Third gas strike for Anadarko off Mozambique

Anadarko Petroleum has scored its third large gas discovery offshore Mozambique this year.

Offshore staff

HOUSTON -- Anadarko Petroleum has scored its third large gas discovery offshore Mozambique this year.

The latest well, in the Lagosta prospect, was drilled by theBelford Dolphin in Offshore Area 1 of the Rovuma basin. It intersected over 550 net ft (167 m) of gas pay in multiple Oligocene and Eocene sands.

The location is 16 mi (25.7 km) south of the Barquentine discovery and 14 mi (22 km) southeast of the Windjammer find.

Bob Daniels, Anadarko Sr. VP, Worldwide Exploration, said: "The Lagosta discovery continues to validate our geophysical models, and we expect to keep the Belford Dolphin drillship in the basin for the foreseeable future to continue a very active exploration and appraisal program, including at least one planned drillstem test in 2011.

"Although additional appraisal drilling will be required, we believe the three discoveries announced to date already exceed the resource size threshold necessary to support an LNG (liquefied natural gas) development, and we have assigned an integrated project team to begin advancing commercialization options.”

The Lagosta well currently is at a depth of 13,850 ft (4,221 m) in water depths of around 5,080 ft (1,548 m). The partners plan to deepen the well to a TD of 15,900 ft (4,846 m) to evaluate a deeper zone.

Once operations are completed, the rig is set to be mobilized 17.5 mi (28 km) to the southwest to drill the Tubarao exploration well, also in Offshore Area 1.

11/29/2010

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