Article

2018-04-02 Arabia

Bahrain's Biggest Oil Find Since 1932 Dwarfs Reserves

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Posted by Besoeker 2018-04-02 07:35|| || Front Page|| [12 views ] Top

#1 they could use it

The economy in this country depends on petro chemicals.

The country, has, summed over the past 20 years been the best performing, least corrupt economy in the arab world.

On the other hand the country is really small, not much bigger than Singapore, not much smaller than Luxembourg.

Posted by lord garth 2018-04-02 11:18|| 2018-04-02 11:18|| Front Page Top

#2 The country, has, summed over the past 20 years been the best performing, least corrupt economy in the arab world.

A resort state of the Eastern World.
Hotels, tourism and alcohol with US Troops, Navy Fifth Fleet and contractors on R&R.

Posted by Skidmark 2018-04-02 13:59|| 2018-04-02 13:59|| Front Page Top

#3 ...Fellow 'Burgers,

Is is just me, or is anyone else remembering that just about every square inch of that part of the world has been poked, prodded, and/or drilled for oil over the last hundred years?
The Bahranis ain't stupid. I think they may have been sitting on this for a rainy day.

Mike

Posted by Mike Kozlowski 2018-04-02 15:20|| 2018-04-02 15:20|| Front Page Top

#4 This weekend they host the Formula 1 race which brings in big monied investors from both the Arab world as well as London... It is a "good week" for "good news".

Posted by Capsu78 2018-04-02 15:31|| 2018-04-02 15:31|| Front Page Top

#5 if Bahrain knew about this they should have drilled 15 years ago and took advantage of the high prices from 2006 to 2015 (average was about $100/bar).

My guess is that this field lies below a reservoir that was previously tapped.

Posted by lord garth 2018-04-02 15:34|| 2018-04-02 15:34|| Front Page Top

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