Offshore staff

HOUSTON -- Anadarko Petroleum Corp. plans to divest 100% of its interest in Anadarko Qatar Energy Co. LLC and Anadarko Resources Co, known collectively as Anadarko Qatar.

Anadarko Qatar holds 92.5% interest in blocks 12 (Al Rayyan field) and 13 offshore Qatar. The company will sell all of its interest to a subsidiary of Occidental Petroleum Corp. for $350 million.

Anadarko Qatar operates block 12, which represents all of the company's production in Qatar.

The company's net production from Qatar is approximately 6,000 b/d of oil from the Al Rayyan field.

5/21/2007