Tuesday, May 3, 2011

Anadarko reported 15-percent quarter-over-quarter increase in daily liquids volumes; On-track with the company’s five-year target of growing sales volumes at a CAGR of 7%- 9%!!

During Q1 2011, Anadarko reported sales volumes totaled 62 mmboe, or 690,000 boepd, averaging approximately 2.4 billion cubic feet of natural gas per day, 212,000 barrels of oil per day, and 76,000 barrels of natural gas liquids per day. This record performance was highlighted by the rapid growth of shale plays and first lifting from the Jubilee field offshore Ghana. Recently, the company closed the $1.6 billion Eagle Ford JV with KNOC.
Source: Derrick Petroleum E&P Transactions Database

Operations Report:
In the company’s shale plays, average sales volumes in the Eagleford and Marcellus areas increased by about 30 percent and 82 percent, respectively, over the fourth quarter of 2010. Production also continued to ramp up at the Jubilee mega project offshore Ghana, which at the end of the 1st quarter, was producing almost 70,000 boepd gross from five wells.
At the Caesar/Tonga development in the Gulf of Mexico, Anadarko successfully completed and tested two wells at more than 15,000 BOPD and initiated completion activities on the third well. In addition, the development team is simultaneously progressing two riser solutions with first oil expected in 2012.
In Algeria, the El Merk mega project is progressing and is approximately 75% complete and remains on schedule for full facility completion around year-end 2012.


Exploration Report:
Source: Derrick Petroleum Planned Exploration Wells Database

Anadarko announced three deepwater discoveries during the first quarter of 2011. The Teak-1 and Teak-2 discoveries, located in the West Cape Three Points Block offshore Ghana, encountered high-quality oil, condensate and natural gas. In Mozambique, the company announced the Tubarão discovery, marking its fourth operated natural gas discovery in the Offshore Area 1 of the Rovuma Basin. 
In the Deepwater Tano Block offshore Ghana, the company and its partners announced successful appraisal wells at Enyenra-2A, Tweneboa-3 and Tweneboa-3ST. Subsequent to quarter end, the operator also announced the successful Tweneboa-4 appraisal well. Additional appraisal activity is ongoing in the Tweneboa/Enyenra complex as the partnership continues to work toward a declaration of commerciality, which is expected later this year.
Try this free document search tool

No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...