The field is located in the Khaleej al-Bahrain basin, off the country’s west coast.
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, according to an official announcement on Sunday.
It is located in the Khaleej al-Bahrain basin, off the country’s west coast, according to scmp.com.
“Initial analysis demonstrates the find is at substantial levels, capable of supporting the long-term extraction of tight oil [light crude] and deep gas,” said Bahrain’s minister of oil, Shaikh Mohammed bin Khalifa al-Khalifa.
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Bahrain is currently a minnow in the oil sector, ranked 57 on the list of biggest producers by the US Energy Information Administration.
It pumps about 45,000 barrels of oil a day from its Bahrain Field, according to Bloomberg data.
In comparison, Saudi Arabia is aiming to keep its production levels below 10 million barrels a day in April.
Industry consultants DeGolyer and MacNaughton (Demac) have worked with Bahrain officials to evaluate the deposits at the Khaleej al-Bahrain basin.
“Demac evaluated the reservoir and test data, evaluated volumetric and recovery potential, and provided reports documenting both prospective and contingent resources. This is a project which breaks new ground for the industry,” a spokesperson said.