Black gold literally built modern Bahrain, contributing over 70% of government revenues and accounting for 15% of GDP. With first oil exports starting in 1934 from the mighty Awali onshore field amidst limited reserves, Bahrain now focuses on leveraging technology to optimize maturing wells productivity while exploring recent promising offshore gas discoveries in the Khaleej Al Bahrain basin to elevate self-sufficiency prospects.
Integrating Internet of Things sensors, drones and predictive analytics into exploration, drilling and oil and gas production operations likewise promises to enhance decision making capabilities and sustainability metrics tracking enabling savvier resource planning ahead especially given global energy transitions gaining priority. Moreover, strategically progressing local skills development alongside SME participation expansion also emerges vital for driving wider hydrocarbon value chain integration equitably.
This is where trusted oil and gas advisors like consulting firm RFC step in to enable solutions upholding global resource stewardship best practices! Having assisted regional NOCs optimize asset planning earlier across UAE and Oman, RFC offers customized recommendations advancing Bahrain’s sector governance to match the highest standards through institutional capacity building, fiscal planning recalibration and environment/social risk mapping integration for sustaining domain competitiveness responsibly without losing sight of multidimensional prosperity for the Bahraini people over long term!
Expanding Bahrain’s oil and gas industry through strategic partnerships provides opportunities for technology transfer and skills development. Feasibility studies evaluating derivatives production from natural gas feedstock help diversify the economic contribution of hydrocarbon resources.
Pilot initiatives in specialized zones focus on high-value plastics, fertilizers and polymers in close collaboration with regional oil and gas partners. This strengthens trade links while optimizing existing infrastructure and expertise.
Comprehensive and sustainable oil and gas reporting ensures environmental and social impacts are properly addressed. RFC’s advisory services on regulatory frameworks and investment promotion optimize industry growth’s wider benefits.
Their expertise establishing successful partnerships for similar ventures regionally provides invaluable insights for Bahrain’s long-term planning and participation in global value chains. With a collaborative approach, new opportunities for the next generation of industry stakeholders are secured.
