Oxy Gets Synergy from Solar Project

October 6, 2019

Occidental Petroleum says it’s getting more power to its Permian Basin oil recovery efforts from the company’s own solar park.

Oxy announced on Thursday the startup of the 16 MW Goldsmith Field solar farm for direct supply to its enhanced recovery field operations in the Permian.

The company built the Ector County plant near Odessa utilizing 174,000 PV panels from First Solar, which will take operations of the project.

Occidental also announced a new partnership through its subsidiary Oxy Low Carbon Ventures with Macquarie’s Green Investment Group in a joint venture with Core Solar LLC for a 109 MW power purchase agreement by Oxy starting in 2021

The energy from that project, too, will be used to service Oxy’s West Texas oil recovery investments.

Oxy Low Carbon President Richard Jackson said, “The solar facility and long-term solar power agreement further enable us to realize cost efficiencies and reduce the carbon intensity of our operations through the use of lower-carbon electricity, which together is ultimately expected to eliminate more than 160,000t of carbon dioxide emissions each year.”