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Article: Occidental Petroleum, Mubadala and NOGA Form Joint Operating Company in Bahrain to Further Develop the Bahrain Field
- Article from:
- Al Bawaba
- Article date:
- November 10, 2009
CopyrightCopyright 2009 Al Bawaba. Provided by ProQuest LLC. (Hide copyright information)
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Occidental Petroleum Corporation (NYSE:OXY), Mubadala Development
Company (Mubadala) and the National Oil and Gas Authority of Bahrain
(NOGA) announced the creation of a new joint operating company,
Tatweer Petroleum-Bahrain Field Development Company (Tatweer
Petroleum), which will serve as the operator for the Bahrain Field.
The company will operate under the Development and Production
Sharing Agreement signed in April 2009 by all three partners,
approved by the Bahraini parliament in May 2009 and ratified by His
Majesty King Hamad bin Isa Al Kalifa.
Tatweer Petroleum will begin production and development
activities immediately with its team largely comprised of
individuals from the ...