Majors vie for share of Persian Gulf's Dolphin gas project

Five companies-BP PLC, ChevronTexaco Corp., ExxonMobil Corp., Occidental Petroleum Corp., and Royal Dutch/Shell Group-have until yearend to bid close to $1 billion to replace Houston-based Enron Corp. as holder of a 24.5% stake in the inter-Gulf Dolphin gas project operated by Dolphin Energy Ltd. (DEL).Enron was due to operate the subsea pipelines in the project, but withdrew in May, selling its holding to the state-owned United Arab Emirates Offsets Group (UOG), which now holds 75.5% of DEL (OGJ Online, May 22, 2001).The other Dolphin project partner is France's TotalFinaElf SA, with 24.5%. It will operate the upstream section of the scheme.All five companies invited to bid for the e...

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