Occidental Oman Oman Economic forum Adnan Al Lawati Vice President Operation Mukhaizna March 24th, 2016 Muscat, Sultanate of Oman

Agenda Occidental Oman Overview Production and Employee Growth Block 53 Overview Block 53 Major Projects Block 53 Drivers and Enablers

Occidental Oman Overview Operating in Oman since 1984 Blocks 9, 27, 62 and 53 Largest independent oil producer, with highly skilled national staff 87% of employees are Omani nationals 2015 gross production 233 MBOEPD Total new hydrocarbon resources in Oxy blocks increased by over 3 Billion BOE during the last 30 years of successful exploration and reservoir characterization

Occidental Oman Production and Employee Growth Annual Production Number of Employees Production at Occidental Oman has over tripled in last 10 years Over 2000 Omanis have joined Occidental Oman in last 10 years

Occidental Oman Block 53 Overview 2.5 BBO heavy oil sands 0.8 BBO heavy oil fractured carbonates Discovered 1975, on production 1992 Oxy is operator since 2005 Gross oil production grown to over 120 MBOPD Drilled 2600+ new wells Largest heavy oil steam flood in Middle East Commenced Exploration Program

Occidental Oman Block 53 Major Projects Main focus is Gharif steam flood development Complete main facilities infrastructure Reservoir management optimization Appraising the Kahmah formation Evaluate additional exploration opportunities

Occidental Oman Block 53 Drivers Increase Oman oil production Implement Enhanced Oil Recovery technologies (Steam flood) Develop local manufacturing capability and maximize use of local contractors and expand ICV Develop and train local work forces with heavy oil development skills Grow heavy oil field services Initiate and develop a social responsibility program that can help local companies

Occidental Oman Block 53 Enablers Government and partners support Occidental support (HQ & Regional) Collaborative handover from ex-operator Talented and driven team Technologies development Access to established technologies in existing EOR fields Exceptional training program

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