Bahrain is pressing ahead with a host of oil and gas projects aimed at providing a major economic boost. The most eye-catching element is the planned development of the Khalij al-Bahrain tight oil reserves which the kingdom announced in 2018 (MEES, 6 April 2018).
Oil Minister Shaikh Muhammad Al Khalifa tells MEES that he is hopeful Bahrain will be able to bring an IOC onboard later this year to help develop the onshore/offshore prospect (MEES, 25 January for transcript). DeGolyer & MacNaughton certified the field as having 90bn barrels of oil and 13.7tcf gas in place. But unconventional reserves typically have low recovery rates of just 5-10%. (CONTINUED - 1112 WORDS)