Agreement to develop oil, gas industry in Bahrain signed

Agreement to develop oil, gas industry in Bahrain signed

MANAMA — The Arab Shipbuilding and Repair Yard (ASRY) has signed a joint venture agreement with Woodlands Holdings to provide services related to the oil and gas industry in Bahrain.

The company will provide turnkey production solutions that aim to maximize recovery from marginal assets, as well as accelerate production from unconventional resources.

The agreement was signed in the presence of Sheikh Mohammed bin Khalifa Al Khalifa, Minister of Oil and Chairman of the Board of Directors of ASRY, and by Mazen Matar, Managing Director of ASRY, and Sam Kawa, CEO of WoodServ.

The minister welcomed the