DUBAI, United Arab Emirates — The small island-nation of Bahrain last week announced the discovery of 80 billion barrels of shale oil, its largest oil and gas find ever.
Bahrain’s oil minister and energy executives detailed the find at a press conference, saying the tight oil was discovered in the offshore Khalij al-Bahrain Basin, which spans some 770 square miles in shallow waters off the country’s western coast.
The field also contains an estimated 14 trillion cubic feet of gas.
Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa said the amount of oil that can be extracted from the Khalij al-Bahrain Basin is still being studied.
Still, the discovery dwarfs the onshore Bahrain oil field, which produces around 45,000 barrels per day. The non-OPEC country also produces close to 160,000 barrels of oil per day from an offshore field it shares with Saudi Arabia.