Occidental Petroleum 2008 Annual Report Download - page 94
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Please find page 94 of the 2008 Occidental Petroleum annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Net Productive and Dry — Exploratory and Development Wells Completed
The following table sets forth, for each of the three years in the period ended December 31, 2008, Occidental’s net productive and dry
–exploratory and development wells completed.
Consolidated Subsidiaries
United
States
Latin
America
Middle East/
North Africa Total
Other
Interests (a)
2008
Oil —Exploratory 6.6 16.6 2.0 25.2 (0.8)
Development 527.9 215.9 137.0 880.8 (2.8)
Gas —Exploratory — — — — —
Development 223.5 — 1.3 224.8 —
Dry —Exploratory 3.5 10.6 13.0 27.1 (0.5)
Development 10.9 5.7 — 16.6 (0.9)
2007
Oil —Exploratory 2.5 9.0 — 11.5 —
Development 383.1 335.0 114.8 832.9 (20.3)
Gas —Exploratory — — — — —
Development 84.7 — 8.5 93.2 —
Dry —Exploratory 4.5 0.5 1.7 6.7 —
Development 1.4 0.8 2.4 4.6 0.2
2006
Oil —Exploratory 0.5 11.0 2.6 14.1 —
Development 437.9 173.9 75.6 687.4 (1.4)
Gas —Exploratory — — 2.1 2.1 —
Development 124.7 — — 124.7 —
Dry —Exploratory 4.7 0.4 2.6 7.7 0.4
Development 21.5 4.0 3.7 29.2 —
(a) The 2008 and 2007 amounts reflect the minority interest in a Colombian subsidiary, partially offset by Occidental's share of the amounts applicable from an equity
investee in Yemen. The 2006 amounts include Occidental’s share of the amounts applicable from an equity investee in Yemen and a Russian joint venture,
partially offset by the minority interest in a Colombian subsidiary. Occidental's joint venture interest in Russia was sold in 2007.
Productive Oil and Gas Wells
The following table sets forth, as of December 31, 2008, Occidental’s productive oil and gas wells (both producing and capable of
production).
Consolidated Subsidiaries
Wells at December 31, 2008
United
States (a)
Latin
America (a)
Middle East/
North Africa (a) Total (a)
Other
Interests (a,b)
Oil —Gross (c) 24,344 (839) 3,611(2,528) 1,559 (10) 29,514 (3,377) — (—)
—Net (d) 18,611 (634) 2,824(2,291) 817 (10) 22,252 (2,935) (23)(—)
Gas —Gross (c) 4,668 (232) 184 (155) 56 (1) 4,908 (388) — (—)
—Net (d) 4,107 (183) 182 (155) 30 (1) 4,319 (339) — (—)
(a) The numbers in parentheses indicate the number of wells with multiple completions.
(b) The amounts reflect the minority interest in a Colombian subsidiary, partially offset by Occidental's share of the amounts applicable from an equity investee in
Yemen.
(c) The total number of wells in which interests are owned.
(d) The sum of fractional interests.
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Participation in Exploratory and Development Wells Being Drilled