Tundre Pétrole
 | |
| Public company | |
| Traded as | MSE: TP CAC100: Tun |
| Industry | Oil & gas |
| Founded | 1894 |
| Founder | Mattieu Tunvou Robert Dreller Albert Kellarde |
| Headquarters | |
Area served | Tarasanovia, Ternca |
Key people | Johann Kraus (Chairman and CEO) |
| Products | crude oil oil products natural gas petrochemicals |
| Website | www.tundre.mdr |
Tundre Pétrole or simply Tundre is a multinational oil and gas corporation headquartered within the Midrasian capital of Lotrič. The company was formed in 1894 through investment from oil investors Mattieu Tunvou, Robert Dreller and Albert Kellarde. The company is one of the largest oil corporations within Midrasia, and the most profitable. Up until the 1980s, the company retained a fairly moderate stance in the oil industry, however following increased investment in Ternca, the company has grown to become one of the largest and most profitable oil corporations in Asura.
History
The company was formed by Mattieu Tunvou a Midrasian emigre to Tarasanovia. Tunvou can purchased land in the Tarasani desert as part of the Desert-oil rush of the late 1800s. After stumbling upon wide reserves of oil, Tunvou promptly sold his land back to the Tarasanovian government for over 2 million Tarasanians, a return of nearly 200% in his investment. Following his newfound wealth Tunvou returned to Midrasia, where he came into contact with Robert Dreller and Albert Kellarde, two upstart oil scavengers. The three agreed to start a company, with each putting in a percentage of money for their investment, with Tunvou owning 40%, Dreller 40% and Kellarde 20%. Their new company was called Tundrekell Pétrole. The company reinvested in the Tarasani desert which its founders believed to have much more potential than the Tarsanovian government believed, starting operations in 1896 before expanding in 1901. The company remained a private limited company throughout its early history, with the three owners all acting as CEO and chairman. The role would rotate on a three year basis between each member, who was required to remain resident in Tarasanovia for the duration of their management to oversee operations. However this proved taxing on Albert Kellarde who one and a half years into his residency in Tarasanovia returned home to Midrasia in 1903. During this time the northern drilling site went into disrepair, with the unqualified replacement unable to oversee a repair. As such the company lost out on millions in revenue and Kellarde was persuaded to leave the company by the other two owners. Albert Kellarde, who was given an undisclosed payout for his shares went on to found Kellarde Drilling. Following Kellarde's departure, the company was renamed to Tundre Pétrole, with the 20% shares from Kellarde's investment floated on the Midrasian Stock Exchange. The listing of the company on the Midrasian markets allowed for much greater investment, leading the company to expand its operations within Tarasanovia, ultimately opening its first oil refinery in 1943, one year after the death of Mattieu Tunvou. As per his fathers wishes, Henri Tunvou sold his fathers entire 40% share on the Stock Exhange, seeing the company enter new private hands. In 1974 investors from Bunar had successfully secured a 51.5% share of the company, taking effective control. Despite this however, the Dreller family continued to hold a 40% stake, of which it retains 26%. The new Bunari owners greatly expanded operations within Tarasanovia and oversaw the expansion into Ternca. The Terncan operation, formally opened in 1992 saw the company catapulted onto the CAC 100, with revenue tripling in 1999 alone. Such investment led the company to neglect its holdings in Tarasanovia, although increased investment was planned in the early 2000s, hoping to move the site away from an emphasis on extraction to refining within the next 20 years.
Operations
Tundre holds operations within both Tarasanovia and Ternca, with the Terncan branch being the larger of the two investments.
Tarasanovia
The Tarasanovian branch of Tundre is the oldest of the two branches, with the first wells drilled within the Tarasani desert in 1896. Over time the company's holdings within Tarasanovia grew, to the point where now the company employs over 10,000 people in their Tarasanovian branch. Much of the company's operation within Tarasanovia is related to oil extraction; although the company holds two offshore oil refineries off of the coast of Tarasanovia. Despite this much of the oil extracted by the company is sold in its crude form to the Tarasanovian government, which either consumes the oil or refines and exports it. Since 1995 the Tarasanovian branch has effectively operated independently of the Terncan branch, and in 2005 a plan was drafted to reform the branch into a subsidiary of Tundre, called Desertos. This plan was drafted due to lack of investment within the Tarasanovian branch in favour of Terncan by corporate hq. The plan has since been shelved by the company following greater investment in the Tarasani desert area, including the planned opening of a third oil refinery.
Ternca
The Terncan branch of the company is by far the larger of the two, with the company benefiting greatly from the collapse of the Aeian Socialist Union. In 1989 Tundre purchased several oil drills north of the Terncan valley, which had formerly belonged to ASU Oil foundation. Following increased investment and the creation of an improved railway between the site and the capital of Bescon Tundre's investment in Ternca brought major revenue to the company and allowed expansion into new oil fields, including several offshore sites. Furthermore the company increased its operation field into natural gas in 2001 with the opening of an extraction site in the Dusec Shale, far north of Bescon. Since 2006 Tundre has employed over 40,000 people in Ternca alone, with new investment projects looking to double oil production from the Bejarstan area of Ternca. Unlike its Tarasanovian investment, the majority of oil extracted from the Ternca site is refined by the company itself and sold on the international market. Much of this is a result of the favourable business regulations brought in by the post-ASU Terncan government to stimulate economic growth and investment in the faltering economy.