Permian Field Tour Occidental Petroleum Corporation October 11, 2017
Permian Field Tour Permian Resources Permian EOR 2
Oxys Competitive Advantage in Permian Unconventional Development System Value Based Subsurface Vision Well 3D Modular Development Portfolio Decisions Manufacturing Characterization Development Scenarios Blueprint Organization…
Subsurface Landing + Stimulation + Spacing Optimization Characterization 2nd Bone Spring Net Sand Thickness and Middle Carbonate Outline Adds Value Middle Carb. Outline A A Extensive subsurface characterization & expertise Seismic…
Production drivers Challenging the Vision Well Adds Value Discover recipe for play-leading wells Surveillance Data analytics Apply data analytics to identify production drivers Subsurface Completion Design Choke and lift…
Customized Vision Wells Increase Well Productivity 2nd Bone Spring Landing and Frac Optimization 2nd Bone Spring Productivity Improvement 100 2nd BS Carbonate Recent 7,500 80 2nd BS No Carbonate 4,500 Cumulative Oil…
Modular Development Adds Value Maximize value through optimizing pace and sequencing Identify Uncertainties: Variability of production results Rate of improvement 4 Recognize Current Limitations 4 Existing infrastructure capacity…
Modular Development Adds Value Maximize value through optimizing pace and sequencing Identify Uncertainties: Variability of production results Rate of improvement 4 Recognize Current Limitations 4 Existing infrastructure capacity…
Modular Development Adds Value Maximize value through optimizing pace and sequencing Identify Uncertainties: Variability of production results Rate of improvement 4 Recognize Current Limitations 4 Existing infrastructure capacity…
Modular Development Adds Value Maximize value through optimizing pace and sequencing Identify Uncertainties: Land core-up completed Variability of production results Learnings from other development Rate of improvement 4 units…
Optimizing Development Scenarios Adds Value Vision Value Oxys Competitive Advantage Vision wells Acreage improvements Scale + Position Modular Development Net Present Value Pace to implement learning Value Based Development…
Permian Field Tour Permian Resources Permian EOR 12
Differentiated Scale and Position Permian EOR Over 2 Bboe Net Resource Potential 1 Bboe…
Benefits of EOR Proven History of Maximizing Recovery Business Unit in Oxys Portfolio Reservoir Development Stages Recovery of Oil in Place* Long-term cash 70% generator Waterflood 60% Low capital intensity CO2 growth…
Permian EOR Keys to Success: Long-term Life Cycle High-quality Reservoirs Technical EOR Expertise Contiguous Scale Infrastructure and CO2 Supply Strategic Position Gas Processing 1 Bboe < 6/boe F&D Asset Quality Capability…
Unmatched Infrastructure Position Field 20,000 wells 1,200+ surface facilities 30,000 miles of pipelines 230+ pumps for water reinjection Plants 13 gas processing plants 9 recompression facilities 920k hp compression 1,600 miles…
Permian EOR Value-based, Full Cycle Approach Maintenance Annual Beam Unit Reliability 20,000 maintenance activities per 99.6% 99.7% 99.8% 99.8% 99.9% Less than 20 month supported by: of 7,000+ Right-sized programs Beam Units…
Field Automation Results in Higher Uptime Drilling & Completions Empowering Employees Real-time remote monitoring and With Mobile Access to Data controls for operations, safety and Well Data environment Manage by exception…
Permian EOR Plant Empowering Employees Automation 98% uptime 2017 YTD Mobile devices monitor real- time trends of process variables Full access to all graphics and trends 19
Permian EOR Reservoir Daily Diagnostics Identifying Opportunities Surveillance Best-in-Class Reservoir Management Daily and Periodic Integrated Execution of High Value Program Multifunctional Well and Pattern Multifunctional…
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