With Bahrain looking to revitalize its oil and gas sector, 2019 has got off to a good start. Preliminary upstream deals have been struck with majors Eni and Chevron, with the latter to evaluate the potentially game-changing Khalij al-Bahrain unconventional basin.
Bahrain’s Oil and Gas Holding Company (Nogaholding) signed a Letter of Intent (LoI) with US major Chevron on 2 April for evaluation of unconventional assets and potential LNG imports. The agreement marks the next phase of assessing the massive Khalij al-Bahrain (KAB), the discovery of which was announced last year (MEES, 6 April 2018).
An initial evaluation of the unconventional resource by Dallas-based DeGolyer and MacNaughton estimated that the play contains 80bn barrels oil in place and 13.7tcf gas in place, although only around 5-10% of this may ultimately prove recoverable.
Oil Minister Sheikh Muhammad Al Khalifa said this week that “the appraisal of KAB unconventional...