Banoco Approves $60mn Five-Year Development Program for Awali Oilfield 

The Board of Directors of the Bahrain National Oil Company (Banoco) has approved a $60mn five-year development program for Bahrain's Awali oilfield aimed at maintaining the field's output - running currently at around 42,000 b/d - by the beginning of the 1990s.

The project, due to start in 1986, envisages the drilling of 80 new wells in the field at a rate of 20 per year. Since 1983 Banoco has...