US independent Occidental (Oxy) has a sizeable portfolio of upstream assets in Oman, but it has struggled to offset declines from aging legacy fields. Net crude output dipped to 56,000 b/d last year, well below its 2015 record of 82,000 b/d, while gas production of 63mn cfd was less than half of 2018’s record 139mn cfd.
However, the firm has greatly expanded its position in Oman over the past decade, and is steadily securing gains from some of these new assets. In particular, its output has increased from Block 65 (Oxy 72.86%op, OQEP 27.14%) which it picked up in 2018 (MEES, 9 November 2018). Junior partner OQEP says that output reached 13,000 b/d last year from only 560 b/d in 2021 (MEES, 14 March). (CONTINUED - 325 WORDS)
