Tanmiah lists on Saudi Exchange after heavily oversubscribed IPO Investors show high level of confidence in leading Saudi food producer    Pakistan PM commends Bahraini king's strong support of Arab, Islamic causes Khan vows support for efforts to enhance security and stability in Arab world    MWL hosts historic gathering of Iraqi Islamic scholars in Makkah    Saudi and UAE chiefs of staff review IMCTC's counterterrorism efforts    Minister of communications explores areas of cooperation with UNESCO, OECD officials    Arab Coalition intercepts armed Houthi drone targeting Khamis Mushait    Turkish power plant 'at risk of being destroyed' by wildfires    Fully vaccinated three times less likely to be infected with COVID-19: UK study    No quarantine for fully vaccinated travelers from France as UK eases travel restrictions Bahrain, Qatar, UAE, India move to amber list    Dumat Al-Jandal wind farm turbine trial run begins    Transshipment containers at Saudi Ports increased 24% in H1 of 2021    Riyadh Theater Forum stages 'Wishes, holds symposium    CITC unveils gaming performance of Saudi Arabia's telecom service providers in Q2 2021    Al Burj, Chinar, CSG, Kashmir Stags cruise to comfortable wins in Kanoo League    Qualifying rounds for Women's Volleyball tournament to kick off on Thursday    Olympic athletes describe the power of sport to change the world    Qatar wins first Olympic gold    National Gallery of Australia to return $2.2m of 'stolen' artworks to India    Progress on tobacco fight, but new nicotine products pose increasing threat    KAMC in Makkah performs 6th artificial heart transplant surgery    Custodian of the Two Holy Mosques Directs KSrelief to Urgently Provide Malaysia with Medical, Preventive Equipment and Supplies to Address COVID-19 Pandemic    Custodian of the Two Holy Mosques Congratulates President of Maldives on Independence Day    Weather Forecast for Sunday    RSNF Commander Patronizes Ceremonial Launching of His Majesty's Ship "Jazan"    OIC Condemns Houthi Attempts to Target Civilians in Saudi Arabia    Philippines evacuates thousands as monsoon rains flood cities, provinces    Heavy rain in India triggers floods, landslides; at least 125 dead    U.S. Records 64,321 New Infections of Coronavirus    Without Fans, Tokyo Olympics Kicked Off    Pilgrims Perform Dhuhr and Asr Prayers at Arafat Holy Site    Dr. Mohammed Sulaiman Al-Jasser, Saudi Arabia's Pick to Chair IsDB Group for the next five years, unanimously approved by BoG Committee of Procedures    Saudi Press: Fitch affirms Saudi Credit Rating at "A" with a revised outlook to stable from negative    Handled Cargo at Saudi Ports Increases during June 2021    SDAIA, DARP & STC Launch Pilgrim's Smart Bracelet (NUSK)    Tabuk sculptor spends 8 years in carving entire Holy Qur'an on 30 marble slabs    2 Goals by Diaz Gives Colombia 3rd Place at Copa America    Yusuf Khan is dead, long live Dilip Kumar    Legendary actor Dilip Kumar, 98, passes away, and with him an era    Saudi Cinema Night at Arab World Institute in Paris Kicks Off    KSU Leads Joint International Scientific Project for Early Detection of Breast Cancer    Saudi Arabia to Participate in Cannes Film Festival 2021    Arab Cup U-17 Championship Draw Saudi Arabia, Morocco, Palestine, Kuwait, in the 1st Group    Bollywood star Aamir and wife Kiran separate after 15 years    AWI Hosts Saudi Cinema Nights in Paris    Brazil Beats Chile at Copa America Despite 2nd-Half Red Card    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Bahrain starts exploratory offshore drilling for oil and gas
Published in The Saudi Gazette on 23 - 06 - 2021

MANAMA — Bahrain's National Oil and Gas Authority (NOGA), in cooperation with the Italian Eni oil company, has started drilling the first exploration oil well in Block No. 1, which is an offshore area of over 2,800 km2, situated in the northern territorial waters of Bahrain with water depth ranging from 10m up to 70m, the Bahrain News Agency reported on Wednesday.
The drilling is part of the exploration and production sharing agreement signed between NOGA and Eni on May 1, 2019, to pursue petroleum exploration and production activities.
Commenting on the development, Bahrain's Oil Minister Sheikh Mohammed Bin Khalifa Al-Khalifa praised King Hamad Bin Isa Al-Khalifa's sound directives and unlimited support, lauding the major role played by the higher committee for energy and natural resources, led by Crown Prince Salman Bin Hamad Al-Khalifa, which seeks to increase Bahrain's energy sources and support the national economy.
The oil minister highlighted NOGA's strong relations with the Italian company, Eni, which is one of the largest international companies that possess advanced technologies, long experience, and qualified competencies in the field of drilling and exploration, adding that the move marks is one of the important moments in investing in the kingdom's marine natural resources.
He indicated that the Italian company, Eni, had already completed environmental and seabed surveys, ahead of the commencement of the drilling, adding that drilling operations are likely to continue for several months.
The minister stressed that exploration and exploration operations require several attempts, effort, time and continuous coordination with a number of the world's specialized companies to achieve the forecast economic goals.
The minister pointed out that Tatweer Petroleum Company had carried out a series of advanced geological and geophysical surveys, and drilled a number of experimental wells, noting that the results contributed to enhancing the high probability of the existence of quantities of oil and gas in the offshore areas.
He asserted that Tatweer Petroleum had completed all the technical and logistical preparations and procedures to pave the way for major international oil companies to invest in marine blocks (2,3,4), thus attracting these specialized international companies to sign exploration and production-sharing agreements.
It will also participate in international oil forums to meet with a number of specialized international companies and highlight Bahrain's investment opportunities.
Under the terms of the Exploration and Production Sharing Agreement, Eni is committed to drilling the exploration well, and conducting a number of geological studies.
If encouraging results are reached, the company may move to the later stages of the agreement, which may include conducting geological and seismic surveys and drilling additional wells in this block.


Clic here to read the story from its source.