
Occidental Agrees to Two Year $500 Million Exploration Project in Abu Dhabi
Occidental will have a 30% share in an offshore exploration deal in Abu Dhabi Occidental Petroleum (ticker: OXY) has agreed to a $500 million, two year offshore exploration deal in Abu Dhabi. OXY was one of eleven international oil companies invited to bid for rights to develop Abu Dhabi’s assets in 2012, reports Bloomberg. Occidental will work with state-owned Abu