US firm Occidental can’t praise its ex-Anadarko Algeria assets enough. “Our teams continue to dive deeper into the data for Algeria, and the more we learn the more excited we get about our future there,” says Oxy CEO Vicki Hollub in the firm’s second quarter earnings call on 11 August.
This is quite the U-turn. Originally the sale of around 65,000 b/d (1H19 net output) of Algeria assets to Total was meant to help Oxy fund last year’s $55bn acquisition of Anadarko (MEES, 10 May 2019). But things didn’t exactly go according to plan. (CONTINUED - 879 WORDS)