Page 261 - Records of Bahrain (7) (ii)_Neat
P. 261

Petroleum affairs                     651








               undertaking, but in choir desire to show the Buler that
               thoy aro trying every chance of obtaining more oil
               for him they have sought approval from their Head
               Office of an extensive programme of structure drilling
               in t,ho shoal. So far os can bo judged at present the
               structure is just on the Batirain side of the line wo

               have given os Lhe Bahrain-Qatar seabed boundary.
               4.       The Company also explained the efforts which
               they have made to find new sources of oil at greater
               depths in the main island than those at which it is
               now being produced. They have sunk tost wells to

               greater geological depths than any other Company in
               the Persian Gulf and have satisfied themselves that
               the chances of finding oil at these depths is extremely
               remote. They have however discovered two very largo
               fields of natural gas at unusually high pressure which

               aro not at prosont being exploited,     (Further discussion
               is taking place about the possible development of those
               gas fields). The facts therefore are that unless a
               new source of oil is found production in Bahrain can
                continue at its present level for a strictly limited

                period and must thereafter begin to decline. The
                Killer lvs not yet been told by the Com..winy that
                production must fairly soon begin to decline as they
               wish l.o have the exact figures available before'

               giving him this information and these are still being
               worked out. But even now, before lie has received
                this unwelcome news, he is constantly bemoaning the
               fact that Bahrain which was the first Persian Gulf

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