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E & P News

2018

Apr 2018: Bahrain made a significant oil discovery off its west coast (Khaleej al-Bahrain basin) in 4Q 2017. It contains tight oil and deep gas in Khuff reservoirs. The country may start the development of the tight gas reserves but it is also bringing onstream an LNG import terminal in 2019 to meet rising domestic demand.

2017

No significant news in 2017.

2016

Dec 2016: An LNG receiving and regasification terminal is due to be completed in early 2019 comprising a floating storage unit (FSU), receiving jetty, regasification platform and gas pipelines to an onshore receiving facility. Bahrain LNG is owned by the Oil and Gas Holding Co. and Teekay, Gulf Investment Corp., and Samsung.

Nov 2016: The Government has invited Eni to study and assess the potential of some exploration and production assets. Four agreements have been signed between the Bahrain Petroleum Company (BAPCO), Tatweer Petroleum and Eni.

May 2016: Mubadala Petroleum and Occidental have reached an agreement with the Bahraini authorities to exit Tatweer Petroleum, the joint operating company that has managed the Awali field operations since 2009. Total petroleum production capacity at the Awali field is rising due to redevelopment by Tatweer.

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