Petronas to begin exploration of two blocks off southeastern Bahrain

Petronas on Thursday signed exploration and production sharing agreements for two blocks off Bahrain.

HOUSTON, Nov. 2 -- Petronas on Thursday signed exploration and production sharing agreements for two blocks off Bahrain.

Petronas will operate Blocks IV and VI with a 100% stake. Those blocks, and Block V, were offered for international bid in March.

It will begin exploration drilling in both blocks by next year, the company said.

Both blocks are in southeastern offshore Bahrain near oil and gas fields like Awali onshore Bahrain, Dukhan oil field onshore Qatar, North gas field off Qatar, and Ghawar oil field onshore Saudi Arabia, said Petronas.

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