Bahrain’s Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa has said that the kingdom’s official oil and gas producer is looking for new partners to resume operation at the Gulf’s oldest oil field.
The National Oil and Gas Authority (Nogaholding) is seeking to invite new companies for partnerships to restart activity at the Bahrain Field, the kingdom’s largest onshore oil field, after the UAE’s Mubadala Petroleum and the US’s Occidental Petroleum (Oxy) ended their joint venture – Tatweer Petroleum – with Nogaholding, which had been operating the asset.
The project to revive operations at Bahrain Field is among $6bn worth of projects the country’s Oil Ministry is managing or aiming to kickstart soon, according to Al-Khalifa.
The minister said the projects include the $4.2bn modernisation programme of state-owned downstream entity Bahrain Petroleum Company (Bapco), the new A-B pipeline between Bahrain and Saudi Arabia, the Bahrain LNG Import Terminal, Bahrain National Gas Expansion Company’s third gas plant, and an aromatics facility joint venture between Bapco and Kuwait’s Petrochemical Industries Corporation (PIC).
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