Anadarko Petroleum Corporation Identifies Natural Gas Discovery

Anadarko Petroleum Corporation (NYSE:APC) announced that they have discovered a new natural gas accumulation contained within the Offshore Area 1 of the Rovuma Basin of Mozambique.

As quoted in the press release:

The Orca-1 discovery well encountered approximately 190 net feet (58 meters) of natural gas pay in a Paleocene fan system.

Anadarko’s  Sr. Vice President, Worldwide Exploration, Bob Daniels, said:

We are designing an initial two-well appraisal program to define the areal extent of the Orca field, which will commence immediately after drilling our Linguado and Espadarte exploration wells. Orca is a single large Paleocene column, and its proximity to shore provides additional options and flexibility for potential future development.

To view the whole press release, click here.