BANAGAS was founded by the Government of Bahrain currently represented by the National Oil and Gas Holding Company (nogaholding), Chevron and APICORP in 1978 with stakes of 75%, 12.
BANAGAS is estimated to produce 4720 b/d of Naphtha, 1230 b/d of Butane and 1310 b/d of Propane.
BANAGAS is Boubyan's first direct investment in Bahrain.
Shaikh Mohamed Bin Khalifa Al Khalifa, general manager of BANAGAS said: "We have enjoyed working with APICORP as a strategic partner for the last 33 years.
Ian Bill, chairman & chief executive of Foster Wheeler Energy Limited, said: "The award of this contract by BANAGAS reflects Foster Wheeler's extensive experience in sour gas/condensate handling and LPG treatment.
The BANAGAS LPG facilities will process 308 MMSCFD of associated sour gas with Arab gas and refinery offgas rich in LPG liquids.
BANAGAS processes all associated natural gas produced in the State of Bahrain.
Our new partnership is an extension of an existing commercial arrangement that has improved our performance," said BANAGAS Chairman Shaikh Hamad bin Ebrahim Al Khalifa.
BANAGAS maintains high standards of occupational safety and operational excellence through regular training and the participation of the entire workforce in promoting safety awareness and continuous improvement.