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
/territory