Occidental Petroleum 2002 Annual Report Download - page 99

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2001
Oil -- Exploratory 3.0 -- 3.1 6.1 -- 6.1
Development 432.1 15.1 47.9 495.1 11.4 506.5
Gas -- Exploratory 7.8 -- -- 7.8 -- 7.8
Development 38.1 -- .5 38.6 -- 38.6
Dry -- Exploratory 10.1 1.2 1.8 13.1 (0.3) 12.8
Development 34.7 -- .3 35.0 -- 35.0
------------------------ -------------- -------------- -------------- -------------- -------------- --------------
2000
Oil -- Exploratory 1.6 1.5 -- 3.1 (0.2) 2.9
Development 273.9 9.1 115.5 398.5 2.5 401.0
Gas -- Exploratory 3.4 -- 0.6 4.0 -- 4.0
Development 32.9 -- 4.3 37.2 -- 37.2
Dry -- Exploratory 1.2 2.7 1.0 4.9 -- 4.9
Development 25.3 -- 0.7 26.0 0.5 26.5
------------------------ -------------- -------------- -------------- -------------- -------------- --------------
(a) Includes amounts applicable to equity investees in Russia and Yemen,
partially offset by minority interests in a Colombian affiliate.
PRODUCTIVE OIL AND GAS WELLS
The following table sets forth, as of December 31, 2002, Occidental's
productive oil and gas wells (both producing wells and wells capable of
production). The numbers in parentheses indicate the number of wells with
multiple completions.
Consolidated Subsidiaries
-----------------------------------------------------------------
Middle East
and Other
United Latin Eastern Other Total
Wells at December 31, 2002 States America Hemisphere Total Interests (c) Worldwide
========================== ============== ============== ============== ============== ============== ==============
Oil -- Gross (a) 16,586 (393) 272 (--) 696 (21) 17,554 (414) 421 (49) 17,975 (463)
Net (b) 10,723 (287) 142 (--) 374 (21) 11,239 (308) 199 (25) 11,438 (333)
Gas -- Gross (a) 2,399 (50) -- (--) 41 (1) 2,440 (51) 2 (--) 2,442 (51)
Net (b) 2,014 (33) -- (--) 13 (1) 2,027 (34) 1 (--) 2,028 (34)
-------------------------- -------------- -------------- -------------- -------------- -------------- --------------
(a) The total number of wells in which interests are owned.
(b) The sum of fractional interests.
(c) Includes amounts applicable to equity investees in Russia and Yemen,
partially offset by minority interests in a Colombian affiliate.
79
PARTICIPATION IN EXPLORATORY AND DEVELOPMENT WELLS BEING DRILLED
The following table sets forth, as of December 31, 2002, Occidental's
participation in exploratory and development wells being drilled.
Consolidated Subsidiaries
---------------------------------------------------------
Middle East
and Other
United Latin Eastern Other Total
Wells at December 31, 2002 States America Hemisphere Total Interests(a) Worldwide
========================================== ============ ============ ============ ============ ============ ============
Exploratory and development wells -- Gross 31 4 10 45 -- 45
Net 20 2 5 27 -- 27
------------------------------------------ ------------ ------------ ------------ ------------ ------------ ------------
(a) Includes amounts applicable to equity investees in Russia and Yemen,
partially offset by minority interests in a Colombian affiliate.
At December 31, 2002, Occidental was participating in 95 pressure
maintenance projects in the United States, 5 in Latin America and 20 in the
Eastern Hemisphere.
OIL AND GAS ACREAGE
The following table sets forth, as of December 31, 2002, Occidental's
holdings of developed and undeveloped oil and gas acreage.