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FinancialNews
03-04-19
Bahrain, Chevron sign document for basin, LNG potentials
(MENAFN) Bahrain's Oil and Gas Holding Company and U.S-based Chevron penned a letter of intent on launching an assessment research for Khaleej Al Bahrain basin as well as potential liquefied natural gas (LNG).
Tatweer Petroleum is cooperating with Chevron under the document on examining the offshore potential of the basin.
Chevron is also collaborating with the Bahraini oil giant on reviewing possible chances for LNG procurement in the GCC nation.
"The appraisal of the unconventional play is underway in line with the directives of the Higher Committee for Natural Resources and Economic Security... to intensify exploration activities," stated Bahraini Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa.
MENAFN0304201900450000ID1098338340
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