Trade Arabia reported that International law firm Freshfields Bruckhaus Deringer has advised the National Oil and Gas Authority of Bahrain on a long term exploration production sharing agreement with Occidental Petroleum.

Under the transaction, Occidental has committed to a work program as set by Noga for the exploration of gas. The program includes the drilling of exploratory wells to depths in excess of 16,000 feet onshore in the Bahrain Field.

Mr Joe Huse managing partner of Mena said that we are delighted to have been able to help the Noga again on another landmark project for the kingdom.

Mr Harnek Shoker Freshfields head of Bahrain office said that the successful conclusion of this deal demonstrates our close business relationship with Noga and the different facets of the Government of Bahrain and we are proud to have been involved in this transaction.

(Sourced from Trade Arabia)