ANADARKO LOGO Anadarko Petroleum Corporation Logo. (PRNewsFoto)[KC] HOUSTON, TX USA

    HOUSTON, March 15 /PRNewswire/ -- Anadarko Petroleum Corporation
(NYSE: APC) today announced that it is the apparent high bidder on 33 blocks
offered in the federal OCS Lease Sale No. 175 conducted by the Minerals
Management Service (MMS).  Bidding alone and with partners, the company was
successful on 33 of 34 total bids, representing an expenditure of
$24.9 million net to Anadarko.  The blocks, which cover 166,482 acres (gross)
in the central Gulf of Mexico, range in water depths from 229 feet to
4,400 feet.
    "We continue to see great opportunities in the Gulf of Mexico," said
Robert J. Allison, Jr., Anadarko Chairman and Chief Executive Officer.  "The
results of this lease sale reflect our commitment to building an exploration
portfolio that is appropriately balanced between traditional shallow water
areas and non-traditional plays such as the sub-salt and deepwater."
    The apparent high bids for Anadarko and partners are shown on the attached
page, along with the percentage of working interest for each company.  All
bids are subject to review and final approval by the MMS.

                              OCS Lease Sale 175

    Block                   Apparent High Bid     Partners          Interest
                                 (Gross)

    Mississippi Canyon 531        $156,500        Anadarko              25%
                                                  EEX                   25%
                                                  Enterprise            25%
                                                  PanCanadian           25%

    Mississippi Canyon 532        $175,750        Anadarko              25%
                                                  EEX                   25%
                                                  Enterprise            25%
                                                  PanCanadian           25%

    Mississippi Canyon 575        $227,850        Anadarko              25%
                                                  EEX                   25%
                                                  Enterprise            25%
                                                  PanCanadian           25%

    Mississippi Canyon 619        $224,950        Anadarko              25%
                                                  EEX                   25%
                                                  Enterprise            25%
                                                  PanCanadian           25%

    Mississippi Canyon 664        $173,350        Anadarko              25%
                                                  EEX                   25%
                                                  Enterprise            25%
                                                  PanCanadian           25%

    Eugene Island 344             $562,500        Anadarko              50%
                                                  Murphy Exploration &  50%
                                                  Production Co.

    Eugene Island 345           $4,187,500        Anadarko              50%
                                                  Murphy Exploration &  50%
                                                  Production Co.

    Grand Isle 117                $319,000        Anadarko              50%
                                                  Shell Offshore Inc.   50%

    Grand Isle 120                $350,000                             100%

    Vermilion 372                 $285,000                             100%

    Vermilion 373                 $260,000                             100%

    Mississippi Canyon 400        $540,000                             100%

    Mississippi Canyon 401        $265,000                             100%

    Vermilion 358                 $356,500                             100%

    Vermilion 359                 $356,500                             100%

    South Timbalier 308           $266,000                             100%

    South Marsh 199               $181,850                             100%

    South Marsh 200               $118,500                             100%

    West Cameron 609              $142,000                             100%

    Green Canyon 606            $9,375,000                             100%

    Green Canyon 652            $6,250,000                             100%

    Vermilion 382                 $242,000                             100%

    Vermilion 383                 $542,000                             100%

    Eugene Island 347             $562,500                             100%

    Vermilion 405                 $258,000                             100%

    Vermilion 411                 $458,000                             100%

    South Marsh 154               $126,000                             100%

    South Marsh 163               $126,000                             100%

    South Marsh 164               $126,000                             100%

    South Marsh 178               $126,000                             100%

    South Marsh 187               $126,000                             100%

    Ship Shoal 338                $165,000                             100%

    Vermilion 378                 $513,500                             100%

Link to this page:

  

http://www.prnewswire.com/comp/038950.html or fax,
800-758-5804, ext. 038950
CONTACT:
analysts and investors, A. Paul Taylor,
281-874-3471, or media, Tony Canino, 281-873-3855, both of
Anadarko Petroleum Corporation

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