Anadarko hits 480 ft of pay in first find offshore Mozambique

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February 18, 2010

The Windjammer exploration well in the frontier Rovuma Basin offshore Mozambique, an Anadarko Petroleum Corp. project, has reached an intermediate casing point and encountered more than 480 net feet of natural gas pay in high-quality reservoir sands, with a gross column of more than 1,200 feet. 

To date, this well has tested one of the seven identified play types in Anadarko's operated acreage offshore Mozambique.

The company has identified approximately 50 leads and prospects across its 2.6 million-acre position in the basin.

To date, the Windjammer well has been drilled to a depth of approximately 14,000 feet in about 4,800 feet of water, approximately 30 miles east of the Mozambique coastline. The company anticipates drilling another 4,100 feet in this well to gain additional geological information prior to reaching total depth.

After testing, the Anadarko plans to move the Belford Dolphin drillship to its Collier prospect less than 50 miles south-southeast of Windjammer. Anadarko also expects to drill two to four additional exploration wells in the Rovuma Basin this year, with initial well results from Windjammer and Collier determining which prospects are drilled next.

Anadarko is the operator with a paying interest in the well of roughly 43%. Co-owners are BPRL Ventures Mozambique BV (11.75%), Cove Energy Mozambique Rovuma Offshore Ltd. (10%), Mitsui E&P Mozambique Area 1 Ltd. (23.5%) and Videocon Mozambique Rovuma 1 Ltd. (11.75%). Empresa Nacional de Hidrocarbonetos, ep's 15% interest was carried through the exploration phase.