Bahrain Seals The Deal With Eni

Three years ago Bahrain’s upstream sector looked on its last legs. But 2019 has seen business booming, with Eni taking an offshore block, while Chevron and Total have inked preliminary deals.

Bahrain state oil firm Noga signed an exploration and production sharing agreement (EPSA) with Italy’s Eni this week. The agreement signed on 1 May covers the offshore Block 1 to the north of the island kingdom (see map), for which Eni initially signed an MoU in January ( MEES, 18 January ).

This week also saw French major Total sign an MoU with state firm Tatweer Petroleum covering “ongoing exploration and production activities in the recently discovered unconventional Khalij Al-Bahrain basin, as well as training and development of professionals from Tatweer Petroleum in the fields of LNG trading and oil and gas exploration and production.”

That itself came just a few weeks after Chevron signed a letter of intent (LoI) with Bahrain covering evaluation of the Khalij Al-Bahrain’s unconventional assets and potential LNG imports ( MEES, 5 April ). (CONTINUED - 562 WORDS)