Page 92 - Records of Bahrain (5) (ii)_Neat

414 Records oj Bahrain

Formation of a Resorvo Fund for Bahrain.
0O0

X* Data.
*
(a) Excluding the possibility of now oil deposits
• The indica-
•lons at pre- boing found at greater depths than the preeent pro­
jpnt are fairly
lopoful. ducing wello and of other deposits in the Unallotted
Area, wo must first make a guoos at the possible
yield from the oxisting Bapoo Field. Bapco people

are very chary of offering any estimate, but we
have the followingi-
(i) A Refinery is already working, capable
of dealing with roughly one million tons of oil
per annum, and it seemo to be the general Impression
that it will bo working for fully 15 years. Actual­

ly the indications are that more than one million
tons of crude oil will pass through the guages this
year, and consequently a million tons a year is pro­
bably a minimum figure. It is believed that the Com­
pany has sunk £4 millions, and they would not have

done that if they feared any possibility of an early
dry-up. Thus allowing for a minimum yield of one
million tons for 16 years, royalty on 16 million
tons (allowing for deductions for local use) can
be put at Re. 440 lakhs.

(ii) In January 1937 Colonel Looh was told by
Mr. Herron, President of Bapco, that the estimated
amount of oil available was 100,000,000 barrels.
Incidentally he himself estimated the lifd of the
field at 16 to 20 years, confirming the assumption
made in (i) above. Again allowing for local use,
we might convert Mr. Herron* s figure into 12i mil­
lion tons paying royalty. This again gives a rough

total of 440 lakhs of rupees in royalty.
(b)(i)/-