Feb 2020: The Minister for Oil and Chairman of Tatweer Petroleum signed an MoU with ENI. Its aim is to enhance collaboration in the energy sector, including renewable energy, LNG supply, and exploration. Eni began operating in Bahrain in 2019 with 1 offshore exploration license.
May 2019: Eni has signed an Exploration and Production Sharing Agreement (EPSA) with the National Oil and Gas Authority of Bahrain (NOGA) for offshore Block 1 (water depth up to 70m) to pursue exploration activities.
Apr 2019: In 2018 the National Oil and Gas Authority (NOGA) announced the country’s largest oil and gas discovery in the offshore Khaleej Al-Bahrain Basin. The discovery could hold large volumes of tight oil and deep gas. If developed it would be the world’s first commercial offshore shale oil production. Two rigs are engaged in a 2-year drilling program to evaluate the resource.
Jan 2019: An MoU has been signed between the National Oil and Gas Authority of the Kingdom of Bahrain (NOGA) and Eni for exploration of offshore Block 1 in northern territorial shallow waters.
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.
No significant news in 2017.
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.