Bahrain’s largest oil find estimated at 80 billion barrels
DUBAI, United Arab Emirates — The small island-nation of Bahrain on Wednesday announced the discovery of 80 billion barrels of shale oil, its largest oil and gas find ever.
Bahrain’s oil minister and energy executives detailed the find at a press conference, saying the tight oil was discovered in the offshore Khalij al-Bahrain Basin, which spans some 2,000 square kilometres (770 square miles) in shallow waters off the country’s western coast.
The field also contains an estimated 14 trillion cubic feet of gas.
Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa said the amount of oil that can be extracted from the Khalij al-Bahrain Basin is still being studied.