Freshfields advises on Bahrain deep gas project
Manama, February 13, 2011
International law firm Freshfields Bruckhaus Deringer has advised the National Oil and Gas Authority of Bahrain (Noga) on a long-term exploration production sharing agreement with Occidental Petroleum.
Under the transaction, Occidental has committed to a work programme, as set by Noga, for the exploration of gas. The programme includes the drilling of exploratory wells to depths in excess of 16,000ft onshore in the Bahrain Field.
'We are delighted to have been able to help the Noga again on another landmark project for the kingdom,' said Joe Huse, managing partner, Mena.
'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,' added Freshfields head of Bahrain office, Harnek Shoker.-TradeArabia News Service