Gulf Oil and Gas accountACCOUNT

Occidental Wins Gas Exploration Deal in Bahrain

Source: Bloomberg 3/13/2012, Location: Middle East

Bahrain awarded a contract to Occidental Petroleum Corp. (OXY) to explore for natural gas deposits in the country, the nation’s oil minister said.

Bahrain, the smallest oil and gas producer in the Persian Gulf, wants to develop the resources at depths between 15,000 and 20,000 feet as the country’s plan to increase its gas production capacity to meet growth in local demand, Abdul Hussain Mirza said yesterday in an interview in Kuwait at a meeting of the International Energy Forum. Oxy, as the company is known, has already started exploration works, Mirza said.

Oxy will drill three exploration wells during the first four years of the seven-year contract at their own expense, the minister said. If gas is found then the two parties will devise a “formula for sharing the project,” he said.

Bahrain will award a tender to build a liquefied natural gas import terminal by the end of this year as it plans to import 400 million cubic feet of natural gas, Mirza said yesterday. He didn’t specify a timeframe for the imports.

Exploration News in Bahrain >>

United Kingdom >>  10/22/2020 - The Directors of 88 Energy Limited provide the following report for the quarter ended 30 September 2020.

Highlights

...

Norway >>  10/20/2020 - Follow the presentation of the report live on npd.no on 27 October, at 10:00.

Among other things, the report presents an up-to-date estimat...


Mexico >>  10/15/2020 - In keeping with the Trump Administration’s goal of strengthening America’s energy independence, the Bureau of Ocean Energy Management (BOEM) Acting Di...
Trinidad and Tobago >>  10/14/2020 - Touchstone Exploration has completed drilling the Chinook-1 exploration well on the Ortoire exploration block, onshore in the Republic of Trinidad and...

Turkey >>  10/14/2020 - UK Oil & Gas (UKOG) has announced that, further to its 23 July release, it has now successfully executed the participation agreement (i.e. farmin agre...
Morocco >>  10/13/2020 - Sound Energy, the Moroccan focused upstream gas company, reports a 24 month extension to the initial period of the Sidi Moktar Permits, onshore Morocc...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Bahrain Oil & Gas 1 >>  2 |

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.