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Thursday, February 15, 2007

Bahrain plans 700 wells in massive oil push

ABU DHABI — Bahrain plans to launch a major effort to explore for crude oil and natural gas.

The state-owned Bahrain Petroleum Co., or Bapco, intends to drill 700 wells through 2020 in an effort to increase the kingdom's oil reserves. Officials said the project would more than double the number of operational wells in in Bahrain.
Currently 650 of the 800 wells in Bahrain are deemed functional. Bapco has approved the drilling of 63 wells in 2007 and 2008, expected to increase oil production by 1,000 barrels per day.

Bahrain produces about 35,000 barrels of oil per day. The kingdom has the smallest energy production among Gulf Cooperation Council states.


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