Total E&P Activités Pétrolières and Tatweer Petroleum – Bahrain Field Development Company have signed a Memorandum of Understanding (MoU) for cooperation in oil and gas exploration, knowledge sharing and supply of LNG to Bahrain
The signing took place as part of an official visit to France by a high-level delegation from Bahrain, led by Hamad bin Isa Al Khalifa, King of Bahrain, to further enhance ties between the two countries.
Patrick Pouyanné, chairman and CEO of Total, signed the MoU in the presence of a number of officials from the National Oil and Gas Authority, Tatweer Petroleum, Total and CEOs of other oil and gas companies.
Shaikh Mohamed bin Khalifa bin Ahmed Al-Khalifa, chairman of Tatweer Petroleum, added that the signing of this MoU is a positive step towards the exploitation of natural resources to meet the future energy requirements of the country.
Mohamed stated that the MoU will allow further discussion on collaboration between Tatweer Petroleum and Total, including sharing of experience, expertise and support ongoing exploration and production activities in the recently discovered unconventional Khalij Al-Bahrain basin, as well as training and development of Tatweer Petroleum professionals in the fields of LNG trading and oil and gas exploration and production.
Pouyanné stated, “We intend to build on our expertise in unconventional oil and gas to contribute to the exploration dynamic driven by Shaikh Mohamed. This agreement also targets to develop cooperation in view of LNG supply for the benefit of Bahrain.”
Mohamed affirmed that the National Oil and Gas Authority pays great attention to strengthening relations and enhancing cooperation with all international oil companies and providing all means of supporting to support the country’s energy needs to ensure continued economic growth and to meet Bahrain’s vision 2030 through the exploration onshore and offshore oil and gas and to increase the portfolio of the Oil and Gas Holding Company B.S.C. (c) (nogaholding) by establishing more companies specialised in oil industries and the implementation of several related projects.
