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occidental petroleum Middle East Brochure

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  • 1. middle east and north africa
  • 2. Occidental Petroleum Corporation Clean, efficient and reliable energy supplies Occidental Petroleum Corporation (OXY) is an international oil are critical to the growth and development of and gas exploration and production company as well as a major the global economy. Energy fuels the economic North American chemical manufacturer. expansion that provides jobs and improves health care, education and living standards. As the world’s energy demands grow, so does With operations in the United States, the Middle Occidental’s Latin American operations include the need for additional sources. East, North Africa and Latin America, Occidental producing assets in Colombia, Argentina and Occidental Petroleum Corporation has the helps to meet the world’s energy needs. In the Bolivia. Occidental Chemical Corporation expertise and experience to find and develop Middle East and North Africa, Occidental has manufactures vinyls, specialty chemical products new sources of oil and natural gas today to major assets in Oman, Qatar, Libya, the United and basic chemicals, such as chlorine and caustic fuel tomorrow’s economic growth — without Arab Emirates (U.A.E.) and Yemen. In the United soda — the building blocks for indispensable compromising its strong commitment to protecting States, Occidental is the largest oil producer products such as pharmaceuticals, water the environment, upholding high standards of in Texas and the largest natural gas producer disinfectants and detergents. social responsibility and safeguarding the health in California. and safety of employees and neighbors. Occidental Development Company Mezzanine Floor, Crescent Towers Zayed the 1st Street Abu Dhabi, United Arab Emirates Elk Hills Occidental Petroleum Corporation Long Beach 10889 Wilshire Boulevard Permian Basin Mid-Continent Libya Los Angeles, California 90024-4201 USA Colombia Yemen www.oxy.com Bolivia Bahrain Argentina Oman United Arab Emirates Qatar Forward-Looking Statements Cover: Oxy’s operation in Oman’s Safah Field. Oxy’s first project Statements in this publication that contain words such as “will,” “expect” or “estimate,” or otherwise relate to the future, are in Oman incorporated technological skills and regional expertise forward-looking and involve risks and uncertainties that could significantly affect expected results. Factors that could cause results to which resulted in a successful partnership that thrives today. differ materially include, but are not limited to: exploration risks such as drilling of unsuccessful wells, global commodity pricing fluctuations and supply/demand considerations for oil, gas and chemicals; higher-than-expected costs; political risks; and not This page: A Dolphin Energy Limited drilling rig in Qatar’s successfully completing (or any material delay in) any expansion, capital expenditure, acquisition, or disposition. You should not North Field. Oxy is a 24.5-percent interest partner in this premier place undue reliance on these forward-looking statements, which speak only as of the date of this publication. Unless legally required, transborder energy project that became operational in July 2007. Occidental does not undertake any obligation to update any forward-looking statements as a result of new information, future events or otherwise. Investors are urged to consider carefully the disclosure in Occidental’s Form 10-K, available through the following toll-free telephone number, 1-888-OXYPETE (1-888-699-7383) or on the Internet at www.oxy.com. You also can obtain a copy from the SEC by calling 1-800-SEC-0330. 1
  • 3. ISND & ISSD: 1 Enhanced Oil Recovery Regional Experience and Expertise 2 1 The Idd El Shargi North Dome Field (ISND) is located 80 kilometers to the east of the Qatar peninsula in 32 meters of water and today contains an estimated 4 billion barrels of oil in place.* 2 The Idd El Shargi South Dome Field (ISSD) is a satellite facility located about 24 kilometers Occidental Petroleum Corporation has been an active investor in to the south of ISND. the Middle East and North Africa for four decades. The company’s This diagram depicts the dome structures that trap the oil and two of the seven producing reservoirs. The ISND field had first venture into international exploration resulted in a number of historically experienced a low recovery rate because of the field’s complex geology. giant discoveries in Libya in the 1960s. Oxy’s enhanced recovery effort is aggressively developing the field through waterflooding, innovative drilling techniques and state-of- the-art reservoir characterization. Since then, Occidental has expanded its presence Lending technical expertise to develop the in the Middle East with operations in the U.A.E., region’s rich resources, recognizing the importance Qatar, Oman, Yemen and Bahrain. Collectively, of hiring local employees and respecting local Taweelah Ras Laffan Occidental’s assets in the region account for roughly customs are integral elements of Oxy’s growth Dubai ISND & ISSD Fujairah 22 percent of the company’s worldwide production. strategy. Doha Qatar Al Ain Abu Dhabi Oman Dolphin Project Gas Pipeline U.A.E. Oman Ras Laffan: Natural Gas Processing Plant Oman The Dolphin Project natural gas produced United Arab Emirates in Qatar’s North Field is processed at this Qatar massive 1 kilometer by 2 kilometer gas plant Bahrain in Ras Laffan, Qatar. Yemen Libya Dolphin Project Qatar Occidental is a partner in the Dolphin Project, produce natural gas and associated natural Oxy’s success in Qatar helped establish Oxy as application of waterfloods, innovative drilling one of the world’s premier transborder energy gas liquids. The liquids are separated from the one of the world’s premier companies in enhanced techniques and state-of-the-art reservoir projects. In July 2007, the Dolphin Project became gas stream at Dolphin’s gas processing plant oil recovery from mature fields. Since taking over characterization, Oxy is maximizing recovery rates operational, delivering natural gas from Qatar’s in Ras Laffan, Qatar, one of the largest facilities operation of the offshore Idd El Shargi North Dome and adding new reserves. In 2005, Oxy added North Field to customers in the U.A.E. As one of its kind in the world. The processed gas is (ISND) oil field, Oxy has reversed nearly 25 years major new processing facilities to the existing of the largest energy initiatives undertaken in transported through a 48-inch, 370-kilometer of steadily declining production. The field went PS-1 offshore platform doubling the fluid handling the Middle East, the Dolphin Project is expected long subsea pipeline to the Taweelah receiving into production in 1963 and peaked at 50,000 capacity. The platform addition is a remarkable to have a significant impact on the region’s facility in the U.A.E. Supplying gas to the U.A.E. barrels per day in 1970. When Oxy took over technical achievement that has enabled Oxy to development and to be a steady contributor to and in the near future to Oman, Dolphin Energy the operation in 1994, average daily production increase power generation five-fold and more Oxy’s financial performance over the next Limited will initially transport approximately two had fallen to less than 20,000 barrels. With the than double gas compression, water injection 25 years. billion cubic feet per day. application of advanced drilling systems and new and separation capacity. technologies, Oxy was able to boost production The project’s scope included drilling more than 24 Oxy’s successful redevelopment of ISND resulted to a rate of 120,000 barrels per day, more than wells in the Khuff Zone of Qatar’s North Field, one in the Government of Qatar awarding Oxy a double the previous record. of the world’s largest gas reservoirs. These wells second production sharing contract covering Today, the ISND field has an estimated 4 billion the Idd El Shargi South Dome (ISSD) field, barrels of oil remaining in place. Through the * 24 kilometers south of ISND. * The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the commission, to disclose only proved reserves demonstrated by actual production or conclusive formation tests to be economically producible under existing economic and operating conditions. The commission’s guidelines strictly prohibit using “oil in place” and “recoverable 3 2 reserves” in filings with it.
  • 4. Tripoli 35 36 Qatar 59 52 53 NC145 Muscat NC29 NC143 U.A.E. 102 9 103 NC74 27 106 NC150 124 NC144 Oman 131 163 Libya Yemen 53 54 exploration areas historic producing areas In 2005, Oxy took over operations of the Mukhaizna field, one of the largest in Oman. Libya Oman Occidental’s prominent presence in Libya, with Oxy’s development work over the past few years In 2005, Oxy took over operation of the Mukhaizna approximately 121,400 square kilometers of in Oman illustrates the company’s commitment to field, one of the largest in Oman. Oxy and its exploration and production areas, makes Oxy the enhancing Oman’s diverse oil and gas resources. partners are implementing an aggressive drilling country’s largest net oil and gas acreage holder. Through successful enhanced oil recovery methods, and development program, including a large-scale Oxy was the first U.S. company to resume oil extensive 3-D seismic surveying and an 85-percent steam flood project to fully develop the field’s operations in Libya after sanctions were lifted. exploration drilling success rate, Oxy has increased enormous heavy oil resources. The goal is to In July 2005, Oxy reentered its historic producing its production, reserves and scope of operations increase production 17-fold from 8,500 barrels areas after a 19-year absence and began over its more than 25-year tenure in Oman. Oxy per day to 150,000 barrels per day within the applying new technology and oil recovery operates Blocks 9 and 27 in northern Oman and next few years. Approximately one billion barrels expertise to enhance production. the giant Mukhaizna Oil Field in Block 53 in south- of oil are expected to be recovered over the life central Oman. In 2006, Oxy added exploration of the project.* Libya is one of the world’s most attractive Block 54, which is located adjacent to the international exploration regions. Oxy In June of 2006, Oxy initiated production in Mukhaizna infrastructure. geoscientists are conducting a major exploration Block 27, just nine months after the government program — the largest in the company’s Oxy began operating Block 9, also known as the declared the field commercial and three months history — to search for new oil and gas fields. Safah Field, in 1984. In 2004 Oxy and the Omani ahead of target. Additional exploration and In January 2005, Oxy dominated Libya’s first government built new infrastructure to market production wells are being drilled. post-sanction exploration licensing round, 110 to 120 million cubic feet per day of previously Oxy is currently pursuing several new exploration winning nine of 15 exploration blocks up for bid. stranded gas from Block 9. and development projects in cooperation with Of these new exploration blocks, Oxy is operator the Omani government. and holds a 90-percent working interest in five onshore areas and was awarded a 35-percent working interest in four offshore areas. It also Yemen holds a 100-percent working interest in four additional exploration blocks. A massive seismic Oxy is one of the most active companies in program is underway and Oxy is drilling numerous Yemen with significant interests in both of the Yemen exploration wells in Libya. major oil and gas production regions. The 10 14 company holds a 38-percent working interest in 75 20 the giant Masila Block (Block 14) where some of S-1 the world’s largest oil discoveries were made in the 1990s. Oxy also holds a 40-percent interest in the adjacent East Shabwa Block (Block 10). In 2005, Oxy was awarded a new exploration area, Block 75, and in 2006, the company acquired the S-1 Block as a part of its acquisition of Vintage Petroleum. Oxy’s massive seismic surveying project is underway in Libya. Oxy is drilling numerous exploration wells in Yemen with potential The Libya exploration project is the largest in Oxy’s history. to expand operations. * The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the commission, to disclose only proved reserves demonstrated by actual production or conclusive formation tests to be economically producible under existing economic and operating conditions. The commission’s guidelines strictly prohibit using “oil in place” and “recoverable 4 5 reserves” in filings with it.
  • 5. Maximizing Ultimate Recovery Oxy is a proven leader in cost-effectively increasing production from mature oil and gas fields and extracting value from Dolphin Energy Limited is sponsoring a study of Oxy Libya’s Protocol Affairs Manager, Leila Elkial, helps raise staff Oxy works with the Royal Oman Police, opportunities overlooked by competitors. Companies and host the coral reefs between Abu Dhabi and Qatar to awareness and understanding of culture and history at the beautifully The Ministry of Education and Oman TV to gather data for a conservation plan. preserved Roman ruins of Sabratha on the Mediterranean Sea in Libya. promote the “Oman Safe Driving Program.” governments seeking technical collaboration on challenging projects have found Oxy to be a responsive and innovative partner. Occidental Petroleum Corporation is committed to being an Branching Out outstanding and responsible corporate citizen as we strive for continual improvement in our worldwide Health, Environment Oxy has earned a reputation as an industry leader in horizontal drilling. Horizontal drilling involves drilling a well at an incline greater than 75 degrees, to access oil and gas reserves that would be difficult to reach and Safety (HES) systems and Social Responsibility performance. with a vertical well. These wells are first drilled vertically to a predetermined depth, and then gradually curved to reach the target zone. Social Responsibility Developing Expertise in Our Horizontal wells are advantageous for numerous reasons: to improve recovery rates by increasing exposure International Workforce to thin pay zones; to avoid sensitive environmental areas or surface obstacles; or to drill several wells from Serving as a good neighbor is crucial to Oxy’s a single location, particularly for offshore drilling. core values and an integral part of its management Occidental has an ongoing comprehensive philosophy. Strong environmental safety and social program to hire and train national employees programs minimize risk, enhance the company’s for jobs in all professional and operational This illustration depicts a multilateral horizontal well in Oxy Oman’s Safah Field. These advanced wells allow Oxy to target thin pay zones in the oil producing Shuaiba reservoir and to produce reputation and improve Oxy’s financial and disciplines. This is critical for emerging countries concurrently from two intervals using a single wellbore. operational performance. striving to enhance their economic development and technical expertise. Environment and Safety For example, Oxy Oman’s “Omanization” program Performance has increased the number of Omani employees A fundamental element of Occidental’s success is at established operations to 89 percent, up from its health, environment and safety (HES) protection only five employees in 1984. Omani employees management system. This system includes using work at all levels of the company, from executive design procedures, work practices and employee management to entry-level positions. These training to prevent incidents; correcting and programs have helped transfer technical expertise improving operating conditions that could have an to the national workforces, and provide excellent adverse impact on HES; reducing pollutants; local employment opportunities. improving the efficiency of energy use; and maintaining an ongoing dialogue with neighboring communities about HES concerns. Oxy holds an industry-leading position in maintaining the safety of employees, assets and the environment. Oxy Oman’s Sadiq Al-Lawati, Vice President — Health, Environment and Safety, and Najeeb Al Harthy, Vice President for B9 and B27 operations. 6
  • 6. Delivering Results Occidental’s success in the Middle East and around the world is built on sound business skills, exploration and development expertise, application of innovative technology and the acquisition of strategic assets. Occidental has used these skills to build a reputation for completing projects on time and within budget, while simultaneously maintaining a strong commitment to health, the environment and safety, and the highest standards of ethical conduct. Oxy continuously pursues new opportunities to enhance value for the countries where it operates, and has the experience, expertise and drive to deliver results. Occidental’s success in Qatar helped establish us as one of the world’s premier companies in enhancing recovery from mature fields through the application of appropriate technology and advanced reservoir characterization techniques. 8
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  • 8. Oman