Kristy
11-20-2008, 09:04 AM
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.
More... (http://www.ameinfo.com/176194.html)
More... (http://www.ameinfo.com/176194.html)