April 1, 2018 / 1:04 PM / 4 months ago

Bahrain discovers largest oilfield in decades

RIYADH, April 1 (Reuters) - Bahrain said on Sunday it had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA.

The new light shale oil and gas resource is expected to contain many times the amount of oil produced by Bahrain’s only existing oilfield, as well as large amounts of gas, BNA reported.

The oil discovery is the kingdom’s largest since 1932, BNA said. It did not give any details on the oil reserves discovered.

Bahrain relies on the Abu Safa oilfield for the majority of its oil, and shares the field with Saudi Arabia. (Reporting by Sarah Dadouch; Editing by Rania El Gamal and Mark Potter)

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