Anadarko Strikes Oil at Samurai Prospect in Gulf of Mexico

Anadarko announced a Miocene discovery at the Samurai prospect in the deepwater Gulf of Mexico in Green Canyon block 432.

The discovery well, located approximately 12 miles north of the Marco Polo platform, encountered more than 120 feet of net oil pay in several high-quality sands.” Samurai marks our third discovery in the deepwater Gulf of Mexico this year,” said Bob Daniels, Anadarko Sr. Vice President, Worldwide Exploration. “We are very pleased with the results of this initial well, which is located in close proximity to existing infrastructure, demonstrating the value of our hub-and-spoke approach. We look forward to drilling a sidetrack appraisal well within the next year. The continued success of our worldwide exploration program reinforces our expectations of discovering approximately 350 million BOE (barrels of oil equivalent) of net resources in 2009, which is a 50-percent increase from the expectations we communicated at our investor conference in March of this year.”

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