US mini-major Occidental is doubling down on its Oman presence in a bid to offset the looming loss of its core Qatar oil field in October 2019 (MEES, 19 October).
Oxy recorded a $196mn Q3 impairment due to Qatar Petroleum’s decision to take over operatorship of the 95,000 b/d Idd el-Shargi North Dome (ISND) field. But, while its Middle East portfolio is about to lose more than a third of its liquids output, the firm is looking to Oman to keep Oxy as a major Mideast player. (CONTINUED - 765 WORDS)
