Combine lime juice, salt, soy sauce, oregano, pepper and Tabasco in large bowl. Add scallops and marinate in refrigerator 4 hours. Drain scallops and reserve marinade. Wrap each scallop in 1/2 slice of bacon and thread on skewers. Leave room between scallops.
Grill on moderate high heat or broil in oven. Turn skewers often and baste with reserved marinade. Cook 4-5 minutes. Scallops should be slightly springy to the touch. Serves 8.