Exploration of the offshore blocks in Bahrain are part of Occidental Oil & Gas's (Oxy) goal of expanding its position in the Middle East and North Africa, according to the Oxford Business Group’s (OBG) report: Bahrain 2008. This report is the latest of the firm's annual business publications. Exploration of Blocks 3 and 4 is a joint venture between Occidental Oil & Gas and the Bahrain Petroleum Company (Bapco)Bahrain Petroleum Company (Bapco).
The Bahrain 2008 report is a guide to the many facets of country, including its macroeconomics, infrastructure, political landscape, banking and sectoral developments.
The publication, with an international distribution of 73,000, is being produced by a team of six OBG analysts based in for six months, who conducted some two hundred interviews with leading political and economic figures.