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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).
May 10—The Occidental Petroleum Co.'s first quarter highlights included the first-of-its-kind deployment of a fully electric well service rig in the Permian Basin. Oxy President-CEO Vicki Hollub ...
Occidental Petroleum is an integrated energy company. That means that it owns assets in the upstream (oil and natural gas production), midstream ( pipelines ), and downstream ( chemicals and ...
Piper Bravo is a North Sea oil production platform originally operated by Occidental Petroleum (Caledonia) Ltd, and now owned by Repsol Sinopec Energy UK. Piper Bravo is an eight-legged fixed steel jacket supported platform, located 193 kilometres northeast of Aberdeen in the Piper oilfield in the central North Sea. It stands in 145 metres of ...
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 ...