Tatweer Petroleum
In December 2009, Tatweer Petroleum assumed responsibility for the stewardship and revitalization of the Bahrain Field and the execution of all activities related to the petroleum operations pursuant to the terms and conditions of the Development and Production Sharing Agreement (DPSA). The DPSA, dated 26 April 2009, was entered into between the National Oil and Gas Authority (NOGA) and Occidental, Mubadala, and nogaholding.
As of July 2016, the Company is wholly owned by nogaholding, the oil and gas business and investment arm of the Kingdom of Bahrain. Tatweer Petroleum is now responsible for all upstream operations in the Kingdom, including oil and gas exploration, development, and production activities, in addition to gas distribution and sales.
The Company’s primary goal is to increase the production of oil and the availability of gas to meet the future energy demands of the Kingdom of Bahrain, in line with the nation’s Economic Vision 2030.
Tatweer Petroleum utilizes the latest oil exploration, production, and recovery technologies whilst upholding its commitment to the highest standards of health, safety, and environmental protection, and the development of Bahraini nationals, supporting the Company’s contribution to energizing the Kingdom’s economic growth and social prosperity while maximizing stakeholder value.