GYP Energy

What GYP Energy does

GYP Energy (Güney Yıldızı Petrol) is a vertically integrated Turkish oil and gas exploration and production company founded in 1998 and headquartered in Adıyaman, Turkey. The company operates one of the largest private-sector upstream portfolios in southeastern Turkey, holding approximately 384,496 acres of exploration and production license areas, with international operations spanning Iraq, Bulgaria, Egypt, and Morocco. It serves both its own concession interests and external enterprise clients—most notably Turkish state-owned TPAO (Turkish Petroleum)—through a vertically integrated service stack spanning drilling, workover, seismic acquisition, logistics, and refining.

Its core technology infrastructure comprises a fleet of 22 drilling and workover rigs (ranging from pulling units to high-specification rigs rated to 19,685 ft depth), in-house seismic acquisition capabilities via subsidiary PG-Serv, geothermal operations through Prosin Enerji, and refining capacity via Ersan Petrol. In 2025 the company commissioned Rig-22, a 2,000 hp electric drilling rig, and in October 2025 set a Turkish drilling record on TPAO's behalf using Baker Hughes Single RSS BHA technology. The company holds ISO 9001/14001/45001 certifications and is IADC-compliant.

GYP's revenue model combines production revenues from its own oil and gas concessions with B2B service contracts (drilling, workover, seismic, field services) priced on bespoke multi-year contracts. Go-to-market relies on direct enterprise relationships, industry associations (PETFORM, IPETGAS), and regulatory access via MAPEG. The company is privately held by founder Ecvet Sayer (Chairman) and Group CEO Aslan Uzun, with no external institutional investors disclosed.

Name

GYP Energy

Legal name

Güney Yıldızı Petrol Üretim, Sondaj Müteahhitlik ve Ticaret A.Ş.

Website

https://gypenergy.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

251–500 employees

Short description

GYP Energy is a vertically integrated Turkish oil and gas exploration and production company operating 22 drilling and workover rigs across 384,496 acres of concessions, primarily serving Turkish state-owned TPAO and other enterprise E&P customers in Turkey, Iraq, Bulgaria, Egypt, and Morocco.

Ownership category

akta.pro rank

Product category

Onshore Oil and Gas Drilling Services

NAICS

Oil and Gas Extraction (2111), Oil and Gas Extraction (211), Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Drilling Oil & Gas Wells (1381), Oil & Gas Field Services, Nec (1389), Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

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

akta.pro secondary industry

Hydro & Geothermal Reservoir/Wellfield Operations (Waterways, Dams, Wells, Brine Handling) (EUAMAGAI)

Keywords

• Oil and gas drilling
• Workover services
• Upstream exploration production
• Seismic data acquisition
• Onshore drilling contractor

Headquarters

HQ city

Adıyaman

HQ country

Türkiye

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Exploration and Production Operations: GYP Energy operates as a vertically integrated oil and gas E&P company, holding exploration and production licenses across Turkey's southeastern region. The company produces crude oil (e.g., Karalar-1K discovery with 41 API gravity oil from Bedinan formation) and holds significant license acreage (384,496 acres with subsidiaries).
2. Drilling and Workover Contracting Services: GYP provides full-range drilling and workover services to domestic and international E&P companies using its fleet of 21 drilling and workover rigs, crews, and equipment. Services include drilling contracting, workover and well completion, well design, cementing, mud engineering, mud logging, coring, DST testing, drill pipe inspection, seismic data acquisition, and crude oil transport.
3. Field Services: GYP provides comprehensive field services including road and location construction, and operates a 70,000 m² Diyarbakır logistics center supporting drilling and production operations.
4. Seismic Data Acquisition (PG-Serv): GYP's seismic team (PG-Serv) conducts seismic data acquisition projects for third-party E&P companies and internal exploration activities, completing 450 km of 2D seismic programs in 2022.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

GYP Energy operates as a vertically integrated onshore oil and gas exploration and production company, owning exploration and production licenses across Turkey's southeastern region while providing contracted drilling, workover, and field services to domestic and international E&P operators through a fleet of 22 rigs. The company also conducts 2D/3D seismic data acquisition under its PG-Serv brand for the petroleum, geothermal, and mining sectors.

Product overview

GYP Energy is a vertically integrated oil and natural gas exploration and production company founded in 1998, offering a comprehensive portfolio of upstream services. The company operates 22 drilling and workover rigs (Rig 1-22) for its own operations and provides contracted drilling services to domestic and international E&P companies. Its Field Services division encompasses drilling contracting, workover and well completion, drilling/production engineering, well design, road construction, drill pipe inspection, crude oil transport, cementing, mud engineering, mud logging, DST testing, and coring. The subsidiary PG-Serv provides seismic data acquisition services. GYP holds exploration and production licenses primarily in Turkey's southeastern region and has operations spanning three continents and five countries. The company recently expanded its rig fleet with Rig-22, an advanced electric drilling rig, and continues to grow its upstream contracting capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Drilling and Workover Rig Fleet Services Contracted drilling and workover services provided to domestic and international E&P operators using a fleet of 22 onshore rigs (Rig-1 through Rig-22), ranging from pulling units to high-specification electric drilling rigs capable of depths up to 21,000 ft. Designed for enterprise exploration and production companies needing high-horsepower rigs for deep onshore wells.
• Field Services Comprehensive field services including drilling contracting support, workover and well completion, drilling and production engineering, well design, road and location construction, drill pipe inspection, crude oil transport, cementing, mud engineering, mud logging, open and closed well DST testing, and coring operations. Delivered to enterprise E&P operators across onshore fields.
• PG-Serv Seismic Data Acquisition In-house seismic team branded as PG-Serv conducting 2D and 3D seismic surveys using Vibroseis and/or Dynamite energy sources for petroleum, geothermal, and mining sector exploration clients. Operates as both an internal exploration service and a contracted offering to third-party E&P and mining companies.
• Oil and Gas Exploration and Production Operations Vertically integrated oil and gas exploration and production operations across Turkey's southeastern region, leveraging 384,496 acres of exploration and production license acreage. Recent milestones include the Karalar-1K crude oil discovery (41 API gravity) and the 2024 farm-in acquisition of Derkim Poliüretan's Gabar Mountain exploration field adding 307+ km² to portfolio.

Quantifiable outcome

• Türkiye'nin en uzun 17,5 inç dikey açık kuyu rekoru (Rig-21 ile)
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• TPAO (Türkiye Petrolleri Anonim Ortaklığı / Turkish Petroleum Corporation)coreChannel Partner/ Reseller/ Distributor · 19 November 2024TPAO is both a key customer and strategic partner for GYP. GYP's Rig-12 operates at fields for TPAO, and TPAO's senior executives (Chairman Ahmet Türkoğlu, Deputy GM Umut Öner Su) have visited GYP's operations. Rig-21 achieved a drilling record for TPAO.
• Derkim Poliüretan San. ve Tic. A.Ş.coreStrategic or Co-development Partner · 26 June 2024GYP Energy completed the acquisition (farm-in) of Derkim Poliüretan's Gabar Mountain exploration field, including operatorship. The transaction included AR/DEP/K/M47-c3, c4 licenses, adding over 307 km² to GYP's exploration license portfolio.
• MAPEG (Madencilik İşleri Genel Müdürlüğü / General Directorate of Mining Affairs)minorOthers · 23 November 2023MAPEG representatives visited GYP's PG-Serv seismic team operating at the PETAR Diyarbakır exploration field to review technical activities, capacities, and project progress.
• PETFORM (Petroleum Platform Association)coreOthers · 26 December 2022GYP Energy is an active member of PETFORM (Petrol Platformu Derneği), Turkey's leading oil and gas industry association. The company participates in PETFORM's annual SCOUT consultation meetings and sector events, engaging with government bodies including the Ministry of Energy and Natural Resources, MAPEG, TPAO, and TPIC.
• Prosin Enerji (Subsidiary)coreStrategic or Co-development Partner · 15 November 2021Prosin Enerji is a GYP group company holding 2 geothermal exploration licenses. Prosin signed a loan agreement with EBRD (European Bank for Reconstruction and Development) for geothermal projects. GYP's subsidiary is also active in Turkey's geothermal sector.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• PGS (Petroleum Geo-Services): Geophysical company providing seismic data acquisition and reservoir services to the oil and gas industry. Comparable as a peer to GYP's PG-Serv seismic division, with overlap in 2D/3D survey delivery for upstream clients.
• TGS: Global multi-client seismic and subsurface data company. Comparable through GYP's PG-Serv seismic acquisition business, which competes for 2D/3D seismic survey work in the same upstream exploration value chain.
• Çalık Enerji: Turkish energy company with upstream and downstream operations. Comparable as a domestic Turkish energy operator active across the value chain, providing a benchmark for Turkish private-sector energy peers.
• Perenco: Independent international E&P operator active in Turkey. Comparable as a privately held, vertically integrated upstream company operating in the same Turkish basins and utilizing contracted drilling rigs for field development.
• Valeura Energy: Canada-listed E&P company focused on operations in Turkey (Thrace Basin). Comparable as a small/mid-cap upstream peer active in Turkish acreage with a similar growth-via-drilling profile.
• KCA Deutag: Global land and offshore drilling contractor with significant rig fleet. Comparable as a privately held drilling contractor competing for international and onshore drilling tenders in the same markets GYP serves.
• TransAtlantic Petroleum: Small-cap E&P company with operations in Turkey (Southeastern Turkey). Comparable as a foreign independent operator in the same southeastern Turkey operating zone, competing for license acreage and rig capacity.

Broad incumbents

• Precision Drilling: Large North American-based drilling contractor with international operations. Comparable as a high-specification drilling rig operator competing for premium rig tenders globally, including markets where GYP pursues international contracts.
• Helmerich & Payne: One of the largest land drilling contractors globally. Comparable as a rig contractor in the same onshore drilling space, though much larger and US-centric; relevant for understanding the addressable drilling-services market and competitive benchmarks.
• TPAO (Turkish Petroleum Corporation): State-owned Turkish national oil company and GYP's largest customer. Comparable as a domestic Turkish upstream operator with its own drilling programs, and the dominant E&P player in the country whose procurement decisions directly shape GYP's rig utilization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sayer-group.-g-ney-y-ld-z-a.-.

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

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 GYP Energy