Anadarko announces Gulf discovery

[peejay 327]

Anadarko announces Gulf discovery

By KRISTEN HAYS Houston Chronicle 2009

Feb. 2, 2009, 3:56PM

Recession or no recession, Anadarko Petroleum is moving ahead on drilling plans so far this year.

The Houston-based independent explorer and producer today announced a discovery at its Heidelberg prospect in the Gulf of Mexico. The field, in about 5,000 feet of water, is near the company’s Constitution oil and gas platform about 190 miles southwest of New Orleans.

The well’s total depth reached about 28,500 feet, the company said.

The nation’s second-largest independent said that once drilling operations are complete at Heidelberg, Anadarko will drill its nearby Vito prospect. Anadarko also is drilling its Shenandoah prospect farther southwest in the Lower Tertiary trend, and plans to drill its Samurai prospect north of that as well.

Simmons & Company International said in a note to investors today that the Heidelberg discovery likely equates to a discovery of 100 million barrels of oil equivalent.

Later today Anadarko is slated to unveil its fourth-quarter and year-end results.

Today’s news comes less than a month after Anadarko announced that a test well in the Jubilee field offshore Ghana indicated it could eventually deliver 20,000 barrels of oil per day.

Anadarko said the discovery well in the Heidelberg field increases its understanding of the surrounding deepwater rock formations under a thick layer of salt. The company has drilled seven successful exploration wells in that area, known as the Miocene trend.

Simmons said the value of the Heidelberg discovery is “likely enhanced” by its proximity to the Constitution platform. That could allow the well to be tied to Constitution rather than require an expensive new platform to produce its resources.

It also boosts Anadarko’s Gulf profile, because so far the company has had more than 50 percent exploration success on its plentiful Miocene prospects, Simmons said.

Also today, Houston-based Mariner Energy, one of Anadarko’s partners on the Heidelberg field, announced drilling successes on two other Gulf wells, including one much closer to Louisiana’s shore in 60 feet of water.

http://www.chron.com/disp/story.mpl/business/6242456.html

[Hilarious Clinton 452]

This is good news for all of us at VJ that have gasoline powered cars.

[peejay 327]

This is good news for all of us at VJ that have gasoline powered cars.

Lest we forget...these are jobs that put Americans to work so they can pay taxes, pays oil royalties into the US treasury, and keeps our money at home instead of sending it to governments that hate us. Not to mention that it is home grown energy that powers our economy. It creates wealth for our country rather than throwing money away.

Edited February 3, 2009 by peejay

[Hilarious Clinton 452]

This is good news for all of us at VJ that have gasoline powered cars.

Lest we forget...these are jobs that put Americans to work so they can pay taxes, pays oil royalties into the US treasury, and keeps our money at home instead of sending it to governments that hate us. Not to mention that it is home grown energy that powers our economy. It creates wealth for our country rather than throwing money away.

Exactly. Our energy solution should use a mix of domestic sources (wind, oil, coal, nuclear, solar, natural gas and hydro).

[spookyturtle 9,466]

100 million barrels will supply the US for 4 days.

[peejay 327]

100 million barrels will supply the US for 4 days.

Exactly the reason we have to get busy and find more.

[Uncle Wally 2]

100 million barrels will supply the US for 4 days.

You beat me to it:

http://www.eia.doe.gov/basics/quickoil.html