01 October 2011
MANAMA - Bahrain is now pumping 45,000 barrels per day (bpd) of oil from its Bahrain oilfield, an executive from field operator Tatweer Petroleum said.
Tatweer, formed in 2009, is a joint venture between Occidental Petroleum Corporation, the UAE's Mubadala Development Company and Bahrain's National Oil and Gas Authority.
"Tatweer's production is 45,000 bpd now from around 30,000 bpd in 2009 and hopefully we are moving to reach 50,000 bpd by early next year," deputy chief executive officer Adel Khalil Almoayyed said. "And then we will target 70,000 bpd within the next three to four years."
The venture aims to produce 100,000 bpd by 2017 and raise gas output. "We are targeting two billion cfd of non-associated gas in the next two to three years," he said, adding that the current production capacity is around 1.7bn cfd.
Gas demand in the country has grown rapidly in the last few years, he added. Separately, a major upgrade of Bahrain's Khalifa Bin Salman Port is on the cards with plans for a new parking area for 40,000 vehicles, a number of warehouses, two office buildings and other facilities like petrol stations and banks.
MANAMA - Bahrain is now pumping 45,000 barrels per day (bpd) of oil from its Bahrain oilfield, an executive from field operator Tatweer Petroleum said.
Tatweer, formed in 2009, is a joint venture between Occidental Petroleum Corporation, the UAE's Mubadala Development Company and Bahrain's National Oil and Gas Authority.
"Tatweer's production is 45,000 bpd now from around 30,000 bpd in 2009 and hopefully we are moving to reach 50,000 bpd by early next year," deputy chief executive officer Adel Khalil Almoayyed said. "And then we will target 70,000 bpd within the next three to four years."
The venture aims to produce 100,000 bpd by 2017 and raise gas output. "We are targeting two billion cfd of non-associated gas in the next two to three years," he said, adding that the current production capacity is around 1.7bn cfd.
Gas demand in the country has grown rapidly in the last few years, he added. Separately, a major upgrade of Bahrain's Khalifa Bin Salman Port is on the cards with plans for a new parking area for 40,000 vehicles, a number of warehouses, two office buildings and other facilities like petrol stations and banks.
© The Saudi Gazette 2011
