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Magazine: Sulphur

Sulphur Industry News Roundup

Following the completion of expansion work on the ultra-sour gas Shah field in May 2023, production has been ramped up. Occidental, which owns 40% of the Shah project and which operates the field in conjunction with ADONC Sour Gas, reported in July that it had achieved record output at Shah, with gross gas sales reaching 722 million scfd in Q2 2023 (equivalent to 1.1 billion scf/d of raw gas, which is 23% H2S and 10% CO 2 ). The expansion has taken processing capacity at Shah to 1.45 billion scf/d and forms part of the UAE’s plans to achieve gas self-sufficiency by the end of the decade. The expansion was conducted by Saipem, who were awarded a $510 million contract in 2021 to expand output from 1.3 billion scf/d to the current 1.45 billion scf/d. Work was completed two months ahead of schedule, according to Occidental.

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Occidental Petroleum has appointed Sunil Mathew as its new chief financial officer for the next three years. He succeeds Robert Peterson , who served as Senior Vice President and CFO. As EVP, Peterson will now oversee the company’s chemical segment. Mathew joined Occidental in 2004 and has been Vice President of Strategic Planning and Analysis since 2014, in which role he was instrumental in the company’s large-scale divestiture effort of around $10 billion following the Anadarko acquisition. He has also worked for Schlumberger in the Middle East and Asia. Peterson, who has been CFO since 2020, will become executive vice president of essential chemistry at Occidental Chemical Corporation (Oxy-Chem), a wholly-owned subsidiary.