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
Mohammed bin Khalifa al-Khalifa, Bahrain's oil minister. 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...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Log me in

Not a subscriber?

Sign up for 7-day trial access to this and more premium content. It's free.

Sign up now