Occidental, Mubadala sign agreement for Bahrain Field development

摘要

Occidental Petroleum Corp. and Mubadala Development Co., a business development and investment company based in Abu Dhabi, have signed an Interim Agreement with the National Oil and Gas Authority of Bahrain (NOGA) for the further development of the Bahrain Field. OXY, Mubadala, and NOGA will form a new joint operating company that will implement a plan to increase the Bahrain Field's oil and gas production.