Bahraini authorities have found the largest ever oil field located on the territory of the state, local media reported Sunday, Sputnik reported.
The Bahrain News Agency (BNA) reported that the announcement was made by the Higher Committee for Natural Resources and Economic Security, while the Bahraini Ministry of Oil will hold a press conference on the issue on Wednesday.
According to the BNA, the field has been found in the Khaleej Al Bahrain Basin and is the largest discovery of oil in the country since 1932, when Bahrain's first oil well started production.
The new field is expected to contain reserves of tight oil and deep gas that would be much bigger than the existing reserves of the kingdom, the news outlet reported.