Exploration & Production

Bahrain awaits bids for pre-Khuff gas development

Bahrain will ask service companies to co-invest in pre-Khuff gas development rather than offer a fixed fee, a move that may not attract the kind of offers it wants Bahrain will ask service companies to co-invest in pre-Khuff gas development rather than offer a fixed fee, a move that may not attract the kind of offers it wants.
By Verity Ratcliffe 8 February 2018 0 29503
Bahraini oil minister Mohammed bin Khalifa al-Khalifa. (NOGA)

Bahrain’s plan to make service companies share the capital expenditure and commercial risk of its pre-Khuff gas development may yield less attractive proposals than it is hoping for. 

Bahrain Petroleum Co. (BAPCO) invited bids from Schlumberger and Halliburton, and had also intended to invite Baker Hughes but the company’s merger with GE meant it missed earlier tender deadlines, a manager at BAPCO told Interfax Natural Gas Daily.

Under BAPCO’s plan, service companies will co-invest in the project rather than receive a pre-arranged fee typical of a service...