Anadarko Petroleum Corporation (NYSE: APC)
     Operations Report
     Third Quarter 2000

    Bossier Sand Play

    Development
    The rig count in Anadarko's most active drilling area increased by two
during the third quarter, bringing the total number of rigs operating in the
Bossier Sand to 28 (24 in East Texas and four in northwest Louisiana).  During
the first nine months of 2000, Anadarko completed 105 wells in the Bossier.
The Company now has 265 wells that produced an average of 234 MMcf/d of gas
(gross) and 178 MMcf/d net in the third quarter.
    One of the most significant completions of the third quarter was the
Edwards A-4 well in the Dew/Mimms Creek Field, which tested 30.2 MMcf/d of gas
from the Bonner Sand.  Another notable well completed in the third quarter was
the Thigpen A-2 well in the Dew/Mimms Creek Field of Freestone County, Texas.
The well, which tested more than 17 MMcf/d of gas from the Moore and Bonner
sands, steps out more than 1.5 miles from Anadarko's best producer in the play
so far.  The other notable results from the third quarter include:

    --  Adams A-2 (23.4 MMcf/d of gas), Dew Field, 100% APC W.I.
    --  Burgher C-3 (11.7 MMcf/d of gas), Dowdy Ranch Field, 100% APC W.I.
    --  Lane A-9 (10.9 MMcf/d of gas), Dew Field, 71% APC W.I.
    --  Burgher D-5 (9.8 MMcf/d of gas), Dowdy Ranch Field, 100% APC W.I.
    --  Stephens A-2 (9.2 MMcf/d of gas), Dew Field, 81% APC W.I.
    --  Blair A-2 (8.6 MMcf/d of gas), Dew Field, 83% APC W.I.
    --  Burgher C-4 (8.6 MMcf/d of gas), Dowdy Ranch Field, 100% APC W.I.
    --  Henderson No. 10 (8.5 MMcf/d of gas), Mimms Creek Field, 100% APC W.I.
    --  Blair A-4 (7.7 MMcf/d of gas), Dew Field, 83% APC W.I.
    --  Alma Moore No. 9 (7.4 MMcf/d of gas), Mimms Creek Field, 100% APC W.I.

    In addition to these East Texas wells, Anadarko also had a significant
completion in the Vernon Field of Jackson Parish, Louisiana.  The Fisher 16-1
ALT well tested 5.0 MMcf/d of gas from the Lower Cotton Valley formation above
the Bossier sand interval.  The Company has a 95% working interest in the
well.
    The average Bossier well adds gross reserves of about 3.0 Bcf of gas.
Through improved completion techniques, Anadarko continues to enhance the
performance of each well.  After a high initial rate, the typical Bossier well
levels off to about 1 MMcf/d of gas on average and continues to produce for
the next 25 years.
    During the third quarter, Anadarko increased its leasehold position, which
now covers approximately 200,000 acres, 75% of which is undeveloped.  At
current activity levels, the Company has a two-year infill and development
inventory.
    The Company's gas gathering capabilities were enhanced during the third
quarter with the August 1 start-up of operations at the Buffalo Central
Gathering Facility (CGF).  The Buffalo facility and the Goode Ranch CGF, which
Anadarko began building in the third quarter, are designed for separation and
dehydration of gas.  Altogether, Anadarko's gas gathering network has more
than 10,000 horsepower of compression -- capable of processing 350 MMcf/d of
gas -- and more than 100 miles of pipeline.

    Exploration
    In the process of extending its Bossier discoveries, Anadarko continues to
uncover new exploration opportunities.  So far in 2000, the Company has
drilled seven exploration wells, five of which are discoveries.  The other two
are currently drilling.  In fact, the Bossier Play is actually comprised of
multiple fields and the Company is developing other pay zones in addition to
the Bossier Sand formation.
    Two of Anadarko's most recent discoveries were made about 35 miles
southwest of the Dew/Mimms Creek Field on the Bald Prairie prospect in
Robertson County, Texas.  The Reagan A-1 and B-1 wells each tested more than
2 MMcf/d of gas from the Bossier Sand and deeper Cotton Valley Lime intervals.

    In Leon County, Texas, completion operations are under way on the Carter
A-1 well, which encountered more than 450 feet of gross sand in four
intervals.  If successful, the well would mark the beginning of development in
the North Linn Creek Field.
    In Freestone County, Anadarko has a new discovery on its Indian Creek
prospect.  The Ball D-1 well encountered 220 feet of pay in the Bossier
formation and is currently producing 1 MMcf/d of gas.  The Company expects to
drill two more wells on the prospect by the end of the year.  In addition,
Anadarko recently completed two offset wells to the Hill B-1 well that
discovered the Goode Ranch Field.  The Hill C-1 well tested 2.9 MMcf/d of gas,
and the Brown A-1 well produced 2.2 MMcf/d of gas.
    Two other significant wildcat wells were spudded during the third quarter,
including the Sandbar prospect, located in Nacogdoches County, Texas, about 35
miles northeast of the Dew/Mimms Creek area.  Approximately six miles west of
its Vernon Field in Jackson Parish, Louisiana, Anadarko is drilling an
exploratory well on the Ansley prospect.

    Gulf of Mexico

    Anadarko was the apparent high bidder on 17 of 18 blocks on which the
Company bid in the Federal OCS Lease Sale No. 177 conducted by the Minerals
Management Service on August 23.  Six of the blocks are in the Mustang Island
area offshore Texas, where water depths run as shallow as 250 feet.  The rest
are deepwater blocks located in the East Breaks and Garden Banks areas in
water depths up to 4,000 feet.  Three of the blocks surround Anadarko's
LaSalle deepwater prospect, which is expected to be drilled in December 2000
or January 2001.  The Company invested $4.7 million to acquire the lease
acreage and holds a 100% working interest in 15 of the blocks.  Interest in
the other two blocks, located in the Garden Banks area, is shared 50/50 with
Devon Energy.  To date, Anadarko has officially been awarded 10 of the 17
blocks for which it was the apparent high bidder.

    Sub-salt
    Installation of the production facilities to develop the Tanzanite (Eugene
Island 346) and Hickory (Grand Isle 110/111/116) Fields 80 miles off the coast
of Louisiana was completed during the third quarter.  Both procedures were
completed during a three-week period in late August and early September using
the Heerema Corporation's Hermod derrick barge.  The Tanzanite platform,
located in 314 feet of water, is designed with six drilling slots and will
have the capacity to produce 200 MMcf/d of gas and 15,000 BOPD.  The Hickory
platform, located in 320 feet of water, will be capable of producing
300 MMcf/d of gas and 15,000 BOPD through eight drilling slots.  Anadarko has
a 100% working interest in Tanzanite and is 50% owner of the Hickory Field.
Initial production from both fields is expected later in the fourth quarter of
2000.
    In the Hickory Field during the third quarter, Anadarko also spudded the
Grand Isle 111 No. 1 well, which is testing a separate fault block adjacent to
the original discovery well (Grand Isle 116 No. 1).  Also known as the North
Hickory prospect, the well is currently being sidetracked to the top of the
Hickory structural closure.
    At the Mahogany production platform (Ship Shoal 349/359), Anadarko spudded
the A-9 exploratory well during the third quarter.  The well is targeting
natural gas in the deeper "T" sand interval below the main "P" sand pay zone
which produces oil.  The A-9 well is currently drilling at 11,364 feet.

    Deepwater
    A third sidetrack well to the Green Canyon 608 No. 1 well was drilled
during the third quarter, as delineation of the Marco Polo discovery
continued.  Drilling is also under way on the Green Canyon 608 No. 2 well,
which is designed to test for additional pay intervals in a separate fault
block.  Elsewhere in the deepwater, the Company spudded the Mississippi Canyon
711 No. 5 well as part of an effort to determine the extent of the Gomez
discovery.

    Conventional
    At the Matagorda Island 622/623 complex, the largest gas field offshore
Texas, the operator completed the D-3 well during the third quarter as part of
an ongoing program to increase natural gas volumes.  The well was brought
on-line at a rate of 35 MMcf/d of gas.  In addition, production from the C-8
well, which began drilling in the second quarter, commenced in the third
quarter.  A procedure to install larger 5-1/2 inch tubing during the third
quarter also helped accelerate production.  Gross volumes from the field at
the end of the third quarter were more than 200 MMcf/d of gas.  The Company
has a 37.5% interest in the BP/Amoco-operated complex.
    The South Marsh Island Block 269 No. 7 well was drilled during the third
quarter as a sidetrack and encountered 60 feet of pay.  Completion efforts are
currently underway with initial production expected to be 25 MMcf/d of gas
(gross).  Anadarko owns a 55% working interest in the well and serves as
operator.
    During the third quarter, the second well was spud at the McMoran-operated
Raptor discovery (Ship Shoal Block 296).  The well encountered two pay sands
totaling 60 feet after being drilled to a depth of 10,345 feet.  The No. 2
well is awaiting the fabrication and installation of production facilities.
Flow rates are estimated at 25-40 MMcf/d of gas.  The No. 1 well, which was
spud during the second quarter, logged 75 feet of gross pay.  Anadarko owns a
35% working interest in the field.
    In the third quarter, Anadarko had a discovery at Ship Shoal Block 207.
The A-35 well encountered more than 100 feet of net gas pay in four zones.
Production is expected to commence in November 2000 at an initial rate of 15
MMcf/d of gas.  Anadarko serves as operator of the well and has a 53% working
interest.

    South Louisiana

    During the third quarter, the fourth well was spud in the Kent Bayou Field
of Terrebonne Parish, Louisiana, to further delineate the discovery.  In
addition, the Continental Land and Fur Co. No. 3 well was completed with
initial production of 6,000 BOPD and 22 MMcf/d of gas expected by the end of
October 2000 following the installation of processing equipment.  Volumes from
the two wells currently producing are 2,400 BOPD and 10 MMcf/d of gas.
However, Anadarko is currently upgrading facilities by adding compression,
separators and a new oil sales pipeline that should increase production
significantly.  Anadarko owns a 66.7% working interest and a 46.8% net revenue
interest in the Kent Bayou Field, which was discovered in 1999.
    The Company's ongoing horizontal drilling program in the Austin Chalk
resulted in two significant completions in south Louisiana during the third
quarter.  The Exxon Minerals A-1 RE well tested 480 BOPD and 2.5 MMcf/d of gas
after reentering the Chalk and being drilled laterally for a distance of
3,500 feet.  Anadarko owns a 78% working interest in this Masters Creek Field
well, located in Rapides Parish, Louisiana.  In Vernon Parish, Louisiana, the
Company completed the Strickland 17 No. 1 RE well, which was drilled using
stacked horizontal laterals.  The re-entry, which covered 3,500 feet in the
Chalk A and 3,200 feet in the Chalk B, tested 644 BOPD and 2.1 MMcf/d of gas.
Anadarko has a 100% working interest in the Masters Creek well.

    Hugoton Embayment

    During the third quarter, Anadarko stepped up gas drilling programs in
southwest Kansas.  The goal is to offset declines in production from the older
Hugoton field with new production from deeper zones from the area.  The Bush
B-3 well in the Evalyn Field of Seward County, Kansas, was recompleted to the
Marmaton "C" interval.  The well is flowing 353 BOPD and 276 Mcf/d of gas
through a 25/64-inch choke.  In Stevens County, Kansas, Anadarko completed a
Hugoton Joint Venture well as a lower Morrow producer.  The HJV Christopher A-
1 well flowed 10.5 MMcf/d of gas and 45 BCPD.  The Company owns a 100% working
interest in the well.  Anadarko also recompleted the Adams L-3 well in the
Eubank Field of Haskell County, Kansas, which tested 149 BOPD from the Morrow
Lime formation.  The Company has a 100% working interest in the well.  Also in
the Eubank Field, Anadarko completed a four-well deep drilling program
resulting in combined gross production of 258 BOPD and 1.3 MMcf/d of gas from
seven different intervals.
    In the Lorena East Field of Texas County, Oklahoma, Anadarko completed the
Murphy Trust A-1 well.  The well produced 300 BOPD from the Basal Chester
formation.  Anadarko owns a 64% working interest in the well.

    Texas Panhandle

    Another five wells were completed in the West Panhandle Field of Moore
County, as the Company continued with its infill drilling program targeting
the shallow Red Cave formation.  Seven wells were placed on production during
the third quarter at a combined initial rate of 5.5 MMcf/d of gas (gross).  So
far in 2000, Anadarko has drilled 29 successful Red Cave wells, which have
added 8.0 MMcf/d of gas (gross) to the Company's production volumes.  Anadarko
owns a 100% working interest in these 2,300-foot low-cost gas wells.
    After being temporarily abandoned, the Sneed "C" No. 6050R well in the Red
Cave North Field was completed and placed on production during the third
quarter at an initial production rate of 1 MMcf/d of gas (gross).

    Permian Basin

    The Company's waterflood program in the Snyder Field of Howard County,
Texas continued at a brisk pace during the third quarter.  Individual well
results were highlighted by the B.S. TXL "D" No. 3335, No. 3336 and No. 3320,
which tested at a combined rate of 181 BOPD (gross) from the San
Angelo/Clearfork formation.  The Susie B. Snyder No. 2012 well tested 59 BOPD
(gross), while the Susie B. Snyder "C" No. 2819 well produced 101 BOPD
(gross).  Both of these wells were completed in the San Angelo formation.  The
Susie B. Snyder No. 2010 was completed in the San Angelo/Clearfork formation
and tested 144 BOPD (gross).  Anadarko has a 100% working interest in each of
these wells.  The total production from the Snyder field is 1,000 BOPD
(gross).
    Activity was strong in the Revilo Field of Scurry County, Texas, during
the third quarter, with four notable completions.  The P.P. Boyles No. 16 well
and the M.M. Boyd No. 8 well tested at a combined rate of 149 BOPD (gross).
The Company has a 100% working interest in these Wichita/Albany producers.
The M.M. Boyd No. 7 produced 49 BOPD (gross) after being completed in the San
Angelo formation.  The Iona Williamson No. 10 well was completed in the
Glorieta and Clearfork formations and tested 57 BOPD(gross).  The Company has
a 100% working interest in each of these wells.
    A nine-well development drilling program in the N. Shugart Field of Eddy
County, New Mexico was concluded in the third quarter.  As a result of the
initiative, gross production from the Bone Spring formation increased to
959 BOPD and 1.5 MMcf/d of gas, up from 40 BOPD and 90 Mcf/d of gas prior to
the program.
    Two of the more notable completions from the third quarter included the
Paton "B" No. 3 Federal well which tested 62 BOPD (gross) from the Grayburg
formation and the Baish Federal No. 11 well, that produced 90 BOPD (gross)
from the Bone Spring formation.  Anadarko owns a 100% working interest in each
well.
    In the Ozona Field, of Crockett County, Texas, activity continued at a
steady pace highlighted by development drilling in the Canyon Sand and Strawn
intervals.  During the third quarter Anadarko completed 11 development wells
which combined produced 2.5 MMcf/d of gas (gross).  Year-to-date, 40 wells
have been completed, adding 7.0 MMcf/d of gas (gross).

    Rocky Mountains

    Utah coalbed methane
    The 2000 drilling campaign for Anadarko's coalbed gas development program
kicked off in the third quarter.  Using two rigs, the Company has drilled
31 producers, with another 22 wells planned for the fourth quarter.  The
majority of production from these wells initially will be water, with gas
volumes ramping up through 2001.
    In the Helper Field of Carbon County, Utah -- the focal point of
Anadarko's coalbed methane program -- construction to expand the existing
central production facility (CPF) was initiated and is expected to be
completed in the fourth quarter of 2000.  Currently processing 23 MMcf/d of
gas (gross), the CPF is at full capacity.  The expansion project will increase
its capabilities to 33 MMcf/d of gas.  Construction also began on a new CPF,
an electrical distribution system and a pipeline network for the Clawson
Spring Field in Carbon and Emery Counties, Utah.  This project is expected to
finish in the fourth quarter, as well.

    Wyoming
    The pace of drilling in the greater Wamsutter area increased in the third
quarter as a result of government approval of the Continental Divide/Wamsutter
II Environmental Impact Study.  BP/Amoco has drilled 49 wells as part of their
four-rig drilling campaign in the area and expects to continue the program
through 2000.  Anadarko has an average 25% working interest in these wells and
a 33% net revenue interest.  In addition, Anadarko should have two
Company-operated rigs running by the end of October, 2000 that will be focused
on development drilling.  One will be dedicated to an infill project in the
Wamsutter Field and the other to a drilling project in the Brady Field.
    In the overthrust belt of western Wyoming, activity was highlighted by the
completion of the BP/Amoco-operated Kewanee Federal 1A well.  This horizontal
re-entry in the Madison formation tested at rates as high as 52 MMcf/d of gas
(gross), which will flow to the Whitney Canyon plant.  Anadarko owns a 12.6%
working and a 17.2% net revenue interest in the well and a 19% working
interest in the Whitney Canyon plant.

    Golden Trend

    Anadarko launched a 19-well drilling program in the third quarter to
develop oil reserves in the Northeast Purdy Springer Unit (NEPSU).  The
initiative will focus on CO2 flood infill drilling in the NEPSU.  There were
two active rigs in operation at the end of the third quarter, and the Company
expects to have three rigs running in the fourth quarter.

    Carthage

    During the third quarter, Anadarko completed 12 wells in the Carthage area
of East Texas, which added 11 MMcf/d of gas (gross) to the Company's
production volumes.  Four rigs are currently operating in the play, developing
tight gas sands in the Cotton Valley interval.  The Sandbar prospect, an
exploratory well targeting the deeper Bossier formation, was also spud in the
third quarter.
    Net volumes from the more than 900 wells currently producing in the four
areas comprising the Carthage Field is about 100 MMcf/d of gas.  In addition,
Anadarko produces about 5,000 barrels of oil and natural gas liquids per day
(net).

    Central Texas

    Continued development of the Buda and Austin Chalk formations is the
primary focus of Anadarko's efforts in central Texas.  Using six rigs, the
Company completed 16 wells in the third quarter, which added incremental
production of 38.1 MMcf/d of gas and 6,100 BOPD.  Particularly noteworthy was
the Becker No. 1 RE well in the Navasota River Field of Washington County,
Texas which tested 22.3 MMcf/d of gas.  Anadarko has a 100% working interest
in the well.  Current net volumes from Anadarko's nearly 1,200 producing wells
in central Texas are 190 MMcf/d of gas and 13,935 BOPD.
    Re-entering producing intervals through the use of horizontal drilling is
a major component of Anadarko's Austin Chalk program.  A total of 11 workover
rigs were also in operation during the third quarter, conducting fracture
stimulation operations that increased the Company's production volumes.

    Alaska

    Development facilities at the Alpine Field on the North Slope are nearly
complete, with first production on schedule to begin later in the fourth
quarter of 2000.  Anadarko expects volumes to average 80,000 BOPD (gross) in
2001.
    During the third quarter, Anadarko sold a 33.33% working interest in North
Slope acreage it held under exclusive lease option to AEC Oil & Gas [USA]
Inc., a wholly owned subsidiary of Alberta Energy Company Limited.  The lease
covers 3.1 million acres under option from the Arctic Slope Regional
Corporation in the Foothills region south of Prudhoe Bay.  Anadarko will serve
as operator, with a 66.67% working interest.  The transaction complements
Anadarko's purchase of Mackenzie Delta Basin acreage in Canada's Northwest
Territories (see below for details).

    Canada

    On August 31, 2000, Anadarko announced that it purchased a 37.5% working
interest in two exploration licenses covering 530,000 acres in the MacKenzie
Delta region from Alberta Energy Company Ltd. (AEC) of Calgary.  Increasing
Canadian holdings in the MacKenzie Delta fits Anadarko's long-term strategy of
providing natural gas to North American markets.  The transaction involves two
onshore blocks adjacent to the gas-rich Parsons Lake Field.  AEC serves as
operator, with a 37.5% working interest, and Gulf Canada owns the remaining
25%.  The purchase complements Anadarko's other Canadian Arctic holdings,
which consist of non-operated working interests that range from 3.4% to 24% in
10 significant discovery licenses and one production license.  Combined, the
properties cover more than 142,000 acres and include the Amauligak Field, the
largest offshore field in the Canadian portion of the Beaufort Sea.
    In another development, Anadarko Canada Corporation submitted a successful
bid for an exploration license on one of the MacKenzie Delta/Beaufort Sea
tracts offered in the August 14, 2000 lease sale by the Minister of Indian
Affairs and Northern Development.  The Company acquired a 100% working
interest in Exploration License No. 407, which is centrally located in a
region where 53 fields with reserves of 9 trillion cubic feet of gas and
1 billion barrels of oil have already been discovered (source:  National
Energy Board).  Exploration License 407 covers about 176,000 acres and is
immediately northwest of the giant Taglu Field.
    By the end of the third quarter, Anadarko had completed 254 wells in the
shallow gas Hatton play of southwest Saskatchewan, adding production of
17.0 MMcf/d of gas (net).  The Hatton Field is currently producing
72.8 MMcf/d of gas (net) with the Company's working interest in these wells
averaging about 85%.  Anadarko has a two-year inventory of 600 shallow gas
wells ready to drill.
    Combined production from Anadarko's various heavy oil programs under way
in Eastern Alberta is currently about 16,000 BOPD.  In the Kehewin/Moose Hills
areas, the primary area of focus, Anadarko has drilled 112 wells year-to-date
with cumulative incremental net production of more than 700,000 barrels or
nearly 2,700 BOPD.  Using 2-D seismic data, Anadarko has located new
productive channels on 50,000 acres acquired earlier this year, with
additional drilling planned for this year.  A 130 square-mile 3-D seismic
acquisition program is planned for later in the 2000-2001 winter season.
Overall, Anadarko projects more than 1,000 drilling locations in its inventory
for this very economic play.
    Net production at the Klua Field in British Columbia has been expanded by
10 MMcf/d of gas, with volumes currently running at 28 MMcf/d of gas.  Another
50 drilling locations have been identified in various plays throughout British
Columbia and Anadarko plans to spud additional wells this winter.

    Algeria

    During the third quarter Anadarko and partners awarded the Engineering
Procurement and Construction (EPC) contract to build a central production
facility to develop the Ourhoud Field.  The new facilities, which are being
built by a joint venture group composed of Japan Gasoline Corporation and
Initec of Spain, will have a capacity of 230,000 BOPD (gross) when completed.
First production is expected in late 2002.  The EPC contract calls for the
construction of three oil processing units, along with water injection and gas
processing and injection facilities, a field gathering system and crude oil
storage and shipping installations.
    In addition, the Company and its partners signed an addendum to the EPC
contract with Brown and Root Condor for development of the satellite fields
(HBNSE, RBK, QBN and BKNE) adjacent to the HBNS Field.  The contract includes
construction of a third production train under Anadarko's Stage II development
program that will increase gross plant capacity by an additional 75,000 BOPD
in the second half of 2002.
    Highlights from Anadarko's drilling program in the third quarter included
a number of significant wells.  The HBN-5 well, located in the southern
portion of the Hassi Berkine (HBN) Field, encountered 38 feet of net pay in
the TAGI reservoir and was completed as an oil producer.  The well tested
4,623 barrels of 40.4 degree API gravity oil per day and 4.1 MMcf/d of gas
with flowing tubing pressure of 1,492 psi through a 5/8-inch choke.  The HBN-6
well, located in the northern area of the HBN Field, was completed as an oil
producer in September.  The well encountered nearly 72 feet of net pay in the
main TAGI reservoir.  The QB-12 well in the north central portion of the
Ourhoud Field encountered 113 feet of net pay and was suspended as a planned
oil producer.

    Latin America

    In Venezuela during the third quarter, Anadarko participated in drilling
three successful wells in the Oritupano Leona Field.  The Orm-144, Orm-145 and
Orm-146 wells are being completed in the Oficina formation.  Anadarko has a
45% working interest in this field, operated by Perez Companc.  Third quarter
drilling activity brings the number of wells drilled to date to 22 of a
planned 28 wells for the year.  Daily production has increased to 45,000 BOPD
gross (20,000 BOPD net) to Anadarko, up from 40,000 BOPD gross (18,000 BOPD
net) at the beginning of the year.
    In Guatemala, one rig is presently drilling on La Sabana No. 1, an
11,500-foot exploration well.  If successful, this exploration would establish
new reserves on trend within the Xan field, which produces 21,000 BOPD (net).
Anadarko operates all of its activities in Guatemala with a 100% working
interest.  Logging results are expected in mid-December.

    West Africa

    In the third quarter, Anadarko and Devon Energy announced a farmout
agreement for three exploration blocks off the coast of West Africa.  Anadarko
will serve as operator and hold a 50% interest in the Agali Block offshore
Gabon and will also operate the Marine IX Block offshore the Republic of Congo
with a 37.5% interest.  Devon will operate the Keta Block in Ghana, and a
shelf-edge exploration well is expected to be drilled later this year.
Another deepwater 3-D seismic survey is planned for the Agali Block early in
2001 to evaluate prospective areas identified on a recent 2-D survey.  A
deepwater exploration well is planned for the Marine IX Block in 2001.

    North Atlantic Margin

    Anadarko successfully acquired two high-potential blocks in the most
recent licensing round in the Faroe Islands and is currently evaluating its
options which could include exploratory drilling to chase the play northward.
The Company is currently drilling well on Tranche 61 -- its second in the
concession area -- and it is classified as a tight hole.

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