Jan 18 2010 |
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H.R.H. Prince Salman bin Hamad al Khalifa Crown Prince and Chairman of the Economic Development Board Inaugurates the Official Launch of Tatweer Petroleum
Under the patronage of H.R.H. Prince Salman bin Hamad al Khalifa Crown Prince and Chairman of the Economic Development Board an inaugural ceremony will be held on the 20th January to officially launch Tatweer Petroleum, during which the Tatweer Petroleum flag will be raised and a commemorative plaque unveiled.H.E. Dr. Abdul Hussain bin Ali Mirza, Minister of Oil and Gas Affairs and Chairman of the National Oil and Gas Authority ( NOGA ) will this week welcome top officials to Bahrain for the official launch of a new phase of development of the Bahrain Field, which is led by Tatweer Petroleum.
The Bahrain Oil and Gas industry is currently undertaking an exciting new phase of re-development in the Bahrain Field as part of the Kingdom's Economic 2030 Vision. The Field, located near Jebel Al Dukhan, has a long and interesting history of over 75 years, having first been discovered in 1932 by His Highness the late Shaikh Hamad bin Isa Al Khalifa who granted the very first oil concession in Bahrain. The discovery led to the establishment of the first producing oil field in the Arabian Gulf.
to increase production and deliver additional economic value to Bahrain. This has prompted the establishment of a new alliance between NOGA , and a consortium of Occidental Petroleum Corporation (Oxy) and Mubadala Development Company (Mubadala), forming Tatweer Petroleum, which commenced operations on December 1, 2009.
Officials attending the event will include representatives from all three of the joint venture companies which formed Tatweer Petroleum, including; H.E. Dr. Abdul bin Hussain Ali Mirza, Chairman of NOGA , Dr. Ray R. Irani, Chairman and CEO of Occidental Petroleum Corporation, and H.E. Khaldoon Khalifa Al Mubarak, CEO of Mubadala Development Company.
-Ends-
About Tatweer Petroleum
Tatweer Petroleum is a joint venture operating company comprised of The Kingdom of Bahrain Oil and Gas Holding Company (nogaholding),
Occidental
Petroleum Corporation and Mubadala Development Company. The company was formed to increase oil and gas reserves and extend the life of the Bahrain Field through a new phase of development. Tatweer Petroleum is committed to safeguarding the environment, protecting the safety and health of employees and neighboring communities and upholding high standards of integrity and social responsibility.
For media information, please contact:
Maheen Ali
Gulf Hill & Knowlton
Tel +973 39601923
Fax: +973 17533370
Email: Maheen.Ali@hillandknowlton.com
Imane Alalaiwat
Gulf Hill & Knowlton
Tel +973 17539504
Fax: +973 17533370
Email: Imane.Alalaiwat@hillandknowlton.com
© Press Release 2010
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