Bahrain makes largest oil discovery in its history

Bahrain on Sunday (April 1st) announced it has discovered the largest oil and gas field in its history, AFP reported.

"The new resource is forecast to contain highly significant quantities of tight (light crude) oil and deep gas, dwarfing Bahrain's current reserves," said the country's Higher Committee for Natural Resources, which is chaired by Crown Prince Salman bin Hamad.

The find in Khaleej al-Bahrain, off the west coast, was "the largest discovery of oil in the country's history", it said in a statement.

Prince Salman said a press conference on Wednesday would "provide additional details on the discovery, including initial findings of size and extraction viability".

Manama is the smallest producer of hydrocarbons in the Gulf Co-operation Council (GCC).

Bahrain currently has only one oilfield with several hundred million barrels of crude reserves. The field was the first to be discovered in the Gulf, and the first to start production.

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