Occidental Petroleum Corp (OXY.N) said on Tuesday that it had formed a partnership to run a oil and natural gas field in Bahrain.
Tatweer Petroleum-Bahrain Field Development Co will operate under a production agreement between Occidental, the United Arab Emirates' Mubadala Development Co [MUDEV.UL] and the National Oil and Gas Authority of Bahrain.
The production agreement was first announced last spring. Tuesday's announcement puts in place the legal and corporate mechanism to operate the field.
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