Occidental Petroleum 2008 Annual Report Download - page 16

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well as the properties obtained from Plains in 2008 and 2006. Occidental's total share of Permian Basin oil and gas production was
approximately 198,000 BOE per day in 2008. At the end of 2008, Occidental's Permian Basin properties had 1.1 billion BOE in proved
reserves.
Occidental's Permian Basin production is diversified across a large number of producing areas. In 2008, Wasson San Andres was
Occidental's largest Permian producing field with approximately 35,000 BOE per day of production and 277 million BOE of proved reserves
at year-end. This field represents approximately 18 percent of Occidental's 2008 daily Permian Basin production and 25 percent of its year-
end Permian Basin proved reserves.
Occidental’s interests in the Permian Basin offer additional development and exploitation potential. During 2008, Occidental drilled
approximately 280 wells on its operated properties and participated in additional wells drilled on third-party-operated properties. Occidental
conducted significant development activity on 11 carbon dioxide (CO 2) projects during 2008, including implementation of new floods and
expansion of existing CO2 floods. Occidental also focused on improving the performance of existing wells. Occidental had an average of 150
well service units working in the Permian area during 2008 performing well maintenance and workovers.
13
Approximately 66 percent of Occidental’s Permian Basin oil production is from fields that actively employ the application of CO 2 flood