Italy's Eni to start drilling for oil in Bahrain this year

Sheikh Mohammed bin Khalifa Al Khalifa said the National Oil and Gas Authority will conduct studies on more oil and energy discoveries
Italy's Eni to start drilling for oil in Bahrain this year
H.E. Shaikh Mohammed bin Khalifa Al Khalifa, Minister of Oil and Mr. Claudio Descalzi, Eni's CEO signed the memorandum of understanding (MoU)
By Staff writer
Mon 14 Jan 2019 10:39 AM

Bahrain’s National Oil and Gas Authority is finalising the terms of the concession contract to be signed with Eni that the kingdom’s oil minister said will allow the Italian energy company to start drilling this year.

The agreement covers the exploration of oil and gas in Bahrain’s northern maritime bloc, according to Sheikh Mohammed bin Khalifa Al Khalifa.

Speaking the sidelines of the signing ceremony of the MoU between the National Oil and Gas Authority and Eni, Sheikh Mohammed said the Italian firm will begin drilling for the first oil exploratory well in the northern maritime bloc (No. 1) this year. He said approval has been given by the Higher Committee for Natural Resources, Cabinet, Shura and representatives councils.

He said the National Oil and Gas Authority, in cooperation with Petroleum Development Company (Tatweer), will conduct studies on more oil and energy discoveries in the next few years.

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