His Majesty’s representative for humanitarian work and youth affairs and Bapco Energies chairman Shaikh Nasser bin Hamad Al Khalifa witnessed the signing of a strategic energy concession agreement between the Oil and Environment Ministry and Bapco Energies – the integrated energy group leading the transformation of Bahrain’s energy sector – with EOG Resources Bahrain Awali, a subsidiary of US company EOG Resources specialised in crude oil and natural gas exploration.
The signing ceremony was held in the presence of Dr Mohamed bin Mubarak Bin Dainah, Minister of Oil and Environment and Special Envoy for Climate Affairs; Mark Thomas, Group CEO of Bapco Energies; and Joseph Korenek, President of EOG Resources International, alongside others from both organisations, said a Bahrain News Agency report.
Commenting on the agreement, HH Shaikh Nasser affirmed that the signing of this agreement marks a significant step in advancing the Kingdom’s National Energy Strategy. He noted that the partnership brings together Bapco Energies’ national vision with EOG’s international expertise, paving the way for new opportunities in oil and gas exploration that will support comprehensive national development and strengthen energy security.
The agreement builds upon the partnership announced earlier in January of this year, following high-level meetings between HH Shaikh Nasser and a senior EOG delegation. The collaboration is focused on evaluating opportunities in oil and gas exploration and development within Bahrain.
On his part, Ezra Y Yacob, Chairman and Chief Executive Officer of EOG, expressed the company’s enthusiasm for the opportunity to explore and help unlock the full potential of Bahrain’s natural resources. He affirmed EOG’s commitment to working closely with the Ministry of Oil & Environment and Bapco Energies to support the continued growth and productivity of the Kingdom’s oil and gas sector.
The partnership underscores Bapco Energies’ role in fostering strategic alliances that enable the development of the Kingdom of Bahrain’s natural resources, said the report.