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04-03-19
Bahrain seeks to reach deal with U.S firms over tight oil
(MENAFN) Bahrain is speaking to U.S. oil firms with shale oil expertise about developing a vast oil and gas field revealed in 2018, and hopes to have an interested firm by the end of the year, the kingdom's oil minister stated.
Last April Bahrain emphasized that it had revealed its largest oil and gas find since 1932 off its west coast, assessed to cover at least 80 billion barrels of tight oil.
The first test well is being drilled now, Oil Minister Shaikh Mohammed bin Khalifa Al Khalifa informed Reuters in an interview. "We should have it flowing ... maybe by the end of April."
Tight oil is a kind of light crude oil held in shale deep underneath the earth's surface that is take out with hydraulic fracturing, or fracking, using deep horizontal wells.
MENAFN0403201900450000ID1098201956
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