Wednesday 4 April 2018

Bahrain says newly discovered field has 80bln barrels oil reserves | ZAWYA MENA Edition

Bahrain says newly discovered field has 80bln barrels oil reserves | ZAWYA MENA Edition:

"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 DeGolyer and MacNaughton and oilfield services company Halliburton had confirmed Bahrain’s find of "highly significant quantities of oil in place for the Khalij Al Bahrain, with tight oil amounting to at least 80 billion barrels, and deep gas reserves in the region of 10-20 trillion cubic feet," Oil Minister Sheikh Mohammed bin Khalifa al-Khalifa said."



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