Anadarko Heidelberg appraisal well in deepwater GoM finds oil

Offshore staff

HOUSTON – Anadarko Petroleum Corp. (NYSE:APC) found oil in the Heidelberg-2 appraisal well in Green Canyon block 903 of the Gulf of Mexico.

The well was drilled to TD of 31.030 ft in 5,000 ft of water and encountered 250 net feet of oil pay in high-quality Miocene sands.

“The successful penetration of high-quality, oil-bearing sands confirmed the continuity of the reservoir, and validated our geologic model, and initial resource estimate of more than 200 MMbbl of oil,” said Bob Daniels, senior VP, Worldwide Exploration. “We plan to immediately sidetrack the well to evaluate the down-dip extent of the field, and plan to initiate pre-FEED (front-end engineering and design) activities to prepare for sanctioning a development project.”

Anadarko operates the block with a 44.25% working interest. Co-owners include Apache Deepwater LLC (12.5% working interest), Eni (12.5% working interest), Statoil (12% working interest), ExxonMobil (9.375% working interest), and Cobalt International Energy, L.P. (9.375% working interest).

2/20/2012

Anadarko Heidelberg

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