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Bahrain plans onshore oilfield expansion
- Bahrain: Wednesday, November 19 - 2008 at 08:20
Bahrain has unveiled an ambitious plan to expand its onshore oilfield, reported Gulf Daily News. Three companies - ExxonMobil, Occidental and Maersk - have been shortlisted for the project, which is expected to cost up to $5bn. However, the contract winner will develop and renovate the oilfield for free - with a deal to be hammered out later depending on the success of the project. Bahrain's Oil and Gas Affairs Minister Dr Abdulhussain Mirza said the expansion could lead to a 100% increase in the country's oil output, which now stands at 33,000 barrels per day.
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Jeff Florian, Senior ReporterWednesday, November 19 - 2008 at 08:20 UAE local time (GMT+4)
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