Global Firms Compete for Awali Oilfield Contract

Monday, October 08, 2007
Eleven international oil firms have expressed an interest in efforts to boost production at Bahrain's onshore Awali field, the Oil and Gas Affairs Minister revealed recently. Dr. Abdulhussain Mirza’s statement followed the announcement that US firm Occidental and Thailand's PTT Exploration and Production have been awarded the right to explore for oil and gas off the shores of the country. Some reports have suggested that new technologies could double the amount of oil produced at the field from its current level of 35,000 barrels per day. Bids are expected by the end of the month. The latest round of bidding comes on the heels of the recently concluded tender process for four offshore exploration blocks comprising Bahrain's entire explorable acreage. Three of the blocks have now been awarded - two to Occidental and one to PTT - but a fourth block, which contains the area to the north of Bahrain, did not attract interest. The Tender Board's decision to award the blocks to the two foreign firms will now pass to parliament for approval. [Source: http://www.gulf-daily-news.com]
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

CACI Named MSC Logistics Prime Contractor

CACI International Inc says it has been selected as a prime contractor to provide logistics support to the U.S. Navy’s Military Sealift Command (MSC) on the Worldwide

DoD Awards US$117-M New Orleans Dredge Contract

The US Department of Defense informs that it has awarded Boh Bros. Construction Co., LLC, New Orleans, Louisiana, a US$116,956,672 firm-fixed-price contract with

Navy CNO Sets Out Annual 'Navigation Plan'

The Navy's top leader has released a detailed plan that highlights the U.S. Navy's intended track and investments for the next 5 fiscal years, informs Chief of Naval Operations Public Affairs.

Shipbuilding

Bid to Rescue Clyde Shipbuilder Ferguson

Jim McColl, one of Scotland's richest men, has tabled a bid to rescue collapsed Clyde shipbuilder Ferguson and aims to return the yard to its former glory by creating hundreds of jobs,

US’ Largest Floating Drydock Heads to Portland

The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water,

Country’s Largest Floating Drydock Coming to Portland

The country’s largest floating drydock, the Vigorous, is headed for Portland this weekend. The drydock, a piece of equipment used to lift vessels as large as cruise ships out of the water,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1310 sec (8 req/sec)