Eni is expected to start drilling the first exploratory oil well in the northern maritime block, known as block 1, by the end of 2019 or early next year.
Bahrain’s Shura Council, the upper house of the National Assembly, has approved an oil exploration and production agreement between the country’s National Oil & Gas Authority (Noga) and Italy’s Eni. Under the terms of the agreement, Eni will pursue exploration activities in the offshore area of more than 2,800 square kilometres, located in the northern territorial waters of Bahrain, with water depth ranging from 10 metres up to 70 metres. The deal will allow Eni to invest in exploring the country’s recently discovered Khalij al-Bahraini field. Bahrain’s Council of Representatives approved the agreement in November 2019. The first exploratory well is due to be drilled in the first quarter of 2020. Under the terms of the deal, Bahrain will receive an initial $2m as production starts at the oil and gas field off the northern coast.
Eni will begin drilling the first experimental well in the first half of 2021.
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