Occidental signs long-term CO₂ offtake agreements for enhanced oil recovery
OXY•Occidental signed long-term CO₂ offtake agreements for enhanced oil recovery projects expected to capture and transport 2 million metric tons annually, with initial shipments anticipated in 2029 and potential to expand to 4 million metric tons per year.
1. Project volumes and timing
The projects are expected to capture and transport 2 million metric tons of CO₂ annually, with initial shipments to Occidental anticipated in 2029. They have the potential to expand to 4 million metric tons per year. Occidental is pursuing offtake from additional third-party sources of anthropogenic CO₂.
