Bahrain to develop oil and gas industry

  • Date: 21-Oct-2020
  • Source: Bizbahrain
  • Sector:Oil & Gas
  • Country:Bahrain
  • Who else needs to know?

Bahrain to develop oil and gas industry

ASRY 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 Shaikh Mohammed bin Khalifa Al Khalifa, Minister of Oil and Chairman of the Board of Directors of the Arab Shipbuilding and Repair Yard (ASRY), and by Mazen Matar, Managing Director of ASRY, and Sam Kawa, CEO of WOODSERV. The minister welcomed the signing of the agreement that will contribute to providing solutions and services to Bahrain to enhance the competitiveness of the oil and gas extraction process, attracting investments contributing to the Kingdom's economic growth and