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
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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