Occidental, a Houston-based oil and gasoline exploration and manufacturing firm, is utilizing solar energy to instantly power an enhanced oil restoration subject operation within the Permian Basin.
The firm’s Goldsmith subject solar facility, constructed by Occidental in Ector County close to Odessa, Texas, expands on the corporate’s dedication to economically decrease its carbon footprint through the use of emissions-free power sources in operations. The facility options 174,000 photovoltaic panels with a complete capability of 16 MW – sufficient to power the operations on the Goldsmith subject. First Solar manufactured the panels and can be below contract with OLCV to function the power.
In addition, the corporate, by way of its Oxy Low Carbon Ventures (OLCV) subsidiary, has signed a long-term power buy settlement for 109 MW of solar, starting in 2021, to be used in its Permian operations.
“Occidental is taking an important step toward realizing our aspiration to become carbon-neutral through the use of emissions-free solar electricity,” says the corporate’s president and CEO, Vicki Hollub. “Using solar energy in our operations is another way Oxy Low Carbon Ventures is enhancing the profitability and sustainability of our business while meeting the challenge of reducing atmospheric greenhouse gases.”
OLCV additionally not too long ago signed a 12-year solar power buy settlement with a three way partnership between Macquarie’s Green Investment Group and Core Solar LLC, whose solar project in West Texas might be operational in 2021.
“As the top producer in the Permian, we are focusing many of our low-carbon investments and projects in the region with the goal of becoming the leader in producing lower-carbon energy,” says OLCV’s president, Richard Jackson. “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, are ultimately expected to eliminate more than 160,000 tons of carbon dioxide emissions each year.”