Texas-based deep-water E&P company Anadarko Petroleum has announced two new discoveries in the US Gulf of Mexico.
One, at the Warrior well, is operated by Anadarko and the company has a major 65% stake, with the other parties being Ecopetrol (20%) and MCX Exploration (15%). Anadarko said it found more than 210 feet of net oil pay in multiple high-quality Miocene-aged reservoirs.
The other discovery was at the Phobos well and, Anadarko said, contains 90 feet of net high-quality oil pay in Pliocene-aged reservoirs.
Woodlands-headquartered Anadarko also announced the completion of its purchase of Gulf of Mexico assets from Freeport-McMoran Oil & Gas. This deal, first announced in September, cost $2bn and doubles Anadarko’s ownership in the Lucius development to around 49%.
The discoveries and acquisition mark an uptick in fortunes for Anadarko a year on from December 2015 when it was ordered to pay $159.9m for its role as a partner of BP in the Deepwater Horizon oil rig disaster and posted losses of $1.25bn in the final quarter of that year.