The Kingdom of Bahrain has formalized the signing of an energy concession agreement between the Ministry of Oil and Environment and Bapco Energies, with the participation of the American company EOG Resources through its local subsidiary, EOG Resources Bahrain Awali. This commitment is part of the National Energy Strategy and aims to develop the country’s natural resources in cooperation with an international actor specialized in hydrocarbon exploration.
A partnership between national and international players
The signing ceremony gathered several officials, including Shaikh Nasser bin Hamad Al Khalifa, chairman of Bapco Energies, as well as the Minister of Oil and Environment and Special Envoy for Climate Affairs, Mohammed Bin Daina. Also present were Bapco Energies Group CEO Mark Thomas and a delegation from EOG Resources led by Joseph Korenek, president of EOG Resources International. The participation of these various representatives reflects the importance given to bilateral cooperation in the energy sector.
Strengthening the national energy strategy
Shaikh Nasser emphasized that the agreement represents a major step in the implementation of the National Energy Strategy. According to him, this collaboration combines the national vision promoted by Bapco Energies with the international expertise of EOG Resources. The stated objective is to expand oil and gas exploration opportunities, increase productive capacity, and strengthen long-term energy security for the country.
Future cooperation prospects
This agreement follows discussions initiated in January of the same year between the two organizations. The preliminary talks focused on evaluating opportunities in the field of energy exploration and development. For his part, Ezra Yacob, chairman and chief executive officer of EOG Resources, expressed his interest in working with Bapco Energies to enhance Bahrain’s natural resource potential.
The partnership is part of a broader dynamic of diversifying strategic alliances for the kingdom. By connecting national and international expertise, the agreement provides an operational framework designed to support the evolution of the energy sector and strengthen its regional competitiveness.
