Oil & Gas

Tatweer Petroleum Company

Year of establishment 2009
Number of Employees 733
Sector Oil and Gas
Website http://tatweerpetroleum.com/

 

In December 2009, Tatweer Petroleum – Bahrain Field Development Company W.L.L. assumed responsibility for the stewardship and revitalization of the mature 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 26th April 2009, entered into between the National Oil and Gas Authority (NOGA) and Occidental, Mubadala, and The Oil and Gas Holding Company (nogaholding). 

As of July 2016, the Company is wholly owned by nogaholding, the business and investment arm of NOGA of the Kingdom of Bahrain, which acts as the steward for the Government's investment in a diversified range of energy-related companies.  

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 production and recovery technologies whilst upholding its commitment to the highest standards of health, safety and environmental protection, and the development of Bahraini nationals. This will support the Company's contribution to energizing the Kingdom's economic growth and social prosperity while maximizing value for stakeholders. 

Vision

 

To become the recognized leader of sustainable growth and prosperity in Bahrain. This Vision will be realized by:

  • Meeting Bahrains future demand for energy
  • Transferring technology and skills to develop Bahrains workforce
  • Fostering a world-class culture of safety and environmental stewardship
  • Successfully revitalizing the mature Bahrain Field
  • Supporting Bahrains Vision 2030

 

Mission

Develop the Bahrain Field to maximize value for stakeholders and contribute to the growth of the economy of Bahrain. This will be accomplished this by:​

  • Safely and economically optimizing production and maximizing reserves whilst protecting the environment
  • Meeting gas demand for an expanding local economy
  • Prudently investing and stewarding this national resource
  • Providing employment and economic growth opportunities to the people of Bahrain

 

Values

  • People: We will foster a passionate and inspired workforce by providing the opportunity to learn and advance in our performance-driven organization.
  • Diversity: Our cultural, business and technical diversity is our strength; we accomplish more as a team than as individuals.
  • Health, Safety and Environment: We strive to provide a safe workplace and are committed to the protection of the environment.
  • Social Responsibility: We earn the respect and trust of the stakeholder communities through partnerships and our actions.
  • Integrity: We are transparent and accountable for our actions.
  • Innovation: We deliver new and creative solutions to maximize the value of the Bahrain Field.

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