Bahrain is set to receive an initial $2 million with the production commencement at a newly discovered oil and gas field off the northern coast, according to Gulf Daily News, reported from Zawya.

According to the agreement between Tatweer Petroleum and Italian Eni, it will be subject to a 30 consecutive day oil flow. This comes after the Members of the Parliament (MPs) approved a Royal decree, allowing Bahrain’s National Oil and Gas Authority (NOGA) to sign an oil exploration and production (E&P) agreement.

Yahya Ansari, Tatweer Petroleum General Manager, noted that “Eni will train Bahrainis to handle the site in excavation and production under several deals that sees them abide by the country’s rules and regulations, including the Labor and Social Development Ministry’s employment and Bahrainization requirements.”

The agreement stipulates that NOGA should receive $1.5 million for every 10,000 barrels per day (b/d), $3 million for each 40,000 b/d and $6 million for 70,000 b/d.

“We are also in direct contact with the Supreme Council for Environment to ensure the Eni does not breach environmental aspects,” Ansari added.