Occidental to no longer pursue Qatar offshore field extension | Reuters:
Occidental Petroleum Corp said on Monday it would no longer pursue extension of the Idd El-Sharghi North Dome (ISND) offshore oilfield in Qatar, sending its shares down more than 5 percent.
The company had partnered with Qatar Petroleum for more than 20 years to develop the field and the contract expires in October 2019.
Occidental plans to redeploy the capital and workers in the offshore field to other projects.
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