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Occidental Oman Occidental Oman

Occidental Oman - PowerPoint Presentation

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Occidental Oman - PPT Presentation

Oman Economic forum Adnan Al Lawati Vice President Operation Mukhaizna March 24 th 2016 Muscat Sultanate of Oman Agenda 2 Occidental Oman Overview Production and Employee Growth ID: 551408

oil occidental block oman occidental oil oman block production heavy overview local flood years steam exploration program growth develop technologies employees drivers

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Slide1

Occidental OmanOman Economic forum

Adnan Al Lawati

Vice President Operation Mukhaizna

March

24

th

,

2016

Muscat, Sultanate of OmanSlide2

Agenda

2

Occidental Oman Overview

Production and Employee

Growth

Block 53 Overview

Block 53 Major

Projects

Block 53 Drivers and Enablers

Slide3

3

Occidental Oman Overview

Operating in Oman since 1984

Blocks

9, 27, 62

and 53

Largest independent oil

producer, with highly skilled national staff87% of employees are Omani nationals2015 gross production 233 MBOEPDTotal new hydrocarbon resources in Oxy blocks increased by over 3 Billion BOE during the last 30 years of successful exploration and reservoir characterizationSlide4

4

Occidental Oman

Production and Employee Growth

Over 2000 Omanis have joined

Occidental Oman in last 10 years

Production at Occidental Oman

has over tripled in last 10 years

Annual ProductionNumber of EmployeesSlide5

5Occidental

Oman

Block 53 Overview

2.5

BBO heavy oil

sands

0.8 BBO heavy oil fractured carbonates

Discovered 1975, on production 1992Oxy is operator since 2005Gross oil production grown to over 120 MBOPDDrilled 2600+ new wellsLargest heavy oil steam flood in Middle East

Commenced Exploration ProgramSlide6

Main focus is Gharif steam flood development

Complete main facilities infrastructure

Reservoir

management

optimization

Appraising

the

Kahmah formationEvaluate additional exploration opportunities6

Occidental

Oman

Block 53 Major ProjectsSlide7

7Occidental

Oman

Block 53

Drivers

Increase Oman oil production

Implement

Enhanced Oil Recovery

technologies (Steam flood)Develop local manufacturing capability and maximize use of local contractors and expand ICVDevelop and train local work forces with heavy oil development skillsGrow heavy oil field

services

Initiate

and develop a social responsibility program that can help local companiesSlide8

8Occidental

Oman

Block 53

Enablers

Government and partners support

Occidental support (HQ & Regional)

Collaborative handover from ex-operator

Talented and driven teamTechnologies developmentAccess to established technologies in existing EOR fieldsExceptional training programSlide9

Thank you