Oxy Oman achieves record-breaking initial production test in Block 65

Oxy Oman achieves record-breaking initial production test in Block 65

MUSCAT: In a major breakthrough for Oxy Oman, Vicki Hollub, President and CEO of Occidental Petroleum Corp (Oxy) announced the successful completion of a near-field exploration well in Oman's Block 65. The announcement was made during the company’s Q2 2023 earnings conference call last Thursday.

Hollub said that Block 65 delivered an impressive initial production test of 6,000 barrels of oil equivalent (BOE) per day. The achievement marks the highest initial production test in Oman in the past decade, demonstrating the company's exceptional subsurface characterisation techniques and solidifying its position as the largest independent producer in the country.

“In Oman Block 65, we drilled a near-field exploration well, which delivered 6,000 BOE per day and a 24-hour initial production test, and it is now on production to sales in less than a month from completion,” Hollub noted.

Under Vicki Hollub's leadership, Oxy Oman — a wholly-owned subsidiary of US-headquartered Occidental Petroleum Corp — has been driving innovation and capitalising on promising opportunities in the global energy market. The company's collaboration with the Ministry of Energy and Minerals in Oman has yielded fruitful results, further bolstering their positive outlook for future ventures within the country.

The recent success in Block 65 is a testament to