Stephen Lloyd
,Senior Vice President and General Manager - UAE,Oxy Oil and Gas
Stephen Lloyd is the senior vice president and general manager of Oxy Oil and Gas – UAE, an affiliate of American oil and gas major Occidental Petroleum Corporation. Lloyd is responsible for all UAE operations, including joint venture oversight of the Abu Dhabi Gas Development Company or Al Hosn Gas. He also has oversight for the UAE Human Resources, Information Technology and Finance departments. With Lloyd leading the way, Oxy is expected to continue funding growth opportunities in both Oman and Qatar, and to develop the Al Hosn gas project in Abu Dhabi.
Oxy’s oil production in Oman has tripled over the last ten years, making the company the largest independent oil producer in the Sultanate. Oxy produced a total of 800mn barrels of oil equivalent (MMboe) over the past thirty years, the executive said. Last year alone production in the Sultanate totalled around 83 MMboe, 27,000 boe per day.
ADNOC too has signed a technical agreement with Occidental Petroleum to develop the al-Hail and Ghasha oilfields. ‘ADNOC and Oxy will cooperate in carrying out a number of activities that reach up to $500mn in investment’, ADNOC says.
