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Vision and Strategy

Founded in 2006, Tiway Oil is a private Norwegian oil and gas producing company bringing international expertise and local experience to a diversified suite of production, development, incremental recovery, and exploration projects in the Middle East, North Africa (MENA) and Eastern Europe.

The company is currently developing a portfolio of projects in Turkey and Ukraine and pursuing additional projects throughout the region.

International Expertise Tiway brings leading-edge technology and expertise to every oil and gas project. The Tiway team has decades of experience in upstream projects in every type of basin from leading international companies such as Schlumberger, Baker Hughes, BP, and Unocal.

Local Experience Tiway seeks to have deep experience in the basins in which it operates and unique insight into the geological, logistical, and cultural keys to the success of every project. In Turkey, for instance, the Tiway team is led by some of the most experienced engineers and geologists in the region who developed the pioneering SASB field in the Black Sea and discoveries in the southeast along the Syrian border.

Diversified Projects Tiway believes that the key to long-term success is a diversified group of projects. Over the course of its history the company has sought to create value through production enhancement, appraisal and exploration, and offshore development projects.

Regional Vision Tiway is seeking to become a leading independent oil and gas company in the broader MENA and Eastern European region, which lies at the crossroads of Europe and Asia and will be the source of energy for the Eastern Hemisphere for years to come. Tiway believes that its geological and logistical experience in one basin will allow it to apply its lessons—and bring value—to other basins in the region.

Strong Resources Tiway is backed by leading international institutional investors, including the Wellcome Trust, Quilvest, and Lime Rock Partners, its primary investment partner. With the financial backing and active investment partnering of Lime Rock, a global energy-focused private firm with nearly $4 billion under management, Tiway has been able to build strong regional relationships and aggressively pursue a broad suite of projects. As part of our relationship with Standard Bank Plc, Tiway has also secured a reserve based loan (RBL) facility designed to accommodate expected growth.

Creative Technical Solutions to Unlock Possibilities Tiway operates in fast-growing emerging economies that are seeking to rapidly increase domestic oil and gas production. Tiway works tirelessly to develop creative technical solutions to help those countries unlock their natural resources, converting possible reserves into producing reservoirs and powering long-term growth.