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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Bahrain says Occidental leads oil contract bidders Reuters - Monday, December 22 DOHA, Dec 21 - U.S. firm Occidental <OXY.N> is the front runner to win a contract to overhaul Bahrain's Awali onshore oilfield, the Gulf Arab state's top energy official said on Sunday. "We have ranked them and Occidental is number one," Abdul-Hussein Mirza told reporters. Bahrain will go back to the three bidders and give them an opportunity to improve their offers, Mirza said, on the sidelines of a meeting of Gulf Arab oil ministers. Besides Occidental, Bahrain has shortlisted Exxon Mobil <XOM.N> and A.P. Moller-Maersk <MAERSKb.CO> for the contract. Mirza declined to say when the final contract would be awarded. Bahrain has said it would award the tender, which will see output at Awali double, in the first quarter of 2009. The 35,000 barrels per day field, discovered in 1932, was the first oil find on the Arab side of the Gulf. Bahrain is a small oil producer. Aside from Awali output, Bahrain also receives around 150,000 bpd of crude from Saudi Arabia, its share of output from the Abu Saafa oilfield. Last year, Bahrain awarded a tender for offshore exploration to Occidental and Thailand's PTT Exploration and Production <PTTE.BK>. (Reporting by Simon Webb; writing by Firouz Sedarat; editing by Simon Jessop) Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Oil Price Hike Bahrain says Occidental leads oil contract biddersReuters - Monday, December 22 Oil prices mixed; New York contract expires below 34 dollarsAFP - Saturday, December 20 New York oil price slumps below $34 a barrelAFP - Saturday, December 20 Oil price just above 36 dollars, lowest in four yearsAFP - Friday, December 19 Related Articles: Business Japan reports trade deficit as exports fall fastAFP - 16 minutes ago Gas down to $1.66 per gal., lowest in some 5 yearsAP - 20 minutes ago Nikkei up 0.2 pct after U.S. autos bailoutReuters - 41 minutes ago China Overseas defers fund unit launch - paperReuters - 47 minutes ago Seoul shares open higher, led by Hyundai MotorReuters - 49 minutes ago Related Full Coverage oil price hike oil price hike All Full Coverage Most Popular – Business Viewed Global economy seen sinking into 'severe' 2009 recession: report Let poor eat caviar: Milan authorities New Year's hangover? Take two eels and call me in the morning Actress Jennifer Aniston appears naked in GQ magazine Putin warns against any attempt to destabilize Russia View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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