American independent Occidental provided some additional information on the impact that Iranian attacks have had on the Shah gas field in Abu Dhabi that is operated by the Adnoc Sour Gas JV (Adnoc 60%, Occidental 40%). CFO Sunil Mathew told investors that while the firm expects “performance to remain strong” during the second quarter, the war is affecting operations at the asset.
“First, in the Middle East, modest operational constraints at Al Hosn [Shah] are expected to impact volumes. These began in mid-March and are anticipated to normalize before the end of the second quarter.” An Iranian attack hit the Shah gas field on 16 March, forcing the facility to be taken offline (MEES, 20 March). Oxy says the impact is “modest.” (CONTINUED - 308 WORDS)
