S12 ORME 2 2021 Project list_Layout 1 09/03/2021 14:30 Page 46
Project Databank Compiled by Data Media Systems
Project Focus Compiled by Data Media Systems
Project Summary Name of Client & Project
NOGA - National Oil & Gas Authority, Bahrain, Offshore Blocks 1,2,3,4 Exploration and Production
Revised Budget (US$)
230,000,000
Facility Type
Oil & Gas Field
Status
Engineering & Procurement
Location
Various
Project Start
Q3-2015
End Date
Q1-2024
PMC
Vinson & Elkins
Main Contractor
Eni Halliburton
Award Date
Q2-2018
Background NOGA is spearheading several initiatives from upgrades to the existing Awali field to major offshore exploration partnerships with international oil companies to secure oil and gas supplies for the future. The country is keen to increase its gas production and reduce its dependence on gas supplies from other countries in the region.
Project Status Date
Status
Feb 2021
Drilling has previously been expected to start in Q1 2020 but has been delayed. To date, Eni has not yet determined the drilling work schedule.
Sep 2020
Tatweer has signed an agreement with Eni to conduct a joint study to evaluate the hydrocarbon potential of Offshore Block 2 through an integrated interpretation and assessment of the geological and geophysical data relevant to the area.
Apr 2020
Bapco expects that seismic interpretations and processing will be finished by June 2020. Drilling for wells is progressing, however, adding additional wells will depend on the gas market value.
Oct 2019
Eni is set to drill the first exploratory well for Block 1 by the end of 2019. The other blocks are still being evaluated and surveyed.
Jun 2019
Bahrain has issued an official order allowing foreign companies to fully own the drilling activities they perform in the country. The companies must first enter an exploration and production agreement with the government before ownership is granted.
May 2019
Eni has signed an Exploration and Production Sharing Agreement (EPSA) for Block 1. They will perform exploration activities in an area of over 2,800 square-kilometers with water depths ranging from 10 to 70 metres.
Project Scope The project scope includes: • Exploration of offshore blocks 1, 2, 3 and 4. • 2D and 3D seismic survey. • Exploratory drilling. • Associated works. A discovery of 80 billion barrels of tight or shale oil and 280 billion to 560 billion cubic metres of natural gas was made off the north and west coast of the country in April 2018.
