Occidental Petroleum 2003 Annual Report Download - page 91

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2003
Oil -- Exploratory 1.0 2.2 1.3 0.4 4.9 (0.1) 4.8
Development 277.2 26.2 61.0 2.1 366.5 4.0 370.5
Gas -- Exploratory -- -- -- -- -- -- --
Development 35.1 -- 1.3 -- 36.4 -- 36.4
Dry -- Exploratory 4.0 6.0 3.6 1.3 14.9 (0.9) 14.0
Development 15.7 1.2 1.7 -- 18.6 0.1 18.7
--------------------------------- --------- --------- --------- ---------- --------- --------- ----------
2002
Oil -- Exploratory 2.9 1.2 3.8 -- 7.9 -- 7.9
Development 258.5 16.8 58.1 2.7 336.1 8.6 344.7
Gas -- Exploratory -- -- -- 0.5 0.5 -- 0.5
Development 17.9 -- -- 0.6 18.5 -- 18.5
Dry -- Exploratory 5.1 1.2 1.6 0.5 8.4 -- 8.4
Development 20.8 1.1 -- 0.8 22.7 (0.1) 22.6
--------------------------------- --------- --------- --------- ---------- --------- --------- ----------
2001
Oil -- Exploratory 3.0 -- 2.6 0.5 6.1 -- 6.1
Development 432.1 15.1 45.6 2.3 495.1 11.4 506.5
Gas -- Exploratory 7.8 -- -- -- 7.8 -- 7.8
Development 38.1 -- -- 0.5 38.6 -- 38.6
Dry -- Exploratory 10.1 1.2 0.7 1.1 13.1 (0.3) 12.8
Development 34.7 -- -- 0.3 35.0 -- 35.0
--------------------------------- --------- --------- --------- ---------- --------- --------- ----------
(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, 2003, 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
-------------------------------------------------------------------
Other
United Latin Middle Eastern Other Total
Wells at December 31, 2003 States America East Hemisphere Total Interests (c) Worldwide
========================== =========== =========== =========== =========== =========== =========== ===========
Oil -- Gross (a) 17,346 (403) 321 (--) 678 (21) 72 (--) 18,417 (424) 425 (62) 18,842 (486)
Net (b) 11,743 (291) 169 (--) 380 (21) 32 (--) 12,342 (312) 197 (33) 12,539 (345)
Gas -- Gross (a) 2,441 (60) -- (--) 6 (1) 35 (--) 2,482 (61) 2 (--) 2,484 (61)
Net (b) 2,046 (40) -- (--) 5 (1) 15 (--) 2,066 (41) 1 (--) 2,067 (41)
-------------------------- ----------- ----------- ----------- ----------- ----------- ----------- -----------
(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.
75
PARTICIPATION IN EXPLORATORY AND DEVELOPMENT WELLS BEING DRILLED
The following table sets forth, as of December 31, 2003, Occidental's
participation in exploratory and development wells being drilled.
Consolidated Subsidiaries
--------------------------------------------------------------
Other
United Latin Middle Eastern Other Total
Wells at December 31, 2003 States America East Hemisphere Total Interests(a) Worldwide
================================= ========== ========== ========== ========== ========== ========== ==========
Exploratory and development wells
-- Gross 30 4 6 3 43 5 48
-- Net 20 3 4 1 28 2 30
--------------------------------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
(a) Includes amounts applicable to equity investees in Russia and Yemen,
partially offset by minority interests in a Colombian affiliate.
At December 31, 2003, Occidental was participating in 101 pressure
maintenance projects in the United States, 5 in Latin America, 43 in the Middle