Bahrain eyes deep-gas discovery

Nov 10, 2008 01:00 AM

Bahrain is eyeing a new gas resource through a deep-gas discovery project, the country's Oil Minister Dr Abdul-Hussain Ali Mirza told on the sidelines of a recent petroleum exhibition in Abu Dhabi.
"There's a good possibility, according to estimates, that we will have a new gas discovery," he said during the 13th Abu Dhabi International Petroleum Exhibition and Conference (Adipec), which was held on November 3-6.

But he said the amount of gas to be discovered will depend upon the companies that would be given the licence to operate. About 25 international firms have showed interest to drill an exploratory well with a depth of up to 20,000 feet, he added.
Bahrain, which launched the bidding for the licence in Manama in October, believes that the recent successes of neighbouring states in having deep-gas discoveries imply significant potential within the pre-Khuff formation, a deeper geological sedimentary.

Mirza said the data room for interested exploration companies will be opened in January or February 2009, with the bidding process ending in the second quarter of 2009. The Abu Dhabi National Oil Co (Adnoc) also announced its deep-gas prospect with Royal Dutch Shell, hoping to conduct an exploration by next year.
Meanwhile, Bahrain expects to seal a deal with Iran next year for the importation of 1 bn cfpd of gas after the signing of a framework agreement between Manama and Tehran.

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