Oil & Gas

Bahrain Oilfield Development and Production Sharing Agreement

Title

Bahrain Oilfield Development and Production Sharing Agreement


Date

26 April 2009


Type

Agreement


Partners Involved

Mubadala Company


Purpose

Bahrain's Oilfield Development

Goals

Raising Bahrain Oilfield production from 35,000 barrels a day to 100,000 barrels a day after seven years.


Also, Bahrain field gas capacity will be hiked from 1.5 billion cubic feet to 2.7 billion cubic feet a day.

More Information

This agreement is the first of its kind since the discovery of oil in the Kingdom of Bahrain in 1932.

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