Monday, February 2, 2009

Anadarko's Deepwater Gulf Discovery

This isn't a Petrobras strike, but it's worth mentioning. Texas-based Anadarko recently announced a deepwater oil discovery in the Gulf of Mexico, named "Heidelberg," located under 5,000 feet of water and total drilled depth of 28,500 feet.

Excerpts from the press release read:

"The Heidelberg discovery further validates our geologic understanding of the subsalt Miocene trend. The well encountered the same-age sands and reservoir characteristics similar to the previously announced Caesar/Tonga discoveries," said Bob Daniels, Anadarko Sr. Vice President, Worldwide Exploration. "Since 2005, we have drilled seven successful exploration wells in this Middle-Miocene trend, each targeting resources of more than 100 million barrels."

Once drilling operations are complete at Heidelberg, Anadarko plans to drill the Vito prospect in Mississippi Canyon block 984, which Anadarko operates with a 20-percent working interest. Vito is a 30,500-foot test, targeting Miocene objectives in 4,000 feet of water and is on trend with other recently announced industry discoveries at Kodiak and Freedom.

According to the press release, "As of year-end 2007, Anadarko had 2.4 billion barrels of oil equivalent of proved reserves, making it one of the world's largest independent oil and natural gas exploration and production companies."

- Brewskie

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