Occidental’s Middle East oil portfolio is to take a major hit with the looming eviction from a key Qatar field. The US firm hopes to reload with new Omani exploration blocks, but development will take time. Meanwhile, sour gas development in the UAE has provided a timely boost.

US mini-major Occidental is doubling down on its Oman presence in a bid to offset the looming loss of its core Qatar oil field in October 2019 (MEES, 19 October).

Oxy recorded a $196mn Q3 impairment due to...