Company report

Occidental Petroleum oil and gas exploration summary

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

Contact us about this report

Report summary

Conventional exploration is no longer viewed as a key growth theme for Occidental adding just 0.4 billion boe of resource over the last decade. Oxy radically reshaped its business and strategy in 2014/15 becoming more streamlined. The portfolio is centred on two areas onshore US and the Middle East focused on large long lived liquids rich resource plays. Growth is based on two key strengths: Permian Basin resource plays and EOR. Portfolio build in the US has relied mostly on acquisition with exploration spend much lower than other large independents. The company is absent from deepwater and has completed few international wildcats over the past decade focused instead on onshore around legacy positions in Latin America North Africa and the Middle East. Its preference is for low exploration risk in contrast to a willingness to accept much higher engineering risk. Full details are provided in our report and all data and analysis can be downloaded in excel and pdf format.

What's included

This report contains

  • Document

    Occidental Petroleum oil and gas exploration summary

    PDF 940.87 KB

Table of contents

  • Executive summary
  • Strategy
  • Investment and costs
  • Exploration
  • Reserves and resources
  • Production
  • Valuation

Tables and charts

This report includes 24 images and tables including:

Images

  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Reserves and resources: Image 3
  • Reserves and resources: Image 4
  • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
  • Executive summary: Image 1
  • Net active exploration acreage by water depth
  • Net active conventional acreage by country
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Full cycle value creation by year, with uncons
  • Exploration returns by year, with uncons
  • Costs and development value by reserve category
  • Exploration returns by water depth

Tables

  • Top 40 discoveries (2007 to 2016)
  • Reserves and resources: Table 2
  • Full-cycle economics
  • Ten year performance summary
  • SWOT grid
  • Gross exploration & appraisal wells by basin and sector

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898