Gulf Oil and Gas accountACCOUNT

Bahrain Makes Biggest Oil Discovery Since 1932

Source: Reuters 4/1/2018, Location: Middle East

Share |
Bahrain said it had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA.

The new tight oil and deep gas resource is expected to contain many times the amount of oil produced by Bahrain’s existing oilfields, as well as large amounts of gas, BNA reported.

The oil discovery is the kingdom’s largest since 1932, BNA said. It did not give any details on the oil reserves discovered.

“Initial analysis demonstrates the find is at substantial levels, capable of supporting the long-term extraction of tight oil and deep gas,” Bahrain’s Minister of Oil, Sheikh Mohammed bin Khalifa Al-Khalifa said in a statement.

The small non-OPEC Gulf oil producer gets it oil revenues from two fields: the onshore Bahrain field, and the offshore Abu Safah field, which is jointly shared with Saudi Arabia.

Tight Oil News in Bahrain >>

Saudi Arabia >>  4/18/2018 - SNC-Lavalin (SNC) has been appointed by Saudi Aramco to install additional facilities for a major gas processing facility in Saudi Arabia’s Eastern Pr...
Saudi Arabia >>  4/10/2018 - During the official visit to Paris by Crown Prince of Saudi Arabia, HRH Mohammed bin Salman, Saudi Aramco and Total signed a memorandum of understandi...

Saudi Arabia >>  4/10/2018 - Saudi Aramco participated in the Saudi-France CEO Forum held in Paris to promote bilateral business and cooperation between the two countries. The For...
United Arab Emirates >>  4/10/2018 - The Abu Dhabi National Oil Company (ADNOC) announced as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum...

Saudi Arabia >>  4/5/2018 - L&T Hydrocarbon Engineering (LTHE), a wholly owned subsidiary of Engineering and Construction major Larsen & Toubro Limited, announced an award for th...
Oman >>  3/29/2018 - Petrofac has been awarded a contract worth US$265million for the development of the Marmul Polymer Phase 3 (MPP3) Project in southern Oman. This is th...

Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


Bahrain Oil & Gas 1 >> 

More News

 

Oil & Gas Companies in Bahrain >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.