Bahrain Finds its Biggest Oil, Gas Field

Bahrain has discovered its largest oil and gas field located off the west coast of the country, state-owned Bahrain New Agency reported April 1.

The new tight oil and deep gas resource in the Khaleej Al Bahrain Basin is significantly larger that country’s current reserves. The announcement was made by Bahrain’s Higher Committee for Natural Resources and Economic Security.

"Following the initial discovery of the resource, detailed analysis of the find’s content, size and extraction viability has been undertaken alongside internationally-renowned petroleum industry consultants, DeGolyer & MacNaughton (Demac),” Bahrain’s oil minister Mohamed bin Khalifa Al Khalifa, said. "Today we announce that initial analysis demonstrates the find is at substantial levels, capable of supporting the long-term extraction of tight oil and deep gas."

The government confirmed that modelling and analytical studies are ongoing, led by Bahrain’s National Oil and Gas Authority (NOGA) working alongside private sector partners, aimed at detailing the ultimate quantity and market value of the find.

The oil ministry will host a press conference April 4 to provide additional details on the discovery, including initial findings of size and extraction viability, Bahrain News Agency reported.