What Tatweer Petroleum does

Tatweer Petroleum - Bahrain Field Development Company W.L.L. is the national upstream operator of the Kingdom of Bahrain, wholly owned since July 2016 by nogaholding (the investment arm of the National Oil and Gas Authority). Founded in 2009 under a Development and Production Sharing Agreement, the company took over the mature Bahrain Field - a producing asset with more than 90 years of history - and is today the sole concessionaire for hydrocarbon exploration, development, production, and gas distribution within Bahraini territory.

The company operates a vertically integrated upstream portfolio built around the Bahrain Field. Production averaged 39.5 MBOPD of crude and condensate and 1,647 MMSCFD of Khuff gas in 2022, with non-associated gas supplied through a nationwide Gas Distribution Network to 34 active industrial customers. The technical stack combines conventional drilling with Enhanced Oil Recovery techniques such as proppant fracturing in the Rubble reservoir, High Pressure High Rate Acid Fracturing in OST/MAG, the Mauddud Tight Spacing infill program, and an emerging Thermal EOR pilot in the Rubble. Underpinning field operations is an Integrated Production Data Management Platform providing real-time data, dashboards, and KPI automation, supporting "Oil & Gas 4.0 and AI" initiatives; the firm also operates internal Oracle HRMS, Maximo, and BPM systems. Supporting capabilities include enterprise risk management, asset protection with GIS mapping (recognized with Esri's 2022 Special Achievement in GIS award), HSE management, and supply-chain management.

Commercially, Tatweer generates revenue through the sale of crude oil, condensate, and natural gas to domestic industrial off-takers - principally the Electricity and Water Authority (EWA) and Aluminum Bahrain (Alba), which together consumed approximately 72% of supplied gas in 2022 - as well as petrochemical, refining, and water desalination customers. Gas is sold on volumetric, take-or-pay style contracts via the GDN, and pricing is set by prevailing market rates with no publicly disclosed tiers. The company is now repositioning within the newly formed Bapco Energies Group, transitioning its branding to Bapco Upstream, and is pursuing ISO 27001 and ISO 22301 certifications alongside its existing ISO 9001 and ISO 45001 compliance posture.

Name

Tatweer Petroleum

Legal name

Tatweer Petroleum – Bahrain Field Development Company W.L.L.

Website

https://tatweerpetroleum.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tatweer Petroleum is Bahrain's national upstream oil and gas operator, wholly owned by nogaholding. It produces crude, condensate, and Khuff gas from the mature Bahrain Field and distributes gas to 34 industrial customers via its national Gas Distribution Network.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Operations

NAICS

Oil and Gas Extraction (211), Crude Petroleum Extraction (211120), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)

akta.pro secondary industries

Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE), Pressure Pumping & Stimulation (Hydraulic Fracturing, Acidizing) (EUALABAF)

Keywords

• Upstream oil and gas
• Oil and gas exploration
• Natural gas distribution
• Enhanced oil recovery
• Oil field development

Headquarters

HQ city

Ar Rumman

HQ country

Jordan

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Oil and Gas Production and Sales: Tatweer Petroleum generates revenue through upstream oil and gas operations including exploration, development, and production activities. The company sells crude oil, condensate, and natural gas to domestic industrial consumers including power producers, aluminum smelting, petrochemicals, water desalination, and refining industries.
2. Gas Distribution and Sales: The company supplies 1,560 MMSCFD of uninterrupted gas to 34 active gas customers. From supply perspective, 79% was Khuff gas, and approximately 21% was residue gas. Both EWA and Alba consumed approximately 72% of supplied gas.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Tatweer Petroleum conducts all upstream oil and gas operations in the Kingdom of Bahrain, including exploration, development, production, and gas distribution. The company operates the Bahrain Field, produces crude oil, condensate, and natural gas (Khuff gas and residue gas), and supplies uninterrupted gas to industrial consumers, power producers, and water desalination facilities. It also applies Enhanced Oil Recovery techniques to maximize recovery from the mature reservoir.

Product overview

Tatweer Petroleum is an upstream oil and gas company responsible for all exploration, development, and production operations in the Kingdom of Bahrain, operating the mature Bahrain Field through a comprehensive portfolio of integrated services. The company offers a vertically integrated suite spanning oil and gas exploration, field development, production operations, Khuff gas production, and a gas distribution network supplying industrial customers and power producers. Supporting these core activities are specialized services including Enhanced Oil Recovery techniques (hydraulic fracturing, gas injection, steam injection), enterprise risk management, asset protection with GIS capabilities, HSE management, and digital oil field solutions utilizing operational technology for real-time monitoring and automation. The company is now operating as Bapco Upstream under the Bapco Energies Group.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Exploration Services
• Oil Field Development
• Oil Production Operations
• Khuff Gas Production
• Gas Distribution Network (GDN)
• Enhanced Oil Recovery (EOR)

Quantifiable outcome

• Achieved highest VRR of 0.96 in company history in 2022
• +6 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Five partnerships are on record, tiered minor.

• ENI (Italian Oil and Gas Company)minorStrategic or Co-development Partner · 1 April 2022ENI Exploration and Production Sharing Agreement (EPSA) in offshore Block 1 completed its third year. Shamal-1 well drilling was completed and geological and geophysical studies were concluded. ENI took the decision to relinquish from Offshore Block 1 in April 2022, however collaboration continued throughout 2022 with discussions on potential collaborations on multiple opportunities.
• ADNOC (Abu Dhabi National Oil Company)minorStrategic or Co-development Partner · 1 January 2022Tatweer Petroleum started collaboration with ADNOC on Ahmadi project with focus on improving production, studying new technologies through trials and refining depletion plans.
• Freiberg UniversityminorStrategic or Co-development PartnerEstablished Phase 2 of Mauddud EOR Evaluation Study with Laboratory evaluation of EOR process at Freiberg University.
• DeMacminorStrategic or Co-development PartnerCompleted Arab reservoir Field Development Study Stage 2 Phase I (EOR Fluid Analysis Lab Experiments) by DeMac. Started Arab DeMac Study Stage 2 Phase 2 (core flooding and asphaltene precipitation evaluation lab tests) in October 2022.
• Thermo Design Engineering Company (TDE)minorImplementation/ SI/ Consulting PartnerEPC Contract awarded in August 2021 to Thermo Design Engineering Company for installation of 14 LP remote GDUs with capacity of 100 MMSCFD.

Scale indicators19 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Bapco Energies: Parent group integrating Tatweer (upstream) with Bapco Refining and other energy assets. Direct parent/sister, providing a reference for the integrated national energy company Tatweer is being absorbed into.
• Kuwait Oil Company (KOC): State-owned upstream operator of Kuwait's oil and gas fields, including mature reservoirs with ongoing EOR and tight reservoir development. Comparable as a Gulf NOC running mature fields for national energy demand.
• ADNOC: Abu Dhabi's integrated national oil company. Tatweer has an active collaboration with ADNOC on the Ahmadi project; ADNOC is a relevant peer for upstream operations, gas supply, and digital oilfield practices in the Gulf.
• Occidental Petroleum: Former Tatweer JV partner and a major US-based E&P with strong Middle East operational heritage. Comparable for its mature-field EOR expertise and historical role in reviving the Bahrain Field.
• QatarEnergy: Qatar's state energy company operating upstream, gas processing, and downstream. Comparable as a Gulf NOC with integrated operations, large gas production, and national mandate similar to Tatweer's Bahrain role.
• Egyptian General Petroleum Corporation (EGPC): Egypt's national oil company managing mature onshore and offshore fields with EOR and gas supply programs. Comparable as a regional NOC serving industrial and power demand.

Direct peers

• Petroleum Development Oman (PDO): National upstream operator for Oman, similarly managing a mature onshore field portfolio with extensive EOR programs, well optimization, and gas supply to domestic industry. Closest analogue in size, scope, and operating model.
• Dragon Oil: ENI subsidiary producing oil and gas in the Middle East (Turkmenistan and Egypt). Similar scale of upstream operations, mature-field experience, and is comparable as a regional E&P operator with NOC partnership exposure.
• Mubadala Petroleum: Abu Dhabi-based upstream operator and a former Tatweer JV partner under the original 2009 DPSA. Comparable as a Gulf-headquartered, government-backed E&P player pursuing international and regional upstream.

Others

• ENI: Former Offshore Block 1 partner to Tatweer. Relevant as a global IOC with Gulf/North Africa operational history, providing a comparison point for international majors partnering with regional NOCs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tatweer-petroleum

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tatweer Petroleum