Anadarko planning Tonga subsea tieback

Offshore staff

HOUSTON -- Anadarko plans to accelerate development of its Tonga (Green Canyon block 727) discovery, potentially as a subsea tieback to its 100% owned Constitution floating production facility. The company is currently drilling an offset to the well.

Anadarko recently agreed to a transaction with Chevron involving the swap of interest in certain properties in return for a 12.5% working interest in seven deepwater blocks including Tonga. The company now holds a 37.5% stake in the field.

11/3/06