Bahrain’s Oil and Gas Holding Company (Nogaholding) signed a Letter of Intent (LoI) with US major Chevron on 2 April for evaluation of unconventional assets and potential LNG imports. The agreement marks the next phase of assessing the massive Khalij al-Bahrain (KAB), the discovery of which was announced last year (MEES, 6 April 2018).
An initial evaluation of the unconventional resource by Dallas-based DeGolyer and MacNaughton estimated that the play contains 80bn barrels oil in place and 13.7tcf gas in place, although only around 5-10% of this may ultimately prove recoverable. (CONTINUED - 939 WORDS)
