"We are delighted to be part of this new joint operating company, Tatweer Petroleum. We believe the further development of the Bahrain Field will greatly benefit Bahrain and its citizens," said Dr. Ray R. Irani, Chairman and Chief Executive Officer of Occidental. "Tatweer Petroleum further expands our presence in the region and is a key element of our growth strategy for the Middle East." "We are pleased to begin joint venture operations with our partners," said Khaldoon Khalifa Al Mubarak, Chief Executive Officer and Managing Director, Mubadala Development Company. "This investment is aligned with Mubadala Oil and Gas's ambition to include Enhanced Oil Recovery projects as one of the key pillars of its investment strategy in the MENA region." "The development and production sharing agreement with Occidental and Mubadala represents a paradigm shift for the oil industry in Bahrain. The revitalization of one of the longest producing oil fields in the world is the cornerstone for fueling the economic diversification plans set by the political leadership in Bahrain and will bring added prosperity and opportunity to the whole nation," said His Excellency Dr. Abdul Hussain Bin Ali Mirza, Minister of Oil and Gas Affairs and Chairman of the National Oil and Gas Authority, (NOGA).(C) 2009 Al Bawaba (www.albawaba.com)

Scope:

- Provides information and analysis of areas of operations of the company.

- Provides information regarding production and reserves of the company.

- Provides financial forecast for the company.

- Provides DCF valuation of the company

Reasons to buy:

- Make investment decisions relating to the company on the basis of detailed data relating to the company's forecast performance.

- Value the company by understanding the key drivers of the company's performance, its oil and gas reserves and forecast production.

- Use the information for strategy and planning, M&A identifications, and competitor analysis

Key Topics Covered:

1 Contents

1.1 List of Tables

1.2 List of Figures

2 Investment Overview

2.1 New Discovery in California Will Boost Occidental's E&P Operations

2.2 Dolphin Project Substantiating Occidental's Midstream Operations

2.3 Enhancing Recovery through CO2 Projects in Permian Basin

2.4 Strong Liquidity Position through Optimized Capital Structure

3 Operations Overview

3.1 The United States

3.2 Middle East/North Africa

3.3 Latin America

3.4 The United States

3.5 Middle East/North Africa

3.6 Latin America

3.7 Income Statement (2006-2013E)

3.8 Balance Sheet (2006-2013E)

3.9 Cash Flow Statement (2006-2013E)

4 Valuation

4.1 Asset Net Worth

5 Key Risks

5.1 Crude oil and natural gas prices

5.2 Political Instability

5.3 Competition

5.4 Reserves and Drilling operations

6 Market Scenario

6.1 The United States

6.2 Reserves and Production

6.3 Imports and Exports

6.4 Infrastructure

6.5 Regulations

6.6 Key Fiscal Regime

7 Appendix

7.1 Methodology

7.2 Key Economic Assumptions

7.3 Expert Panel Validation

7.4 Definitions

7.5 Unit Of Measure

7.6 Disclosure information

7.7 Disclaimer

For more information visit http://www.researchandmarkets.com/research/dbf590/occidental_petrole

CONTACT: Laura Wood, Senior Manager, Research and Markets Fax: +1 646 607 1907 (US) Fax: +353 1 481 1716 (Rest of World) e-mail: press@researchandmarkets.com

((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

"We are delighted to be part of this new joint operating company, Tatweer Petroleum. We believe the further development of the Bahrain Field will greatly benefit Bahrain and its citizens," said Dr. Ray R. Irani, Chairman and Chief Executive Officer of Occidental. "Tatweer Petroleum further expands our presence in the region and is a key element of our growth strategy for the Middle East." "We are pleased to begin joint venture operations with our partners," said Khaldoon Khalifa Al Mubarak, Chief Executive Officer and Managing Director, Mubadala Development Company. "This investment is aligned with Mubadala Oil and Gas's ambition to include Enhanced Oil Recovery projects as one of the key pillars of its investment strategy in the MENA region." "The development and production sharing agreement with Occidental and Mubadala represents a paradigm shift for the oil industry in Bahrain. The revitalization of one of the longest producing oil fields in the world is the cornerstone for fueling the economic diversification plans set by the political leadership in Bahrain and will bring added prosperity and opportunity to the whole nation," said His Excellency Dr. Abdul Hussain Bin Ali Mirza, Minister of Oil and Gas Affairs and Chairman of the National Oil and Gas Authority, (NOGA).

(C) 2009 Al Bawaba (www.albawaba.com)

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