This Domain is for Sale. To make an offer please get contact.
Make an Offer
  • Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result
No Result
View All Result
Maritime and Salvage Wolrd News - Latest Ship Technologies
No Result
View All Result

Bahrain Says Offshore Discovery Contains an Estimated 80 Billion Barrels of Tight Oil

marinesalvage by marinesalvage
February 18, 2023
in News
0
offshore drillship
offshore drillship

Bahrain Says Offshore Discovery Contains an Estimated 80 Billion Barrels of Tight Oil

Reuters

MANAMA, April 4 (Reuters)– A brand-new exploration off the coastline of Bahrain is approximated to include a minimum of 80 billion barrels of limited oil, the kingdom’s greatest ever before discover, Bahrain’s oil preacher claimed.

Bahrain claimed on Sunday it had actually found substantial limited oil and also deep gas sources off the west coastline of the kingdom.

Independent assessments by U.S.-based oil professionals DeGolyer and also MacNaughton and also oilfield solutions firm Halliburton had actually validated Bahrain’s discover of “highly significant quantities of oil in place for the Khalij Al Bahrain, with tight oil amounting to at least 80 billion barrels, and deep gas reserves in the region of 10-20 trillion cubic feet,” Oil Minister Sheikh Mohammed container Khalifa al-Khalifa claimed.

Tight oil is a kind of light petroleum kept in shale deep listed below the planet’s surface area.

“Agreement has been reached with Halliburton to commence drilling on two further appraisal wells in 2018, to further evaluate reservoir potential, optimise completions, and initiate long-term production,” he informed a press conference in Manama.

Sheikh Mohammed claimed he was unsure yet just how much of the approximated 80 billion barrels was recoverable, yet the kingdom intends to bring in international oil and also gas companies to create the sources.

“The newly-discovered resource, which officials expect to be ‘on production’ within five years, is expected to provide significant and long-term positive benefits to the kingdom’s economy – both directly and indirectly through downstream activities in related industries,” a declaration by Bahrain’s National Communication Centre claimed.

The brand-new power source is anticipated to include lot of times the quantity of oil generated by Bahrain’s existing oilfields, along with huge quantities of gas, state information company BNA reported on Sunday.

The little non-OPEC Gulf oil manufacturer obtains it oil earnings from 2 areas: the onshore Bahrain area, and also the overseas Abu Safah area, which is shared collectively withSaudi Arabia (Reporting by Davide Barbuscia; creating by Rania El Gamal; editing and enhancing by Jason Neely and also Adrian Croft)

( c) Copyright Thomson Reuters 2018.

Source of This New.

Tags: Bahrainbahrain discoveryoffshore oil and gas
Previous Post

Tit- for-Tat: China Retaliates with Duties on American Imports

Next Post

Ports of Indiana names new CEO

Related Posts

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

July 13, 2024
capesize bulk carrier terminal iron ore dry bulk
News

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter
News

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV
News

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites
News

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
odfjell
News

Odfjell Announces Layoffs, Reduction of European Officers

July 12, 2024
Next Post
Jody Peacock has succeeded Vanta E. Coda III as CEO of Ports of Indiana

Ports of Indiana names new CEO

Quick Search

No Result
View All Result

Recent Posts

  • Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located July 13, 2024
  • Capesize Rates at Six-Year Lows, Could Slide Further July 13, 2024
  • Cold Morning on the Chesapeake July 13, 2024
  • Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV July 13, 2024
  • Eco Marine Power and Nakashima Propeller Cooperate on Composites July 12, 2024

Categories

  • Informative
  • Law & Regulations
  • News
  • Technology
  • Tug&Barge&Salvage
Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located
News

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located

by marinesalvage
July 13, 2024
0

Hunt for Black Boxes Still On After AirAsia Plane’s Tail Located By Fathiya Dahrul and Rieka Rahadiana (Bloomberg) — Divers...

Read more
capesize bulk carrier terminal iron ore dry bulk

Capesize Rates at Six-Year Lows, Could Slide Further

July 13, 2024
jennifer turecamo moran tug chesapeake bay winter

Cold Morning on the Chesapeake

July 13, 2024
Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

Video: Aboard the Mighty CSCL Globe in Felixstowe – ShippingTV

July 13, 2024
Eco Marine Power and Nakashima Propeller Cooperate on Composites

Eco Marine Power and Nakashima Propeller Cooperate on Composites

July 12, 2024
Maritime and Salvage Wolrd News - Latest Ship Technologies

© 2023 - Marine-Salvage.net

Navigate Site

  • Home Page
  • Privacy Policy
  • Contact Us
  • About Us

Follow Us

No Result
View All Result
  • Home
  • News
  • Technology
  • Law & Regulations
  • Informative
  • Tug&Barge&Salvage

© 2023 - Marine-Salvage.net

Manage Cookie Consent
We use cookies to optimize our website and our service.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}