Anadarko Petroleum Corporation (NYSE: APC) today announced its Phobos-1 well in the deepwater Gulf of Mexico encountered approximately 250 net feet of high-quality oil pay in Lower Tertiary-aged reservoirs. “Our 2013 Gulf of Mexico exploration program is off to an outstanding start, as Phobos marks our third significant deepwater success this year,” Anadarko Sr. Vice [...]
Last Friday, Technip and Anadarko Petroleum Corporation held the Lucius Spar sail away ceremony. The christening ceremony took place in Technip’s yard in Pori, Finland. Thierry Pilenko, Technip’s Chairman and CEO, as well as Anadarko’s Senior Vice President for International and Deepwater Operations, Doug Lawler, and Anadadarko’s Vice President for Worldwide Projects, Don Vaderman, were [...]
Anadarko Petroleum Corporation today announced the discovery of a new natural gas accumulation fully contained within the Offshore Area 1 of the Rovuma Basin of Mozambique. The Orca-1 discovery well encountered approximately 190 net feet (58 meters) of natural gas pay in a Paleocene fan system. “Discovering another large, distinct and separate natural gas accumulation [...]
India’s state-run oil and gas companies ONGC and Oil India have launched a joint bid for a 20 pct share in Mozambique’s offshore Rovuma Area 1, previously offered for sale by Anadarko and Videocon, Reuters has reported, citing a source close to the matter. The Economic Times on March 5, reported that Anadarko and Videocon [...]
Anadarko, a US-based independent oil company, and India’s Videocon are looking to sell stake in Rovuma Area 1 offshore Mozambique, The Economic Times has reported. According to the ET, Videocon plans to receive between USD 2.5 and 3 billion for its 10% stake in the gas rich area. Anadarko, the operator of the field is [...]
Anadarko Petroleum Corporation yesterday, March 5, announced it has signed a definitive agreement with an undisclosed party to enter into a carried-interest arrangement for a portion of Anadarko’s ownership in the Heidelberg development project in the deepwater Gulf of Mexico. Under the terms of the agreement, Anadarko will be carried for $860 million, which represents [...]
Anadarko Petroleum, a U.S.-based independent exploration and production company has announced that Al Walker has been elected Chairman of the Board, effective at the end of Anadarko’s Annual Meeting of Stockholders on May 14, 2013. He also will continue to serve as President and CEO. Walker, 56, will succeed James T. Hackett. Hackett will serve as [...]
Fluor Corporation and JGC Corporation announced today that their 50/50 joint venture was awarded a front-end engineering and design (FEED) contract by Anadarko Moçambique Area 1 Limitada for an onshore natural gas liquefaction facility in the Republic of Mozambique. The project will be located in the Cabo Delgado Province, 2,000 kilometers northeast of Mozambique’s capital, [...]
Anadarko Petroleum Corporation today announced that it has reached Heads of Agreement (HOA) with Eni, establishing foundational principles for the coordinated development of the common natural gas reservoirs spanning both Mozambique’s Offshore Area 1 (operated by Anadarko) and Offshore Area 4 (operated by Eni). The HOA is designed to facilitate a work program whereby the [...]
Indonesia’s oil company PT Pertamina (Persero) through Pertamina Hulu Energi has signed a definitive acquisition agreement with Anadarko Offshore Holding Company LLC to gain 100% ownership of Anadarko Ambalat Limited, Anadarko Bukat Limited, and Anadarko Indonesia Nunukan Company. The fee for the transaction was not disclosed. These three companies are subsidiaries of Anadarko Petroleum Corporation [...]
