Bahrain receives 18 companies to view gas data
Bahrain has seen 18 international companies register to look at data for the acreage on offer under its onshore deep gas exploration round.
OGJ International Editor
LONDON, Feb. 20 -- Bahrain has seen 18 international companies register to look at data for the acreage on offer under its onshore deep gas exploration round.
Bids are due by the end of May with the aim of awarding a deal in the second or third quarter of this year.
The National Oil and Gas Authority (NOGA) launched an international roadshow showcasing the acreage. It expects companies to develop gas at depths of up to 20,000 ft below its onshore Awali field.
Any gas discovered would meet rising domestic demand. Bahrain's gas consumption averaged 1.3 MMscfd in 2007 and could reach more than 2 bscfd over the long term.
Companies will explore for gas in Bahrain's onshore Pre Khuff formations under a modified exploration and production-sharing agreement. The government said it would offer an international competitive gas price to encourage exploration and development.
The pre-Permian formation is estimated to hold upside resource potential greater than 20 tcf.
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