OCCIDENTAL PETROLEUM
February 1st, 2003
BY PHILIP FINE
OCCIDENTAL Petroleum has boosted its reserves, a sign - say analysts - that the California-based oil and natural gas producer could have higher production rates in the next few years. The company, which drills primarily in the Middle East and Latin America, added the equivalent of 263 million barrels of oil to its inventory last year, giving it more than 12 years' worth of production from its current reserves.
ENDS
OCCIDENTAL Petroleum has boosted its reserves, a sign - say analysts - that the California-based oil and natural gas producer could have higher production rates in the next few years. The company, which drills primarily in the Middle East and Latin America, added the equivalent of 263 million barrels of oil to its inventory last year, giving it more than 12 years' worth of production from its current reserves.
ENDS
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.