Bahrain inks a major agreement for the development of oil, gas sector

Bahrain inks a major agreement for the development of oil, gas sector

Manama: ASRY on Wednesday has signed a joint venture agreement with WOODSERV to develop the oil and gas industry in Bahrain.

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), ASRY signed a joint venture agreement with Woodlands Holdings W.L.L. (WOODSERV), with the aim of providing services related to the oil and gas industry in the Kingdom of Bahrain, by providing turn-key production solutions that aim to maximize recovery from marginal assets, as well as accelerate production from unconventional resources.

“The