Page 6 - Tatweer AR 2022
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6 Tatweer Petroleum | Annual Report 2022 www.tatweerpetroleum.com
Company Profile
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).
As of July 2016, the Company is wholly owned by nogaholding, which acts as the steward for the Government’s investment in a diversified range of energy-related companies. 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.
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. This will support the Company’s contribution to energizing the Kingdom’s economic growth and social prosperity while maximizing value for stakeholders.
