Page 269 - Records of Bahrain (7) (ii)_Neat

Petroleum affairs 659

Cun

The method by which the Company intends to operate tho.
1'ield will entail a gradual reduction in production rate
starting in tliroo to lour years, and will maintain a
reasonable level of production during the period of the next
thirty to forty years with a yield estimated to be greatly
in excesu of that which would bo obtained if the rate wore
hold at 30,000 barrels por day or higher, It is on the
basis of achieving this important increase in recovery that
the Compuny had intended, in the very near future, to explain
to Your Highnous the necessity of reducing production rate
within the next four years with the object of making clear
that thut courno of action is in the best intorosts of all
concerned.
Tho reports on the studios which have been mado,
together with all of the information upon which these
studies have been based, are available to your Uighnoas at
any time. Chould Your Highness wish to employ the services
of an outside consultant to go into the matter fully, such
action will be wolcomoo by tho company and all tho necessary
information will be made available for that purpose, An
independent study of this nature will show that the Company
has always produced, and will continue to produce, the
Ualirain Field "in accordance with good oilfield practico"
and in tho bout interests of your jiighnoss and the people of
Ha bruin.
Uuiu'.l ending,
{si gi ioi.l; C. k. oarlchurst
Chief Local Uepreoontative,
Tho IJahrain petroleum comapny Limited.