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Piper Alpha was an oil platform located in the North Sea about 120 miles (190 km) north-east of Aberdeen, Scotland.It was operated by Occidental Petroleum (Caledonia) Limited (OPCAL) and began production in December 1976, [3] initially as an oil-only platform, but later converted to add gas production.
In February 1974, the company announced a 35-year oil exploration agreement with Libya. 81% of the oil extracted by Occidental Petroleum was to go to the Libyan government, with 19% retained by Occidental Petroleum. [14] In 1986, the company suspended operation in the country due to economic sanctions imposed by the United States.
Occidental Petroleum Corp., Getty Oil (Britain) Ltd., Thomson North Sea Ltd., and Allied Chemical (North Sea) Ltd., [1] that later transformed into the OPCAL joint venture, obtained an oil exploration licence in 1972 and discovered the Piper oilfield in early 1973 after seismically mapping the area. [1]
The deal would add 94,000 acres to Occidental’s holdings in the area, along with 1,700 undeveloped locations with estimated production of 170,000 barrels of oil equivalent per day (boepd).
Occidental Petroleum announced in 2009 that it had made a major discovery of oil and natural gas in Kern County, calling it the largest onshore California oil and gas discovery in 35 years. Although Occidental declined to divulge the location, state records show that Occidental has been drilling wells to depths of 10 to 12 thousand feet (3,000 ...
Occidental Petroleum's announcement that it will buy privately held oil and gas producer CrownRock for $12 billion marks the latest move in a consolidation trend that is sweeping across the ...
Occidental Petroleum Corporation announced that it will spin off its California operations into a separate publicly traded company, as the oil and gas producer aims to streamline its operations ...
The Flotta oil terminal is a major crude oil reception, processing, storage and export facility on the island of Flotta, in the south of Scapa Flow in the Orkney Islands. It receives and processes crude oil delivered by a subsea pipeline from the Piper , Claymore , Tartan and Golden Eagle platforms and associated fields.