Call for Balanced Energy Strategy: Bahrain Eyes SMRs and Offshore Wind as Part of Energy Diversification
TDT | Manama
Email: ashen@newsofbahrain.com
Mark Thomas, Group Chief Executive Officer of Bapco Energies, opened the 32nd Middle East Petroleum & Gas Conference (MPGC 2025) with a compelling keynote address, emphasizing the need for pragmatic, long-term planning in an era of “unprecedented uncertainty.”
Speaking at the Four Seasons Hotel in Manama, under the presence of H.E. Dr. Mohamed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, Thomas welcomed delegates to what he described as "the region's most enduring forum for energy dialogue," hosted by Bapco Energies in partnership with S&P Global Commodity Insights.
“People often say we live in uncertain times. But more than that, we live in unprecedented uncertainty,” Thomas remarked, setting the tone for a two-day conference focused on balancing traditional and renewable energy pathways in the Middle East.
He noted that while climate goals and energy security dominate discussions today, global energy demand continues to climb, not decline. Thomas highlighted that in 2024, global wind and solar energy reached a 15% share of total electricity generation. Yet, oil demand simultaneously hit a record 102.9 million barrels per day, and coal consumption surged by billion tons, according to the International Energy Agency.
“We’re not witnessing a transition away from hydrocarbons — we’re living through an era of energy addition,” Thomas stressed. “The whole pie is growing, and it’s not stopping.”
He outlined Bapco Energies’ strategic projects designed to support both energy security and innovation. These include a landmark upstream exploration agreement with EOG Resources, targeting unconventional gas in the Pre-Khuff formation — a first for Bahrain — and the largest offshore 3D seismic survey in Bahrain’s history, covering over 4,000 square kilometers with advanced imaging and AI-enhanced data analysis.
On the downstream front, Thomas highlighted the near-completion of the $7 billion Bapco Modernization Program, calling it “one of the most ambitious energy infrastructure upgrades Bahrain has ever undertaken.” The project aims to elevate refining capabilities while improving efficiency and environmental performance.
Thomas also reflected on recent challenges, solemnly acknowledging the tragic loss of three colleagues in an on-site incident after nearly 300 million safe man-hours. “We remember them today with deep respect,” he said, renewing the company’s unwavering commitment to safety.
Looking forward, Thomas revealed that Bapco Energies is exploring large-scale solar projects, offshore wind opportunities, and even small modular reactors (SMRs) — signaling Bahrain’s intent to diversify its energy mix while planning for deployment in the 2030s.
“The energy transition isn’t about choosing gas or renewables — it’s about all of it, including options we haven’t yet imagined,” he said. “We’re planning not just for the next quarter, but for the next quarter century.”
Following Thomas, Mark Eramo, Co-President of S&P Global Commodity Insights, highlighted the need for dual investments in both conventional and renewable energy sources.
“Oil and gas remain foundational, but renewable solutions are essential,” Eramo said. “Countries across the Middle East are already leading the way in solar, hydrogen, and biofuels.”
The event continues over two days, drawing energy professionals from across the region and globe to engage in critical discussions under the theme: “Balancing Traditional and Renewable Energy in the Middle East.”
MPGC 2025 aims to foster collaboration and shared insight to chart a sustainable, secure energy future amidst rising global demand and evolving geopolitical and environmental pressures.
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