Occidental CEO: Permian Basin Has Enough Additional Oil to Develop

“Well, we’ve seen continuing improvement in our oil well productivity and so we haven’t seen a drop off,” Hollub said, when asked about concern over productivity levels at an energy conference in the UAE’s capital of Abu Dhabi.

“Some operators are experiencing degradation … but I think the Permian (Basin) still has enough additional oil to develop that will continue to grow over the next few years,” she said.