Back toour markets

Bahrain Overview

Bahrain

in figures

Oil Reserves124.6 million barrels

Oil Production205,000 bopd

Gas Reserves200 bcm

Gas Production15.1 bcm

Bahrain: Steady Output Offshore

Unlike its neighbours in the Gulf, the Kingdom of Bahrain is a minor oil producer, with only 124.6 million barrels of proven reserves. The country’s oil is developed largely by key state players such as Bahrain Petroleum Company (Bapco), National Oil and Gas Authority and its investment arm, Nogaholding. With such small reserves, Bahrain began diversifying and liberalising its economy in the 1970s and now boasts developed non-hydrocarbons sectors such as Islamic banking, tourism, and construction, as well as refined infrastructure.

The government still relies on oil and gas for roughly 86% of its revenues. Of these revenues, roughly 80% come from the 300,000-bopd Abu Safa offshore oilfield, which is owned and operated by Saudi Aramco but from which 50% of the revenues are transferred to Bahrain. The remaining 20% comes from Bahrain’s only oilfield, Awali, which reached record production levels in June 2015, producing some 56,000 bopd. Bahrain’s domestic consumption of oil has doubled from 25,000 bopd in 2001 to 50,600 bopd in 2015.
On December 10, 2016, Bahrain pledged to cut around 10,000 bopd from its production in 2017 in order to beef up oil prices.

Bahrain is taking a series of steps to expand its capacity to produce and refine oil and gas. Nogaholding is also investing heavily in the oil industry. In March 2016, Nogaholding announced it had signed a USD 570-million Murabaha [kind of Islamic financing structure] financing facility, which will serve to fund oil and gas projects such as Bahrain’s newbuild LNG terminal. Other projects include the expansion of Bahrain’s Sitra refinery from its current level of 267,000 bopd to 360,000 bopd. Sitra currently refines 250,000 bopd from Saudi Arabia’s Abqaiq processing facility, which is fed by the Arabia-Bahrain (AB) pipeline. Saudi Aramco is currently replacing the old AB pipeline with a new one that will expand capacity from 230,000 bopd to 350,000 bopd and appears on a schedule to open in 2017.

Philippe Peccard of Linde
Interview
Abu Dhabi - June 14, 2021

Philippe Peccard, managing director of Linde Gas & Engineering Middle East, talks to The Energy Year about what needs to be done…

READ MORE
Abdulnasser BIN KALBAN of EMIRATES GLOBAL ALUMINIUM
Interview
Abu Dhabi - February 17, 2021

Abdulnasser bin Kalban, CEO of Emirates Global Aluminium (EGA), talks to The Energy Year about future growth drivers for the…

READ MORE

Bahrain books

More books
Safwat Hakam Rockwell Saudi
Interview
Saudi Arabia - September 01, 2020

Safwat Hakam, country director at Rockwell Automation, talks to The Energy Year about shifts the company has seen in the wake of…

READ MORE
Ziad Jeha Schlumberger
Interview
Saudi Arabia - July 02, 2020

Ziad Jeha, Schlumberger’s president for Saudi Arabia and Bahrain, talks to The Energy Year about how the company has dealt…

READ MORE
Blocks, fields and infrastructure Map Bahrain

Bahrain maps

Blocks, Fields and Infrastructure Bahrain

    ALL MAPS
    KUWAIT FINANCE HOUSE
    Interview
    Kuwait - November 26, 2019

    Mazin Saad Al Nahedh, group CEO of Kuwait Finance House (KFH), talks to TOGY about the diversification of Kuwait’s economy,…

    READ MORE
    Hong NAMKOONG, Executive Vice-President and Managing Director, UAE of SAMSUNG ENGINEERING COMPANY
    Interview
    Abu Dhabi -

    Hong Namkoong, executive vice-president and managing director in the UAE for Samsung Engineering Company, talks to TOGY about…

    READ MORE
    Bahrain find holds 80 bln barrels: report
    NEWS
    Bahrain - April 04, 2018

    Unlike its neighbours in the Gulf, the Kingdom of Bahrain is a minor oil producer, with only 124.6 million barrels of proven reserves. The country’s oil is developed…

    READ MORE
    Bahrain finds massive oilfield
    NEWS
    Bahrain - April 02, 2018

    Unlike its neighbours in the Gulf, the Kingdom of Bahrain is a minor oil producer, with only 124.6 million barrels of proven reserves. The country’s oil is developed…

    READ MORE
    Safwat Hakam Rockwell Saudi
    Interview
    Saudi Arabia - January 25, 2018

    Safwat Hakam, country sales director for Saudi Arabia and Bahrain at Rockwell Automation, talks to TOGY about the company’s recent activities in the Saudi oil and gas…

    READ MORE
    Interview
    Saudi Arabia - January 12, 2018

    Simon Collis, UK ambassador to Saudi Arabia, talks to TOGY about Saudi investment in the UK, Vision 2030 and what the new drive for diversification means for future…

    READ MORE

     

    WHOSE PLATFORM IS THIS?
    ASK US

    • Do you have a question for TOGY about oil and gas?
    • If we know, we’ll tell you.
    • If not, we’ll ask the experts in the field.