Featured Employer: Tatweer Petroleum
On 20th January 2010, HRH Shaikh Salman Bin Hamad Al Khalifa, The Crown Prince of the Kingdom of Bahrain inaugurated Tatweer Petroleum Company in a ceremony held to mark the launching of the company at Jabel Al Dhukhan. During the inauguration ceremony HRH Shaikh Salman bin Hamad Al Khalifa, unveiled a plaque to commemorate the launching of Tatweer Petroleum Company.
Tatweer Petroleum brings together the unique experience, knowledge and expertise of its partners. The Bahrain Redevelopment Project is a joint venture between Nogaholding (the business and investment arm of Bahrain’s National Oil & Gas Authority), Occidental Petroleum Corporation and Mubadala Development Company. This project was officially decreed in a law by Royal Decree number 24 on 21 June 2009 , entitled “the Development and Production Sharing Agreement (DPSA)” between the above partners.
In December 2009, Tatweer Petroleum assumed responsibility for the stewardship and redevelopment of the Bahrain Field. The Company’s primary goals are 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.
The Company utilizes the latest enhanced oil recovery technologies to implement its mission to develop the Bahrain Field in order to maximize value for stakeholders’ and contribute to the growth of Bahrain’s economy. This will support the vision of Tatweer Petroleum to energize the Kingdom’s economic growth and social prosperity. The Company is committed to the highest standards of health, safety and environmental protection, and to the development of Bahraini nationals. With substantial investment of billions of dollars over the next 20 years, Tatweer aims to unlock the full potential of the Bahrain Field , tripling oil production and doubling gas delivery capacity.
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