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH), Drilling & Workover Rigs (Land & Offshore) (EUALABAA)

Keywords

• Oil exploration services
• Upstream petroleum production
• Drilling rig operations
• Workover well services
• Oil field development

Headquarters

HQ city

Ankara

HQ country

Türkiye

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Oil Exploration and Production: Revenue generated from oil exploration, development, and production projects. The company operates multiple oil fields in Turkey including Altınakar-Başaklı, Petek, Arpatepe, Reşan, Karakilise, Zeynel, Oymantepe (Doğu Sadak), and Bartın.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Aladdin Middle East Ltd. conducts upstream oil exploration, field development, and petroleum production in Turkey using two owned drilling/workover rigs (AME-101 and AME-201 WO) across eight operated oil fields (Altınakar-Başaklı, Petek, Arpatepe, Reşan, Karakilise, Zeynel, Oymantepe/Doğu Sadak, and Bartın). The company also provides contracted drilling services to industry partners such as Çalık Petrol.

Product overview

Aladdin Middle East Ltd. is an oil exploration, development, and production company operating in Turkey for over 65 years. The company operates two drilling rigs (AME-101 Sondaj Kulesi and AME-201 WO Sondaj Kulesi) and manages multiple oil field projects including Altınakar-Başaklı, Petek, Arpatepe, Reşan, Karakilise, Zeynel, Oymantepe (Doğu Sadak), and Bartın. The company follows a business strategy focused on long-term project inventory, increasing production, and identifying new opportunities, utilizing innovative technology and expertise to find and evaluate new resources.

Differentiator

Problem solved

Functional benefit

Products and services

• AME-101 Sondaj Kulesi (Drilling Rig) Owned drilling rig asset used to deliver drilling services for oil exploration and field development in Turkey.
• AME-201 WO Sondaj Kulesi (Workover Drilling Rig) Owned workover rig asset used to provide well intervention and maintenance services supporting production from the company's oil fields.
• Oil Exploration and Production Operations (8 Turkish Oil Fields)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Çalık PetrolcoreStrategic or Co-development Partner · 21 March 2025AME signed a drilling contract with Çalık Petrol for the Taşbalta-1 well. AME is providing drilling services under this partnership for oil exploration operations.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Emerging players

• Baharküme (Bahari Energy / Park Place Energy Turkey affiliates): Group of smaller Turkish-focused upstream investors and operators. Comparable because they invest in and operate minority interests in Turkish oil fields similar in size to AME's individual fields, often partnering with the same local service providers.
• Norseman Petroleum: Smaller-scale Turkish independent focused on onshore exploration and production. Comparable because it targets similar-sized onshore Turkish oil opportunities and competes for the same operating talent and rig capacity as AME.
• Strata Energy Services: Turkey-based oilfield services company supporting upstream operators. Comparable because it serves the same Turkish oil & gas operating base as AME and competes for contract drilling and field-services work that AME also performs with its owned rigs.

Regional players

• Valeura Energy: Canadian-listed independent E&P operating heavy-oil assets in Turkey (Thrace Basin). Comparable because it produces from onshore Turkish oil fields of similar scale, faces the same regulatory environment, and pursues the same reserve-life-extension workover strategy.
• Genel Energy: UK-listed independent E&P with material operations historically in Turkish/Kurdish-region oil assets. Comparable because it pursues small-to-mid scale independent upstream production in the same broader region with similar operational economics.

Broad incumbents

• Perenco: International independent E&P with producing assets in Turkey and many other geographies. Comparable because it operates mature, onshore-heavy oil fields similar in profile to AME's Turkish fields, though at much larger diversified scale.
• Türkiye Petrolleri Anonim Ortaklığı (TPAO): Turkish state-owned national oil company and the largest E&P operator in Turkey. Comparable because it operates in the same upstream basins and competes for the same licenses, talent, and rig capacity as AME, but at vastly greater scale and breadth.

Direct peers

• Çalık Petrol: Private Turkish upstream operator that engages in exploration, development and production of oil and gas in Turkey. Comparable because it operates in the same basins and even contracted AME's drilling rig (Taşbalta-1 well) in 2025, making it both customer and a directly comparable Turkish private E&P peer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/aladdin-middle-east-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

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 Aladdin Middle East Ltd.