Bahrain Discovers Largest Oil Field With 80 Billion Barrels In Reserves | Zero Hedge
Description: Bahrain officials have revealed that the tiny gulf kingdom has discovered some 80 billion barrels of shale (otherwise known as tight) oil...

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# Bahrain Discovers Largest Oil Field With 80 Billion Barrels In Reserves

Bahrain officials have revealed that the tiny gulf kingdom has discovered some 80 billion barrels of shale (otherwise known as tight) oil - the kingdom's largest oil and gas find ever. The field also discovered 14 trillion cubic feet of natural gas beneath an existing field.

Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa said the kingdom has not yet determined how much of the oil can be easily extracted, according to the Associated Press.

The oil fields were discovered in the offshore Khalij al-Bahrain Basin, which covers some 770 square miles in the shallow waters off Bahrain's west coast.

The underwater shale would dwarf the country's existing reserves.

According to figures from the US Energy Administration, Bahrain currently pumps about 45,000 barrels a day from its Bahrain Field. It also shares income from a deposit with Saudi Arabia that produces about 300,000 barrels a day.

> "Initial analysis demonstrates the find is at substantial levels, capable of supporting the long-term extraction of tight oil and deep gas," the Sheikh said.

He added during the news conference, which was held in Manama on Wednesday, that Bahrain's National Oil and Gas Authority hoped to lure foreign oil and gas firms to develop the field where the reserves were found, per the BBC.

Bahrain has been pumping oil since 1932 and was among the first Arab Gulf states to extract oil.

According to the Guardian, industry consultants DeGolyer and MacNaughton (Demac) have worked with Bahrain to evaluate the newfound reserves.

> "Demac evaluated the reservoir and test data, evaluated volumetric and recovery potential, and provided reports documenting both prospective and contingent resources. This is a project which breaks new ground for the industry," a spokesperson said.

The country has not historically been a major oil producer - but the new field, which officials said could come online within five years, has the potential to dramatically change that. According to the initial estimates, the oil deposits are roughly the size of Russia's oil deposits.

It could also help bolster the sagging Bahrainian economy, which has suffered from low oil prices and unrest among the majority Shia population. The country, like most of its neighbors, is run by a Sunni monarchy, and low oil prices have forced it to cut back on popular government handouts, leading to a some unrest.

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vato poco Thu, 04/05/2018 - 04:20 Permalink

that whole "oil comes from dead dinosaurs" theory not lookin too good these days. I wonder what *other* religiously-believed theories will be proven to be wrong soon?

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Haus-Targaryen vato poco Thu, 04/05/2018 - 04:21 Permalink

I hope they're ready for an American-sized dose of freedom.

In reply to that whole "oil comes from… by vato poco

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Crazy Or Not Haus-Targaryen Thu, 04/05/2018 - 05:02 Permalink

Bahrain's long existing "Well #1" covers about 80% of the land mass of the Main Island. There have been reports for some time of fields in the *Disputed* waters between Bahrain and Qatar.....now that Qatar is in the International Community doghouse for paying Bllions to Iran for hostages...is an opportune time to assert a claim over said waters.

https://www.geoexpro.com/articles/2012/12/bahrain-80-years-and-still-pr…

In reply to I hope they're ready for an… by Haus-Targaryen

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Multi Crazy Or Not Thu, 04/05/2018 - 06:28 Permalink

But we are well past peak oil, right?

In reply to Bahrain's "Field #1" covers… by Crazy Or Not

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Dump Multi Thu, 04/05/2018 - 06:41 Permalink

Peak oil went out the window with EVs

In reply to But we are well past peak… by Multi

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cheka Dump Thu, 04/05/2018 - 07:25 Permalink

peak oil dupes = 'free' trade dupes = globalist warming dupes

three of nyc's greatest scams

In reply to Peak oil went out the window… by Dump

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DillyDilly cheka Thu, 04/05/2018 - 07:29 Permalink

Peak Dinosaur!

They'll soon have a visit from TyranNICAL-SAURUS Rex.

In reply to peak oil dupes = 'free'… by cheka

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dark pools of soros DillyDilly Thu, 04/05/2018 - 08:04 Permalink

fossil fuel is really recycled fuel and should be rebranded as such

In reply to Peak Dinosaur!… by DillyDilly

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Arnold dark pools of soros Thu, 04/05/2018 - 08:23 Permalink

https://www.reuters.com/article/us-oil-oldest/oldest-continually-operat…

In reply to fossil fuel is really… by dark pools of soros

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GunnerySgtHartman Arnold Thu, 04/05/2018 - 10:36 Permalink

Completed in May, 1860, the Rathbone well in West Virginia has that one beat by 15 months. It still pumps oil and gas today, and you can buy oil samples from it.

http://www.waymarking.com/waymarks/WM17HM_Rathbone_Well

In reply to https://www.reuters.com… by Arnold

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D503 Arnold Thu, 04/05/2018 - 10:41 Permalink

"the kingdom has not yet determined how much of the oil can be easily extracted,"

This is the only statement that matters. Anyone can say they've discovered "X" but they just can't determine how to deliver "X" and prove their claim.

It's insane watching you people bullshit about "dead dinosaurs" when that was merely how it was explained to children, meanwhile you can't even read the second paragraph in an article.

Even if every barrel was recoverable it's only good for ~2 years of consumption, at current rates of consumption.

That means no growth people.

In reply to https://www.reuters.com… by Arnold

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Adolph.H. Crazy Or Not Thu, 04/05/2018 - 06:30 Permalink

Nice discovery, did they used this method to get to their findings:

http://metro.co.uk/2018/04/03/man-filmed-sex-ninth-hole-golf-course-743…

I wonder how this will play out with the Saudi and their depleted fields whereas they have problems with the empty shell that is the upcoming Aramco IPO...

Will they invade or invite them in their love hotel near Riyadh to drill some more holes?

In reply to Bahrain's "Field #1" covers… by Crazy Or Not

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skbull44 Adolph.H. Thu, 04/05/2018 - 06:46 Permalink

If actual 'estimate' is accurate, and if it is all 'recoverable', that is about 800 days of world supply at current consumption which increases every year...so maybe about 2 years worth.

'Discoveries' have fallen off a cliff over the years and although these finds are marketed as yet another indication oil is in infinite supply, the truth is quite different.

If oil were so abundant and its accessibility so easy and inexpensive, the US Empire would not be invading and occupying Middle Eastern countries...

https://olduvai.ca

In reply to I wonder how nicely this… by Adolph.H.

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house biscuit skbull44 Thu, 04/05/2018 - 07:09 Permalink

Seems to be a sensible response

But leaves me wondering how much knowledge/availability re: oil is suppressed by TPTB in order to manipulate scarcity

Since it does appear that Big Oil was an important proximate cause of the Squid's hegemony

In reply to If actual 'estimate' is… by skbull44

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skbull44 house biscuit Thu, 04/05/2018 - 07:18 Permalink

I have little doubt problems are exacerbated by the-powers-that-be. Sociopaths never let a good crisis go to waste.

https://Olduvai.ca

In reply to Seems to be a sensible… by house biscuit

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Secret Weapon skbull44 Thu, 04/05/2018 - 08:22 Permalink

There is plenty of oil. The issue is that the cost of extraction, processing and delivery is quickly reaching a point of being a negative return on energy acquired versus energy expended.

In reply to If actual 'estimate' is… by skbull44

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PT Adolph.H. Thu, 04/05/2018 - 06:55 Permalink

I'm hearing some terrifying things about Bahraini terrrrsts and Bahraini weapons of mass destructions and Bahraini govt murdering their own peoples in terrifying manners and, and, and ... GASP!!!! Bahraini Hackers!!!!!!!

I think Bahraini hackers infiltrateted Farcebook and made Hitlery lose the electionss!

In reply to I wonder how nicely this… by Adolph.H.

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PT PT Thu, 04/05/2018 - 06:58 Permalink

... and, Gasp! Gasp! I also have it on good authority that Bahrainis LIKE to have HETEROSEXUAL SEX!!!!!!!!!!

<Aaaaarrrgghhh!!! Panic, panic, run around in a daze ...>

In reply to I'm hearing some terrifying… by PT

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PT PT Thu, 04/05/2018 - 07:04 Permalink

That does it! We had better round up some freedom fighters and give them some personal defence rifles and free the fuck outta them! Now can I haz a cookie?

In reply to ... and, Gasp! Gasp! I also… by PT

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house biscuit PT Thu, 04/05/2018 - 07:12 Permalink

You do realize that even your first post was a trope that has been played-out & flat for years now, right.....So how do you think the next two posts look? A little breathless, maybe...

Stop & think before your next self-congratulatory keyboard spasm of irrelevancy

In reply to That does it! We had better… by PT

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PT house biscuit Thu, 04/05/2018 - 07:38 Permalink

And yet for some reason it still works. I thought I woz a ZH zombie but perhaps I'm not so bad compared to you. You've already got sick of that kind of stuff. You must have seen a lot of it.

In reply to You do realize that even… by house biscuit

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Ban KKiller house biscuit Thu, 04/05/2018 - 08:38 Permalink

No, just punch. Fucking newbie.

In reply to You do realize that even… by house biscuit

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FEDbuster house biscuit Thu, 04/05/2018 - 10:08 Permalink

They will be left alone as long as they take fiat dollars for their Texas Tea. Demand gold or Petroyuan in payment, well then it's game on.

In reply to You do realize that even… by house biscuit

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LaugherNYC Adolph.H. Thu, 04/05/2018 - 09:51 Permalink

Is that your first post ever that does not call for the extermination of the Joos?

Keep it up. And welcome to the world of civil discourse.

Or civil intercourse, as the case may be.

There’s a first time for everyone.

In reply to I wonder how nicely this… by Adolph.H.

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Someone Else Haus-Targaryen Thu, 04/05/2018 - 06:45 Permalink

Ready or not, they are getting "free" if the US has to kill every one of them and destroy every building to do it. Just like in Iraq, Libya and Syria.

Because after all its only with chaotic rule, smaller populations and eliminated infrastructure that you CAN be free and less dependent on......things.....right? So America will be doing them a SERVICE with all this freedom. And all the American military people pushing the buttons, dropping the bombs and pulling the triggers are of course heroes making US free at HOME.

In reply to I hope they're ready for an… by Haus-Targaryen

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PT Someone Else Thu, 04/05/2018 - 07:06 Permalink

Apologies, it's all my fault. One of my life aims was to find an alternative energy source and then this kind of thing would never happen but I never quite got there, in fact it is hard to say I even started. So sorry, maybe tomorrow ...

In reply to Ready or not, they are… by Someone Else

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sherlockolms Haus-Targaryen Thu, 04/05/2018 - 06:49 Permalink

Delivered by the Saudis and Israel.

In reply to I hope they're ready for an… by Haus-Targaryen

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Jack Oliver Haus-Targaryen Thu, 04/05/2018 - 07:14 Permalink

Yeah - The OIL curse !

Have OIL - get bombed !!

In reply to I hope they're ready for an… by Haus-Targaryen

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DillyDilly Jack Oliver Thu, 04/05/2018 - 07:30 Permalink

and a Rothschild Central Bank.

Discovering oil is like a redneck or ghetto dindu winning the lottery. Nothing good ever happens after that.

In reply to Yeah - The OIL curse ! … by Jack Oliver

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PT DillyDilly Thu, 04/05/2018 - 07:41 Permalink

Wouldn't it be funny if the geologists were lying? Imagine the mischief they could create ...

In reply to and a Rothschild Central… by DillyDilly

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Dugald Haus-Targaryen Thu, 04/05/2018 - 08:35 Permalink

China to build fortified Island as this is now part of the China sea,

In reply to I hope they're ready for an… by Haus-Targaryen

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Yellow_Snow Haus-Targaryen Thu, 04/05/2018 - 08:48 Permalink

They shouldn't have said anything... unwelcome guest arriving. Amerika, Israhel, and Saudi's

In reply to I hope they're ready for an… by Haus-Targaryen

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HisBoyElroy Haus-Targaryen Thu, 04/05/2018 - 09:02 Permalink

Pretty sure the Israeli people have a right to this oil ..... you know that whole chosen by god thing.

In reply to I hope they're ready for an… by Haus-Targaryen

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CynicClinic Haus-Targaryen Thu, 04/05/2018 - 09:28 Permalink

LOL! We must civilize them and "give" them democracy so they can be a free society like ours.

In reply to I hope they're ready for an… by Haus-Targaryen

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plexodus vato poco Thu, 04/05/2018 - 04:39 Permalink

You spelled forests wrong. And on which 'theory' are you hanging on to? The flat earth or the Xenu alien descending?

In reply to that whole "oil comes from… by vato poco

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Zero Point plexodus Thu, 04/05/2018 - 04:59 Permalink

Abiogenic oil. It's been debunked so thoroughly it's probably true.

In reply to You spelled forests wrong… by plexodus

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Crazy Or Not Zero Point Thu, 04/05/2018 - 05:06 Permalink

Nah, its residue from bodies dumped down Volcanoes by aliens* ;/
(*as per Scientology claims :D )

In reply to Abiogenic oil. It's been… by Zero Point

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OutaTime43 Zero Point Thu, 04/05/2018 - 05:45 Permalink

Anyone with a high school chemistry background should realize the abiogenic theory is bunk.

In reply to Abiogenic oil. It's been… by Zero Point

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BennyBoy OutaTime43 Thu, 04/05/2018 - 06:19 Permalink

Time for US to invade and conquer a hundred mile wide strip of Iran on the Persian Gulf, Strait Of Hormuz and Gulf of Oman.

After it stops building new bases in Syria.

And bombing women, children, hospitals, schools and spreading cholera in Yemen.

In reply to Anyone with a high school… by OutaTime43

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Casey Stengel BennyBoy Thu, 04/05/2018 - 06:44 Permalink

It's called the Central Bank/Warfare model.

In reply to … by BennyBoy

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gwar5 OutaTime43 Thu, 04/05/2018 - 07:15 Permalink

Actually you can create oil from rocks. Pretty simple formula if my memory serves:

CaCO3 + extreme Heat + extreme Pressure = Oil

It's already been done in the lab recreating the conditions found in the Earth.

The other interesting thing about oil deposits, the Russians discovered long ago, is that the element Helium is usually found in high amounts with the oil deposits. But Helium is so light it should not be there because it wouldn't go down with the dinosaurs unless, of course, it was following the oil on its way up to the surface from cracks in the crust. That's the theory anyway. The other thing is that oil wells pumped dry often fill with more oil after some years go by.

Dinosaur oil theory takes a Mulligan on all of that. I think T. Boone Pickens was a proponent of abiogenic oil.

In reply to Anyone with a high school… by OutaTime43

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PT gwar5 Thu, 04/05/2018 - 07:48 Permalink

Something is missing from that formula. Add some Hydrogens, that will help.

EDIT: Some red arrows I MIGHT rightfully deserve, but pointing out a lack of Hydrogens in a formula that supposedly shows us possible origins of HydroCarbons???

Last chance, Ca(HCO3)2 ???? I really don't know but you definitely need some Hydrogens there somewhere. Or does the Calcium undergo nuclear disintegration? That might work ...

In reply to Actually you can create oil… by gwar5

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Arnold OutaTime43 Thu, 04/05/2018 - 08:27 Permalink

It's something they know even on Titan.

In reply to Anyone with a high school… by OutaTime43

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quadraspleen vato poco Thu, 04/05/2018 - 05:07 Permalink

Did someone say peak oil?

In reply to that whole "oil comes from… by vato poco

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machiavellian-trader vato poco Thu, 04/05/2018 - 05:11 Permalink

This should title should be edited as Bahrain is owned Saudi.

Yemen wont give up their untouched oil reserves in the north so therefor they must be removed.

In reply to that whole "oil comes from… by vato poco

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oncemore1 machiavellian-trader Thu, 04/05/2018 - 05:19 Permalink

Owned by Saudi...,.

Rather MBZ is the chief and MBS is the follower chieftain.

In reply to This should title should be… by machiavellian-trader

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Crazy Or Not oncemore1 Thu, 04/05/2018 - 05:50 Permalink

June 2018 WSJ headline... Trump secures $100Bn arms deal with K.o.Barhain

More Rockin in the Casbah to follow. ;/

In reply to Owned by Saudi...,… by oncemore1

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machiavellian-trader vato poco Thu, 04/05/2018 - 05:13 Permalink

The whole "dinosaurs" existed is laughable.

Forget abut the theory that oil comes from their fossils..... shit like that cracks me up.

In reply to that whole "oil comes from… by vato poco

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blentus machiavellian-trader Thu, 04/05/2018 - 05:26 Permalink

Earth is flat?

Earth is 10,000 years old?

They are from the government, they are here to help?

In reply to The whole "dinosaurs"… by machiavellian-trader

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OutaTime43 machiavellian-trader Thu, 04/05/2018 - 05:46 Permalink

I guess all those bones in the ground were what then?

In reply to The whole "dinosaurs"… by machiavellian-trader

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