American independent Occidental revealed it has made a sizeable discovery in North Oman. Speaking on the company’s 8 May first quarter earnings call, CEO Vicki Hollub says Oxy “made a significant gas and condensate discovery with estimated resources in place exceeding 250mn boe. While it is still early days with appraisal and development plans under evaluation, the resource is advantageously located near existing infrastructure.”
Oxy did not specify at which block it made the discovery but VP of international operations Kenneth Dillon says it “also had another small discovery on the same block which is also onstream and being assessed.” The firm picked up considerable exploration acreage, primarily across northern Oman, in 2018. (CONTINUED - 237 WORDS)