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Wed 9 Feb 2011 11:38 AM

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Bahrain boosts oil production to 40,000 bpd

Island kingdom's top oil official says Bahrain is targeting output capacity of 100,000 bpd by 2017

Bahrain boosts oil production to 40,000 bpd
OIL PRODUCER: Non-OPEC oil producer Bahrain has boosted its oil production to 40,000 barrels per day (bpd) from 32,000 bpD (Bloomberg Images)

Non-OPEC oil producer Bahrain has

boosted its oil production to 40,000 barrels per day (bpd) from

32,000 bpd after the country started to overhaul its main

oilfield, Bahrain's top oil official was quoted as saying on

Wednesday.

Abdul-Hussain bin Ali Mirza, head of the National Oil and

Gas Authority (NOGA), told the Gulf Daily News that this was the

first increase since the late 1970s.

Bahrain started to overhaul its main oilfield last year

after U.S.-based Occidental Petroleum Corp and the

United Arab Emirates' Mubadala Development Co agreed

to invest $15 billion to develop the Bahrain field.

"We are making progress already as is indicated by an 8,000

bpd increase and will make more progress as we go along," Mirza

was quoted as saying in the newspaper.

He said Bahrain is targeting output capacity of 100,000 bpd

by 2017.

Oil is the main source of income for Bahrain's government,

and higher output will help the island kingdom tackle mounting

fiscal pressures due to a rising subsidies bill.

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