Bahrain's Tatweer Petroleum Co. plans to invest between US$ 3 billion and US$ 4 billion in the next four years mainly to drill wells, as per newswires. Tatweer's planned investment for 2012 in the Bahrain Field amounts to US$ 1 billion, as the company plans to drill 250 new wells this year of which 107 have been completed so far.
Tatweer Petroleum Co.’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. It aims at doubling Bahrain's oil production, meeting gas demand for an expanding local economy, undertaking prudent investment and stewardship of a national resource and providing employment and economic growth opportunities.
Mena Weekly Monitor – Bank Audi