MOSCOW (MRC) -- Oil and gas projects worth about USD6 billion are underway or soon to begin in Bahrain. Speaking to the media on the sidelines of a conference, as per Hydrocarbonprocessing.
The Bapco Modernization Programme is on track for completion in 2022, he said with the $4.2bn engineering, procurement, construction and commissioning turnkey contract awarded last month to a consortium led by TechnipFMC. The signing of the contract is expected shortly, he added. The program entails the expansion of the capacity of the existing Sitra oil refinery from 267,000 up to 360,000 bpd besides improving energy efficiency, valorisation of the heavy part of the crude oil barrel (bottom of the barrel), enhancing products and meeting environmental compliance.
The minster also said Bahrain is looking for more partners to develop the Bahrain oilfield, which was exited by Mubadala and Occidental Petroleum in 2016.
The National Oil and Gas Authority (Noga) this year will complete major projects, including the new 350,000 bpd pipeline (A-B) between Bahrain and Saudi Arabia that will replace the existing 230,000 bpd link, the minister said.
“More than 50 per cent of the construction and modernization of the pipeline has been completed and the pipeline is now being laid underground in the south of Bahrain. The project is moving steadily according to plan and budget,” he said.
MRC