Bahrain drills 25 new oil wells
Manama, January 23, 2011
Bahrain has stepped up its oil exploration programme by drilling 25 new wells, said Oil and Gas Affairs Minister Dr Abdulhussain Mirza.
The National Oil and Gas Authority (Noga) announced the new developmental oil wells which have been commissioned by exploration company Tatweer Petroleum.
Dr Mirza, who is also the Noga chairman, said these 25 wells are the first of nearly 3,500 to be drilled at the Bahrain Field in the next 20 years.
The minister was speaking to employees and management of Tatweer at the Bapco Club, Awali.
'This achievement would not have been possible without the active involvement of all those who work at the company,' he said.
'The goals you have for the next few years will continue to be challenging and deserves recognition as we cross new targets each time.'
He said the efforts of the Tatweer team have also led to the drilling and commissioning of five new khuff wells and gas dehydration facilities.
'This has enabled Noga meet its sales figures and peak demand throughout the year.'
Earlier, during an international conference in November last year, the minister said Bahrain's oil production would go up to 100,000 barrels per day (bpd), from the present 32,000bpd in the next seven years.
He said several steps taken by Tatweer, which came into existence in December 2009, had already meant a halt in declining oil production for the first time in 33 years.
He said the new exploration work carried out off-shore by reputed international oil and gas companies, the US Occidental Petroleum and Thailand's PTTEP, is also looking positive.
The minister revealed plans to drill gas wells with a $200 million investment to meet the additional demand in Bahrain over the next five years.-TradeArabia News Service
More Energy, Oil & Gas Stories
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies
- GlassPoint appoints new Oman director
- Sheffield company opens Dubai hub
- Oman targets big rise in gas output
- Intertek buys UAE firm for $66m
- Qaiwan to tender Baizan refinery EPC contract
- Al Maha wins Oman Air fuel supply deal
- Iran to become top gas importer by 2025
- UAE hydrocarbon projects seen hitting $11bn
- Summit focus on occupational safety
- Aramco names new senior VP
- Siemens gets $253m Qatar power contract
- Taqa-led group's India deal worth $1.6bn
- Taqa-led group to buy India power plants