HOUSTON, April 13 /PRNewswire/ -- Anadarko Petroleum Corporation
(NYSE: APC) today announced initial results from the Marco Polo prospect, its
first company-operated deepwater project in the Gulf of Mexico. The Green
Canyon Block 608 No. 1 well encountered 320 feet of pay in two major intervals
above salt. Formation tests recovered 30-degree API gravity oil. Additional
delineation drilling will be conducted to determine commerciality.
Current depth is 13,225 feet. An additional 3,500 feet will be drilled to
other zones above salt. Immediately following the deepening of the Green
Canyon 608 No. 1 well, a sidetrack well will be drilled to further evaluate
this discovery.
Using Transocean's Richardson semi-submersible rig, Anadarko was able to
reach current depth 17 days after initial spud at a cost of approximately
$7 million.
Anadarko owns a 100% working interest in the Marco Polo prospect, which is
located 160 miles south of Houma, Louisiana, in 4,300 feet of water.
SOURCE Anadarko Petroleum Corporation
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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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