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Italy’s Eni inked an agreement with Bahrain to “study and assess the potential of some exploration and production assets” in November 2016. The kingdom’s oil minister Muhammad al-Khalifa said at Abu Dhabi’s Adipec conference on 12 November the firm has been working with Bahrain “for a full year now” and hopes it will sign up to a concession in early 2019.
Bringing Eni onboard would be a coup for Bahrain after its only upstream foreign partners, Abu Dhabi’s Mubadala and US firm Oxy, pulled out in May 2016 ( MEES, 10 June 2016 ). Eni is stepping up its Gulf presence and is eying further assets in Oman ( MEES, 16 November ). (CONTINUED - 150 WORDS)