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Occidental discovers oil at Bandit prospect in Gulf of America, boosting US domestic supply potential.

Market News
09 Apr 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

Occidental announced an oil discovery at the Bandit prospect located about 125 miles south of Louisiana in the Gulf of America. The well encountered high-quality oil-bearing sands, with Occidental holding a 45.375% stake alongside Chevron and Woodside Energy. This discovery could enable subsea connections to nearby facilities, enhancing the Gulf of America's role as a strategic source of reliable domestic oil. The partners are currently assessing the results to decide on next steps.

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