A key motivation for American independent Occidental Petroleum (Oxy) in its planned divestment of a chunk of its interest Middle East projects is to make way for production coming online at Abu Dhabi’s Shah sour gas field in September or October next year, MEES learns.
Oxy intends to keep Middle East production as a share of its total production under 35%. This figure would expand if no divestment plan were unveiled before Al Hosn Gas – a joint venture between ADNOC (60%) and Oxy (40%) – brings 540mn cfd of Shah sales gas as well as 33,000 b/d of condensate, 4,500 tons/day of NGLs 10,000 t/d of sulfur to the market. (CONTINUED - 364 WORDS)
