Anadarko Petroleum Corporation Identifies Natural Gas Discovery

Resource Investing News

nadarko 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.

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.

 

 

The Conversation (0)
MARKETS
COMMODITIES
CURRENCIES
×