By Robin M. Mills (Bloomberg Prophets) -- Bahrain discovered the first oil on the Arab side of the Gulf in 1932. It took a long time for the small island to find anything of similar significance, but its recent announcement of an enormous shale oil resource under its shallow waters should not be underestimated: Commercial offshore shale oil production would be a first for the … [Read more...]
Bahrain Seeks Big Oil’s Help to Develop New Shale Discovery
By Wael Mahdi and Mohammed Aly Sergie (Bloomberg) -- Bahrain will invite international oil companies to help it develop its first major discovery in decades, hoping to begin production within five years. The oldest and smallest energy producer in the Persian Gulf relies on crude exports for most of its revenue, and its finances have been strained by lower oil prices. … [Read more...]
Bahrain Says Offshore Discovery Contains an Estimated 80 Billion Barrels of Tight Oil
MANAMA, April 4 (Reuters) - A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the kingdom's biggest ever find, Bahrain’s oil minister said. Bahrain said on Sunday it had discovered extensive tight oil and deep gas resources off the west coast of the kingdom. Independent appraisals by U.S.-based oil consultants … [Read more...]
Bahrain’s Biggest Offshore Oil Find Since 1932 Dwarfs Reserves
By Mohammed Aly Sergie (Bloomberg) -- Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency. The shale oil and natural gas discovered in a deposit off the island state’s west coast “is understood to dwarf Bahrain’s current reserves,” Bahrain News … [Read more...]