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MEOG FIELD FOCUS MEOG
Tatweer drums up interest
in Khaleej Al Bahrain
BAHRAIN BAHRAIN’S Tatweer Petroleum said this week initiated talks with international companies, pri-
that it has made contact with 60 international marily those engaged in the US shale industry,
companies as it seeks to attract investment to about developing KAB.
develop the offshore Khaleej Al Bahrain (KAB) In April last year the discussions bore fruit
field. in the form of a letter of intent (LoI) signed by
Discovered in April 2018, KAB is estimated NOGA’s investment arm Nogaholding and shale
to hold 80bn barrels of tight oil. Halliburton was specialist Chevron calling for the US major to
contracted to carry out initial drilling and well assist Tatweer in evaluating the basin. No further
tests in the 2,000-square km area. details on the terms of the accord were disclosed.
In a statement carried by local media, Tat- Then in May, the Bahraini government
weer’s director-general of petroleum explora- signed an exploration and production-sharing
tion and development, Yahya Al Ansari, said: agreement (EPSA) with Eni for an offshore block
“Scientific facts and technical data in this regard in the north.
have been submitted to international companies In February this year, the Italian firm signed
specialised in unconventional oilfields to attract an MoU with Tatweer to explore collaboration in
investment.” various domains, including gas.
Al Ansari said that he hoped that oil prices Al Ansari announced plans to drill eight new
would rebound sufficiently while noting that offshore wells to a depth of 8,000-13,000 feet
Bahrain would endeavour to provide an attrac- (2,438-3,962 metres) and a horizontal extension
tive environment for investors to collaborate on of 914-3,000-plus metres.
the development of the resources. He added: “We are talking about another
The onshore Awali field, the site of the GCC’s major discovery with 80bn barrels, an oilfield
first oil find in 1932, remains the kingdom’s which requires a special infrastructure, trans-
sole source of domestic production of around mission pipelines and facilities, technology
46,000 barrels per day. Manama also receives a equipment to suit each drilling and produc-
50% share of the 150,000 bpd produced by Saudi tion stage. All this needs patience and metic-
Aramco at the offshore Abu Sa’fah field. ulous planning. Such efforts will contribute
The government’s National Oil & Gas to the kingdom’s growth and welfare of future
Authority (NOGA) – Tatweer’s parent – has generations.”
Week 48 02•December•2020 www. NEWSBASE .com P7
