In 2019, Occidental acquired oil and gas assets in Africa as part of its purchase of Anadarko Petroleum. Occidental has entered into a
binding agreement to sell these assets to Total S.A.
Occidental completed the sale of Anadarko’s Mozambique LNG stake to Total for $3.9 billion in September 2019, and closed the South Africa transaction in February 2020. The two companies continue to work toward closing the remaining transactions on Algeria and Ghana, which are described below:
Algeria: Largest foreign oil producer with three mega projects in the Sahara Desert (Ourhoud, HBNS and El Merk) as part of a production sharing agreement that was signed with Sonatrach in the late 1980s.
Ghana: Working with our partners and with Tullow as operator, first oil was achieved at the Jubilee Field in December 2010; First oil was achieved at the adjacent TEN development in August 2016.