CATEGORIZED | News

Bahraini Oil & Gas Minister predicts Middle East output will soar with technology

Posted on 29 October 2009

 Advances in drilling technology will help Middle East hydrocarbon output leapfrog to necessary levels as demands soars, as expected in the coming days, predicted Dr Abdul-Hussain Bin Ali Mirza, Minister of Oil and Gas Affairs for the Kingdom of Bahrain. Dr Mirza opened the recent SPE/IADC Middle East Drilling Technology Conference, held 26-28 October in Bahrain. The conference, co-chaired by Omar Al-Husaini, Saudi Aramco, and Ghassan Mohanna, BAPCO, drew over 400 delegates from more than 20 companies. Saudi Aramco was the Titanium sponsor, BAPCO the conference program sponsor, and National Oilwell Varco (NOV GrantPrideco) and Schlumberger were coffee break sponsors. “Although the Middle East holds two-thirds of the proven oil reserves, we are producing only one-third of the oil,” said Dr Mirza, who chairs the Bahraini National Oil and Gas Authority. “The gap between Middle East drilling activities and its oil reserves is due to the fact that most of our fields are prolific and producing below their potential…. When the time comes for the region to meet ever-growing oil demand, coupled with the maturing of our oilfields, drilling activities will have to be geared up….

Noting that the Middle East currently has only 10% of wells worldwide, he said that conventional vertical wells cannot alone make up the anticipated need for more production.

“Advances in drilling technologies will give a solution for the future,” he said.

Dr Mirza outlined some of the Kingdom of Bahrain’s initiatives to increase production and reserves. He said the government was looking long term, and the work performed despite the current recession.

“With the continued growth of Bahrain’s economy, even with moderate growth rates the gap between the supply of he major energy source, gas production, and demand is widening,” he said, adding that gas consumption is predicted to nearly double in a decade.

Some key initiatives he cited include:

•    Awarding four offshore blocks to international oil companies;
•    Revitalizing the mature Bahrain Field under a phased development plan with Oxy and Mubadala;
•    Initiating deep gas exploration onshore;
•    Pursuing gas imports via pipeline and LNG.

Bahrain envisages drilling more than 3,600 wells over the next two decades, including production, injection and enhanced oil recovery.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 22 October 2014

    Shell discovers gas in pre-salt reservoir offshore Gabon

    Shell announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 m net gas pay…

  • 22 October 2014

    Statoil proves new oil resources near Grane field in North Sea

    Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation. The estimated volume of the discovery…

  • 21 October 2014

    IADC Cybersecurity Task Group to provide industry guidance to assess risks

    The oil and gas industry is not immune to cybersecurity threats, from computer viruses and malware to targeted attacks. The IADC Advanced Rig Technology (ART) Committee…

  • 21 October 2014

    Check-6 launches RIGOR digital checklist and compliance system

    Check-6 has launched RIGOR, a checklist-based mobile app to help simplify complex procedures and mitigate human error on the rig. Taking lessons from the aviation industry…

  • 21 October 2014

    Video: Next IADC Land Contract update to start in 2016

    The latest version of the IADC Land Contract was released in November 2013. Various incidents, including Macondo, delayed the release. “It’s an industry contract…

  • Read more news