Occidental's Midstream and Marketing segment gathers, processes, transports, stores, purchases and markets oil, condensate, natural gas liquids (NGLs), natural gas, carbon dioxide (CO2) and power. The Midstream and Marketing segment provides services to other Occidental segments and third parties, as well as operates gas and CO2 pipeline systems, gas plants, cogeneration facilities and storage facilities. In addition, it markets Occidental's and third-party oil and gas, and trades around its assets, including transportation and storage capacity. The Midstream and Marketing segment also invests in entities that conduct similar activities.
The Midstream and Marketing segment comprises the following businesses:
CO2 Source Fields and Facilities – Occidental is one of the world's largest injectors of CO2 for enhanced oil recovery (EOR) , a technique used to increase production from mature wells. Occidental is the industry leader in Permian Basin CO2 flooding. At Occidental's source fields and facilities in the U.S., CO2 is processed and transported for use in Occidental's EOR program. The company's largest CO2 source-field operations are located in Bravo Dome, New Mexico, with smaller operations at Sheep Mountain in Colorado.
Gas Processing Plants – Occidental's U.S. natural gas production and third-party production is processed through plants in Texas, New Mexico and Colorado.
Power Generation – Occidental operates three large cogeneration plants — two in Texas, one in Louisiana. Collectively, the three plants have the capacity to produce over 1,200 megawatts of electricity per hour.
Marketing – Occidental Energy Marketing, Inc. (OEMI) markets Occidental's equity production and engages in third-party marketing and trading activities.
Pipelines – Occidental has equity investments in pipelines in the United States and in the Middle East. In the U.S., Occidental has an equity interest in the General Partner of Plains All-American Pipeline, L.P. In the Middle East, Occidental has a 24.5-percent equity interest in Dolphin Energy Limited, the operator and owner of the Dolphin Pipeline, a 230-mile, 48-inch natural gas pipeline with the capacity to transport up to 3.2 billion cubic feet of natural gas per day.