US-based oil and gas company Schlumberger has been awarded a hydrocarbons project contract worth BD1,872,195 ($224,773,010) by state-owned Tatweer Petroleum in Bahrain.
The project, known as Tatweer Petroleum Future Production Enhancement Scheme, was awarded in March, according to documents released by the Bahraini company.
The document did not give details of the scope of the project.
The project award is the latest in a string of contract awards made by Tatweer to US-based oil and gas services companies.
On 4 April, MEED reported that Tatweer Petroleum had awarded three oil services contracts for the provision of drilling and completion fluids services worth a total of approximately $103m to companies based in the US.
The companies that were awarded the contracts were:
- Newpark Drilling Fluids – $34.61m
- Schlumberger Overseas – $34.3m
- Halliburton Worldwide – $34.1m
Tatweer Petroleum is the wholly-owned upstream arm of Bahrain’s state energy enterprise Nogaholding.
It is the sole operator of the onshore Bahrain field, also known as the Awali field, the first oil field to be discovered in the Gulf region in 1932.
Tatweer produces an average of 42,400 barrels a day (bpd) of crude oil and 1.67 billion cubic feet (Bcf) a day of non-associated gas from the Bahrain field.
This represents less than a fourth of the kingdom’s oil output capacity but is important for Manama as it is the only indigenous oil-producing asset and is key to meeting domestic oil demand.
Despite the activity in the global oil and gas industry in 2020 being blighted by the coronavirus pandemic, Tatweer kept busy by furthering development plans for Bahrain’s hydrocarbon discoveries.
The company has made considerable capital expenditure on maintaining its own oil and gas production potential over the past two years, awarding more than $1bn-worth of contracts in the 18 months from January 2020 to March 2021.
In mid-March, Tatweer awarded a $35.9m contract to Abu Dhabi-based TDE Overseas.
The scope of the contract includes the design, procurement, fabrication, installation, testing, pre-commissioning, commissioning and start-up of two new well manifolds.
This article is published by MEED, the world’s leading source of business intelligence about the Middle East. MEED provides exclusive news, data and analysis on the Middle East every day. For access to MEED’s Middle East business intelligence, subscribe here.
