Occidental discovers oil at Bandit prospect in Gulf of America
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Occidental Announces Gulf of America Oil Discovery at Bandit
April 9, 2026 7:00 AM EDTOccidental and its co-owners are evaluating results to determine next steps
HOUSTON, April 09, 2026 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced an oil discovery at the Bandit prospect in the Gulf of America, about 125 miles south of the Louisiana coast. The exploration well, located in Green Canyon Block 680, encountered high-quality, full-to-base oil-bearing Miocene sands.
Bandit is operated by Occidental, which holds a 45.375% working interest, and includes co-owners Chevron U.S.A. Inc. (37.125%) and Woodside Energy (17.5%). The co-owners are currently evaluating results to determine next steps. The... More
