Tatweer Petroleum
Tatweer Petroleum is the result of a Development and Production Sharing Agreement (DPSA) signed between Mubadala, the National Oil and Gas Authority of Bahrain (NOGA) and Occidental Petroleum Corporation (Oxy) for the further development of the giant Bahrain Field, the Gulf’s first oil discovery.
With over 10 billion boe in place and multiple reservoirs ranging from shallow heavy oil to deep high pressure gas, the potential exists for significant recovery additions through IOR/EOR.
Operations were turned over to Tatweer in December 2009 and development activities have now started. It is planned to more than triple oil production from the field over the 20-year life of the contract.
Oxy holds a 48 percent interest in the DPSA, Mubadala holds 32 percent and a NOGA subsidiary holds the balance.