Occidental Petroleum

Methods inspired by artificial intelligence and software development help generate more ideas that add more value.

Occidental Petroleum is considered one of the upstream industry’s most dynamic companies after making major investments to boost oil and gas production while also scaling up low-carbon technologies.

The SPE Annual Technical Conference and Exhibition kicked off with an in-depth discussion of the challenges facing the oil and gas industry, including the energy transition and the industry’s role in it.

When Occidental Resources switched to bigger fracture designs to produce more oil, it produced more water as well. Based on research done since, they cannot have one without the other, and at the oil prices recently seen, that’s OK.

The project comprises a pair of subsea wells tied back to the host spar.

The new finds could add more than 600 million BOE of gross crude reserves.

The new agreement will see the partnership jointly invest in four deepwater projects.

The deal with Manulife gives Oxy unit 1PointFive access to 27,000 acres of subsurface pore space for carbon sequestration.

The US oil and gas company said it signed a letter of intent with the US midstream operator to explore commercializing a CO2 transportation and storage network.

High oil prices will mean more spending on workovers to eke out more oil and gas from older wells. The amount will depend on finding those willing and able to do that tricky work.