VOL. XXXV

NO. 36

8-JUNE-1992

Bahrain

Banoco Allocates $20mn for Drilling in Bahrain Oilfield

The Chief Executive of the Bahrain National Oil Company (Banoco), Mr. SalihShaikh 'Ali, stated on 31 May that a sum of $20mn is to be spent on the drillingof 50 shallow oil wells in the Bahrain oilfield over the next two years. The newdrilling program is intended to increase production from the Bahrain field,which has been gradually falling over the last few years and is currentlyaveraging between 42,000...