Article length: 276 words
Bahrain: Government gives update on oil and gas finds as it seeks to raise $1bn
Bahrain is finalising development plans for its onshore Pre-Unayzah gas field and is still searching for strategic investors for Khalij Al-Bahrain, an offshore unconventional oil discovery, according to a Ministry of Finance (MoF) presentation to prospective investors in an estimated $1bn two-tranche bond issue. Both discoveries were announced to great fanfare in April 2018. However, this was not followed by any material updates of their reserves size or possible recovery rates.
Credit value: 1