His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty the King’s Representative for Humanitarian Work and Youth Affairs, Chairman of Bapco Energies, chaired the Company’s third Board of Directors meeting for the year 2025. The meeting focused on reviewing strategic progress, assessing group-wide initiatives, and receiving updates on the Bapco Modernization Project (BMP).

The Board reviewed developments across the Group’s key initiatives and noted the milestones achieved during the third quarter, with an emphasis on delivering integrated value across subsidiaries and sustaining alignment with long-term strategic objectives.

Updates were also presented on the Bapco Modernization Project (BMP), the Group’s largest undertaking, which continues to make solid progress against its planned timeline and remains central to advancing the Kingdom of Bahrain’s energy sector.

The Board reviewed the final governance documents creating BxT Trading, a new joint venture between Bapco Energies and TotalEnergies. It also reviewed progress on the 3D seismic survey, long-reach drilling in the Khaleej Al Bahrain (KAB) field, and the deep gas exploration program being pursued onshore with EOG. Commenting on the outcomes, Mr. Mark Thomas, Group Chief Executive Officer of Bapco Energies, emphasized that the progress achieved in the third quarter reflects the Group’s commitment to executing its strategy and delivering tangible results across subsidiaries, strengthening competitiveness and advancing the Kingdom’s energy infrastructure.