Final bidding for offshore Bahrain

Offshore staff

MANAMA, Bahrain The National Oil and Gas Authority will receive the final bids from international firms by 1:30 p.m. Sept. 19, 2007, on four offshore exploration blocks off the coast of Bahrain.

The winning companies will get the right to undertake the first large-scale oil exploration efforts in Bahraini territory for more than 70 years.

"The authorities had been encouraged by a strong response from the global oil companies," says The Oil and Gas Affairs Minister and Noga Chairman Dr. Abdul-Hussain Mirza. "Allocating Bahrain's natural resources is a formal process with requirements, transparency, and open at all times."

9/17/2007