Inside Aspirations Revealed: Tight Oil Reserve at Khalij Al Bahrain 8P 03
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FAST, SAFE AND SECURE ONLINE MONEY TRANSFER NOW AVAILABLE ON THE BFC APP Thursday, April 5, 2018 Issue No. 7707 200 Fils Tel: 1722 8888 www.newsofbahrain.com www.facebook.com/nobonline newsofbahrain 38444680 nob_bh www.bfc.com.bh Alhamer JO3639_Smart_Money_App_Launch_DT_Hamper_6.7cmX8.5cm.indd 1 9/26/17 3:39 PM named Media Personality of the Year Bahrain will use new resources P 06 to fulfil people’s Inside aspirations Revealed: Tight oil reserve at Khalij Al Bahrain 8P 03 Halliburton all set to drill two wells 8P 04-05 billion Foreign investment to be invited 8P 05 Production of oil from new find in five years 8P 05 New resource will barrels generate jobs: HM8P 06 FREE PICK! A boon for Issue No.269 DT Supplement www.weekenderbahrain.com April 5-11, 2018 Page 3 A Memorable Visit to Tailleur Premium Paris the ‘‘Fakhro House’ launches in Bahrain! WEEKENDER Page 5 estled in the heart of the Muharraq Governorate lies another hidden pearl of Bahraini architecture; Yousif bin nation- Abdulrahman Fakhro’s house. Fakhro, Sawsen Taher Nan unassuming trader of wood and shipbuilding materials during the 1930’s, was unaware that many years later his home and family would Almost five years later from her first experience, BODY, SPACE, TIME... become a quintessential symbol of Bahrain’s she revisited the home to sadly find that the house modest yet profound architecture. Located on had been permanently locked, as the elderly aunt the famed Pearl Road in Muharraq, a 3.5 km had passed away. Only recently the house has been road that was used by pearl divers throughout under renovation and she was thrilled when asked EXCLUSIVE FOR most of Bahrain’s history up until the early join a photography exhibition in the house after Page 5 1930s, the home has a distinctive geometrical the restoration was complete. The exhibition was design, with exquisite engravings and gypsum opened on March 22nd and is the third artistic project decorations, carved wooden doors and windows undertaken by various Bahraini artists and residents, inlaid with colored glass. Whether you are a managed by artist Lubna Al-Amin. The collection of art local, a tourist, or a history buff, the house projects highlights the ancient and historical places in possesses a certain magnetic charm where Bahrain, especially the city of Muharraq. you cannot help yourself gravitate towards the home. Gazing at the building from the outside, a story is told; and one can only imagine the beauty that lies within. It is the beauty of the A disaster in every preservation of family and tradition. A picture is painted of children playing, the oriental sounds sense of the word of the oud, the aroma of baked bread tainted Art for Autism with the scent of the sea, the celebration of ithin the sphere of Autism, the first marriage, and the mourning of death. As the day of April marks the first day of saying goes in Ecclesiastes, “One generation Autism Awareness Month, designated passeth away, and another generation cometh: worldwide as the month when activities Page 7 but the earth abideth forever. The sun also Ware organised to raise awareness about Autism. The ariseth, and the sun goeth down, and hastens to aim is to educate the public and build understanding DT NEWS his place where he arose.” about autism spectrum disorders and the difficulties and challenges that children with autism face. This In December 2013, Photographer ‘Sawsen year, Financial Centre Development Company B.S.C Taher’ walking with her camera nonchalantly (c) will host a week of art activities in the Harbour building on the streets of Muharraq, saw from afar a Gate, within Bahrain Financial Harbour, April 15-19 semi-derelict home. Approaching the house, in conjunction with the RIA Institute under the She’s gone, but it she noticed it was locked. Disappointed and banner Art for Autism Awareness.The official colour forlorn, she was thus left taking pictures of Autism Awareness Month is bright royal blue from its outside. Still loitering around, a man and for this reason starting April 1 and continuing would feel like cheating. had approached her and asked if she was to the end of the month, the lights of the Harbour interested in seeing the home from the inside. Towers will be illuminated in blue. The main Art for What shall I do? Slightly anxious about the proposition, she just Autism Awareness event will take place during the spontaneously said yes. “When I had entered, week of April 15-19 between 9.30am and 11.30am a despondent looking maid and an old woman each day – outside these hours the artwork will had inaudibly greeted me; later learning that she be on display. “We’ll be painting and assembling Page 8 was the aunt of the gentleman who had invited a giant wooden jigsaw of the colourful autism me inside. Looking around the home I was in ribbon. It’s been constructed by Erich Bruckner and awe of my surroundings and began to meander is designed to represent the complexity of autism into various rooms. What captured my attention spectrum disorders. As SUBSCRIBERS the most was the colored glass of the windows. every piece is different The way the light reflected and resonated on in some way, the the panes made the antediluvian home quite jigsaw will represent charming. Each room had different energy with the diversity of every a different story and I was fortunate to have individual affected the opportunity to weave in and out of these by autism.” said RIA The Future of people’s lives like needle on thread.” volunteer Sarah Clarke who is spearheading Cinemas is here! the initiative. April 5-11, 2018| Weekender windfall process 2 Thursday, April 5, 2018 Thursday, April 5, 2018 3 Revealed: 80-bn barrels of oil reserves in Khalij Al-Bahrain Mohammed Zafran/DTNN international consultants [email protected] DeGolyer and MacNaughton, Halliburton, and Schlumberger Manama attended the conference. he tight oil reserves A separate discovery of discovered in Khalij significant gas reserves in two Al-BahrainT Basin is estimated accumulations below Bahrain’s at 80 billion barrels, Minister main gas reservoir has also of Oil, Shaikh Mohammed bin been confirmed.Extensive Khalifa Al Khalifa, revealed work has already been carried Minister of Oil, Shaikh Mohammed bin Khalifa Al Khalifa addressing a press conference yesterday at a press conference here out to evaluate in-place yesterday. volumes. The first well in the significant quantities of oil-in- reservoir potential, optimize president, Dr John Hornbrook. potential and opportunities The newly-discovered drilling programme is planned place for the Khalij Al Bahrain, completions, and initiate long- “The presence of a layer in Bahrain,” Bapco Chief resources are located in to produce in August, and with tight oil reserves at least term production,” the Minister with moderate conventional Exploration Geologist in the shallow waters, off the over the next two years focus 80 billion barrels, and deep gas added. reservoir properties on top of charge of the discovery, Yahya Kingdom’s west coast, close to will be given to maximizing reserves in the region of 10-20 “Oil in place of 80 billion an organic-rich source rock Alansari, said. The newly- a fully-operational oil field with production and commercial trillion cubic feet,” said Shaikh barrels is based on a P50 creates a unique self-sourcing discovered resource, which ready-to-connect-to facilities, a efficiency. Mohammed. resource estimate. The and trapping system, enhancing officials expect to be ‘on unique factor that provides the “DeGolyer and “Agreement has been discovery breaks new ground production and economic production’ within five years, is potential for significant cost MacNaughton’s and reached with Halliburton for the Bahrain oil and gas viability. The confirmation expected to provide significant optimization, it was revealed at Haliburton’s independent to commence drilling two industry using established of this significant resource and long-term positive benefits the press conference. appraisals have confirmed more appraisal wells in technologies,” said DeGolyer highlights the vast E&P to the economy – both directly Representatives of NOGA’s find of highly 2018, to further evaluate the and MacNaughton Senior Vice (exploration and production) and indirectly. ﻣﻬﺮﺟﺎﻥ ﺍﻟﺤﺮﻑ ﺍﻟﻴﺪﻭﻳﺔ ٤ - ٨ ﺃﺑﺮﻳﻞ ٢٠١٨ ﺳﻮﻕ ﺍﻟﻤﻨﺎﻣﺔ، ﺑﺎﺏ ﺍﻟﺒﺤﺮﻳﻦ Handicrafts Festival @tourismbh 4 - 8 April 2018 Manama Souq, Bab al Bahrain 4 Thursday, April 5, 2018 Halliburton all set to drill DT News Network Manama S company Halliburton will drill two wells this yearU in the offshore Khaleej Al Bahrain Basin to appraise how much of the oil contained underground is actually recoverable. An agreement has been reached with Halliburton to commence drilling on two further appraisal wells in 2018, to further evaluate reservoir potential, optimise completions, and initiate long- DeGolyer and MacNaughton Senior Vice President John W. Hornbrook, Bahrain Petroleum Company Manager-Exploration Yahya Mohamed Al Ansari, Minister term production, Oil Minister of Oil Shaikh Mohammed bin Khalifa Al-Khalifa and Tatweer Petroleum Chief Executive Officer James Kenneth Eastlack during a press conference held yesterday Shaikh Mohammed bin Khalifa Al-Khalifa told a press conference yesterday. there’s more data, he said. reported, citing Abdulrahman under the sea is an expensive about 49,000 barrels a day of as fracking, the minister said. It’s not clear how much the Ali Buali. process. crude from its only wholly This makes the development field can produce or how much 200,000 bpd “The oil will also be owned field, a figure it plans to an “economic and technical” it will cost to develop, Shaikh Production from the new Hydraulic fracturing technically challenging double by 2020.