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13

Anadarko Petroleum To Invest in Ghana and Algeria

In Anadarko Petroleums 2009 capital program, the company has slotted $4-$4.5 billion for capital expenditures with 20% going to exploration and appraisal activities in Ghana and Algeria

The company hopes to carry on the success it achieved over 2008 and early 2009 in Ghana and the Gulf of Mexico.

“Our exploration program has been delivering differentiating success, with some of the world's largest discoveries during the last two years,” explained Anadarko Chairman and CEO Jim Hackett. “We have an abundance of high-quality projects worldwide, in areas where we can effectively apply our deepwater skill sets and project-execution expertise. These include the Jubilee-field development offshore Ghana and the Caesar/Tonga complex in the deepwater Gulf of Mexico (GoM).”

Some of those exploration successes will carry over into the development stage of its mega-projects, led by the giant Jubilee field offshore Ghana, the Caesar/Tonga complex in the deepwater GoM, and the El Merk project in Algeria.

Author: Ksenia Kochneva