Tatweer Petroleum Company
What is Tatweer Petroleum?
Tatweer Petroleum combines the industry-leading technology, knowledge and experience of the partners in the utilization of enhanced oil recovery techniques, proven elsewhere to boost oil output. The partners will transfer the required knowledge and skills to local personnel for direct application in the Bahrain Field.
The company will make significant investments over the next 20 years to develop the Bahrain Field, which has a history of over 75 years. Success will depend on the skills and capabilities of its Bahraini workforce that will comprise 80%-90% of Tatweer Petroleum's personnel.
Tatweer Petroleum's safety standards will equal the best in the world and their relationships with Bahrain's contractors and suppliers will cultivate additional employment opportunities for the people of Bahrain.
Tatweer petroleum's vision
The company vision of 'Energizing growth and prosperity for Bahrain' is underpinned by several key objectives:
Meet Bahrain's future demand for energy
Transfer technology and skills to develop Bahrain's workforce
Be a recognized leader in the revitalization of mature oil and gas fields
Align with the Kingdom's Economic Vision 2030
This vision will be achieved by combining the very best experience, expertise, and knowledge from each partner's organization with significant investment in the development of the Bahrain Field and the local workforce.
Tatweer petroleum's mission
The reason Tatweer Petroleum exists is to 'Develop the Bahrain Field to maximize value for stakeholders and contribute to the growth of Bahrain's economy'. This will be accomplished by:
Doubling Bahrain's oil production in the next five years
Meeting gas demand for an expanding local economy
Prudent investment and stewardship of a national resource
Providing employment and economic growth opportunities to the people of Bahrain
Tatweer Petroleum's partners
NOGA, nogaholding and Bapco
The National Oil and Gas Authority is the Government's body in Bahrain responsible for regulation, policy and control of the nation's hydrocarbon assets. The Oil and Gas Holding Company (nogaholding) is the business and investment arm of NOGA and steward of the Bahrain Government's investment in The Bahrain Petroleum Company (Bapco), The Bahrain National Gas Company (Banagas), The Bahrain National Gas Expansion Company (BNGEC), The Bahrain Aviation Fuelling Company (Bafco), The Bahrain Lube Base Oil Company, the Gulf Petrochemical Industry Company (GPIC), and Tatweer Petroleum.
Occidental Petroleum Corporation (Oxy)
Occidental Petroleum Corporation is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy is the fourth largest U.S. oil and gas company, based on equity market capitalization. Oxy's wholly owned subsidiary, OxyChem, manufactures and markets chlor-alkali products and vinyls. Occidental is committed to safeguarding the environment, protecting the safety and health of employees and neighboring communities and upholding high standards of social responsibility in all of the company's worldwide operations.
Mubadala Development Company (Mubadala)
Mubadala Development Company (Mubadala) is a business development and investment company that acts as a catalyst to realize Abu Dhabi's ambition to diversify and transform its economy, develop a new generation of business leaders and build a prosperous people for its people. By harnessing expertise and resources Mubadala generates sustainable financial returns and builds businesses, clusters of expertise and even whole new industries. Bringing together and managing a diverse portfolio of opportunities in areas such as energy, healthcare, technology, aerospace, and real estate, Mubadala invests for the long term as an active and diligent partner. Mubadala's sole shareholder is the Government of the Emirate of Abu Dhabi.
Mubadala Oil & Gas is a business unit within Mubadala that pursues acquisition, exploration and development opportunities in the Middle East, North and West Africa, and Central and Southeast Asia. Its portfolio of assets include Pearl Energy, a wholly-owned subsidiary of Mubadala that operates in four Southeast Asian countries, and exploration and production activities in Algeria, Libya, Oman and Kazakhstan. Current net working interest production from its participating interests in Dolphin Energy, the Mukhaizna field and Pearl Energy is over 300,000 barrels of oil equivalent per day (boepd).