Muscat: Occidental Petroleum Corporation (Oxy) fulfilled all its commitments relating to its projects in Oman in 2013 and even outperformed its forecasts, an official at the company said here on Monday.
Addressing the Ministry of Oil and Gas' annual press briefing, Robert Swain, vice-president for Mukhaizna Operation, said that Oxy Oman had promised a production rate of 222,000 barrels of oil equivalent per day (boep) in 2013, but its production reached 228,000 last year.
The promised production volume was 81 million barrels of oil equivalent, but the company achieved the production volume of 83 million barrels, he said.
On exploration reserves and resources, Swain said that the promised figure was 7.6 million barrels of oil equivalent and Oxy achieved between 12 to 20 million barrels. In the last three years, Oxy has made over 20 oil and gas discoveries. Oxy's average rig count in 2013 was 14 and the expected average rig count in 2014 is 15.
The Oxy official added that 68,000 hours of training were supposed to be provided by the company in 2013, but the number of training hours reached 86,000. He also said that the company achieved the set target of 83 per cent Omanisation in 2013.
On Oxy's training and development plans, Swain noted that the company has implemented the Oman Technical Training Programme (OTTP) and more than 400 Omanis have graduated from OTTP since 2007.
Oxy Oman officially launched Haima Training Centre in April 2013 and has introduced a scholarship scheme enabling Omani employees to continue their studies and earn Master's degrees and professional certifications, he added.
The scholarship scheme complements the part-time education assistance scheme, which contributes to the overall Omanisation objectives by helping to develop Omani talent and enhancing the knowledge and skills of future national leaders.
Swain also commented on Oxy's programmes for the development of SMEs and said that the company's objective is to promote sustainable development in Oman through the support of Oman-owned SMEs.
According to him, Oxy launched its small and medium enterprises Development Programme in May 2013 and signed support agreements with three Omani-owned SMEs in December 2013.
Oxy contributes towards the success of the In-Country Value initiative by being an active member of the ICV committee and being among the operators executing the ICV blueprint strategy of the oil and gas industry, Swain explained.
On the company's main projects, he said that in Oman North Block 9 and 27, the company plans to continue waterflood expansion to maintain reservoir pressure and improve recovery, continue exploration and development campaign to increase production and reserves, and go ahead with its facility expansion plans to capture additional barrels from exploration success and waterflood response.
About Mukhaizna Block 53, he noted that the main focus is Gharif steam development and reservoir management optimisation and Oxy will continue appraising the recent discovery Khamah formation and evaluate deep exploration opportunities.
Oxy will also continue evaluating the NAG undiscovered area and will combine discovered and undiscovered gas into an integrated field development plan in Block 62, added Swain.