OXY FIRST U.S. COMPANY TO EXPLORE IN ALBANIA

Occidental Petroleum Corp. is the first U.S. oil company awarded a production sharing contract in Albania. The agreement between Oxy and Albania's Directorate of Oil and Gas calls for exploration of the 2,500 sq km Block 3 in the Adriatic Sea. Oxy is operator with 100% interest. Oxy agreed to conduct a 2 1/2 year exploration program that calls for acquiring 1,500 line km of seismic data and drilling one wildcat. Plans are to conduct the seismic survey later this year and drill the first

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