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    Wednesday, September 17, 2008

    Bahrain to double oil production by 2011

    ABU DHABI — Officials said Bahrain has been administering a tender with three Western firms to develop a major oil field.

    The officials said Bahrain plans to double crude oil output by 2011.

    They said the Western companies have been selected as finalists for the development of Bahrain Field. The Gulf Cooperation Council state now produces 33,000 barrels of oil per day from Bahrain Field.

    "Out of eight companies which submitted the initial bids for onland exploration, we shortlisted three, U.S. firms ExxonMobil and Occidental and Denmark-based Maersk," Bahraini Energy Minister Abdul Hussein Mirza said. "These three will now submit the final bids and one of them will be selected during the first quarter next year."

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    Mirza said the state-owned National Oil and Gas Authority would establish a joint venture with the winner of the tender. He said the contractor would assume development costs.

    Occidental has already been working in Bahrain's energy sector.

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