Bahrain announces its biggest oil discovery since 1932

Bahrain’s oil minister and energy executives detailed the find at a press conference, saying the tight oil was discovered in the offshore Khalij al-Bahrain Basin, which spans some 2,000 square kilometers (770 square miles) in shallow waters off the country’s western coast.

The field also contains an estimated 14 trillion cubic feet of gas. Oil Minister of Bahrain said the amount of oil that can be extracted from the field is still being studied.