Anadarko Petroleum News

Argentina Offshore Auction Attracting Oil Producers

International oil firms including Norway's Statoil, U.S. Anadarko Petroleum, China's CNOOC and Malaysia's Petronas have shown interest in Argentina's auction this year of offshore blocks for exploration and production, the country's energy minister said on Wednesday.Argentina, which is still defining the areas to be included in the auction, also wants oil companies currently exploring at its large Vaca Muerta shale field to move from pilot to full development phase after offering incentives to cut costs.Six projects have moved to the production stage in recent months, and the

© xmentoys / Adobe Stock

As US Opens Up Offshore Waters, Eastern GoM Beckons

in concert with enabling military operations, training and testing."   Defense Department spokeswoman Major Carla Gleason said collaboration with Interior on the issue was "a priority."    Major offshore producers such as Exxon Mobil Corp, BP Plc, Anadarko Petroleum Corp and ConocoPhillips declined to comment. Shell welcomed the expanded offshore prospects the Trump administration plans to make available, but has not committed to any new activity, said spokesman Curtis Smith. A Chevron spokeswoman, Veronica Flores-Paniagua, said the

© Mike Mareen / Adobe Stock

Latest Gulf of Mexico Auction Signals Offshore Return

to adapt to low oil prices. Offshore drilling typically requires higher prices for producers to break even.   Royal Dutch Shell claimed the largest number of blocks, with 19 high bids valued at a combined $25.1 million. Chevron Corp followed with 15 high bids totaling $27.9 million. Anadarko Petroleum Corp won 10 blocks for $10.6 million. Exxon Mobil Corp took seven blocks of land for $20.4 million.   Most of the bids were for deep water blocks, at depths of more than 1,600 meters. The auction drew interest from 27 oil companies, with 99 bids on 90 blocks in the Gulf of Mexico, according

BP's Thunder Horse platform in the Gulf of Mexico (File photo: BP)

BP Doubles Down on Deepwater

Mobil Corp, Chevron Corp and Royal Dutch Shell have maintained Gulf operations but focused expansions on U.S. shale. Exxon Mobil doubled its acreage in the Permian in a deal earlier this year.   Freeport-McMoRan and Devon Energy Corp have pulled out of Gulf drilling entirely in recent years. Anadarko Petroleum Corp took a $435-million dollar write-down in May on its Shenandoah project in the Gulf, deciding it could not profit with oil prices hovering at about $50 a barrel.   "In a $50 to $60 world, we always felt like greenfield development, in the Gulf in particular, was fairly challenged

Oceaneering Bags Anadarko Umbilical Contract

Oceaneering International, Inc. said it has secured a contract from Anadarko Petroleum Corporation to supply the umbilical for Anadarko’s Constellation subsea tieback in the U.S. Gulf of Mexico.   The contract is for a dynamic and static electro-hydraulic steel tube control umbilical, and associated hardware. Oceaneering plans to design and manufacture the umbilical at its facility in Panama City, Fla.   The control umbilical for the Constellation project is expected to be used to transmit hydraulic control fluid and chemicals, as well as provide the electrical power and fiber

Offshore Opex Under Pressure

in market analysis, decision analysis, M&A due diligence, commercial analysis, strategy development, market forecasting, technology strategic marketing and benchmarking for the upstream, midstream and oilfield service sectors. Prior to joining Decision Strategies, Meyers was an analyst for Anadarko Petroleum. He holds a BBA in Finance from Texas Tech University and a Master of Business Administration from Duke University.

First Subsea Ballgrab subsea mooring connector allows quicker deepwater moorings (Photo: First Subsea)

First Subsea Completes Heidelberg Spar Mooring

Deepwater mooring specialist, First Subsea Ltd, has completed the installation of subsea mooring connectors for Anadarko Petroleum Corp's Heidelberg truss spar platform moored in 5,310ft (1,620 m) of water in field development in the Gulf of Mexico.   The 23,000-ton spar has been moored by nine Series III Ballgrab ball and taper mooring connectors attached to polyester mooring lines. The connector's male mandrels are manufactured in compliance with American Bureau of Shipping (ABS) 2009 Approval for specialist subsea mooring connectors.     Ball and taper subsea mooring connectors

MatthewsDaniel has safely completed its Marine Warranty Services for Anadarko on the installation of the Heidelberg spar in the Gulf of Mexico. The installation was done utilizing the semi-submersible crane vessel Thialf. (Photo: MatthewsDaniel)

MatthewsDaniel Completes Heidelberg Marine Warranty

monitoring for all critical operations including the lift and set of the spar production topside, living quarters module, stair towers, platform crane, flare boom and cellar deck extension. Located in the Green Canyon Area of the Gulf of Mexico, the Heidelberg joint-venture is led by Anadarko Petroleum Corporation and features a truss-spar design. The spar dimensions are 33.5 m diameter, 184 m length and gross weight of nearly 20,000 tonnes, moored by nine combination chain/polyester mooring legs in 1,600 m water depth.   Installation of the topsides involved transportation to its

Record Low Interest in US GoM Leases

; In Wednesday's sale, five companies submitted 33 bids on 33 tracts covering 190,080 acres (76,923 hectares) in the western region, BOEM said.   Australia's BHP Billiton was the most active with 26 bids. BP made one bid, Colombia's Ecopetrol made four, three of which were made jointly with Anadarko Petroleum, and Houston-based Peregrine Oil and Gas made two.   Last year saw 93 bids on 81 tracts totaling $110 million in high bids. In 2012, when oil prices fluctuated between $100 and $80 a barrel, there were 131 bids on 116 tracts, with high bids hitting $133 million, a BOEM spokesman said

Photo: InterMoor

Rapid Mooring Support in the Gulf of Mexico

Subsea services provider InterMoor Inc. provided Anadarko Petroleum Corporation with rapid hook-up services for its Heidelberg truss spar in the deepwater Gulf of Mexico after stepping in at short notice for another contractor.   The company hooked up the 80,000 bbl/d spar to three mooring lines in Green Canyon block 860, offshore Louisiana, at a water depth of 5,300 ft (1,600 m). The project’s original contractor then resumed the job and completed the remaining six mooring lines along with the completion of the spar installation.   InterMoor initiated the engineering work in March

Photo: BSEE

BSEE Tests GoM Response Equipment

and verified the sound working condition of various response equipment used in the Gulf of Mexico region.   Analysts with BSEE’s Oil Spill Preparedness Division boarded the pollution control vessel Louisiana Responder at Fort Jackson, La. on July 14 to test the response readiness of Anadarko Petroleum Corp. While conducting an equipment verification, the team witnessed the testing of a skimmer and other associated equipment, stored in Buras, La., on the Mississippi River.   Subsequent response equipment stored at Marine Spill Response Corp. in Belle Chasse, La. was also verified,

Exxon Discovers Oil in Guyana Offshore Block

Offshore Oil Company also participating.   Exxon signed an agreement with Guyana to explore the 26,800 square kilometer (10,350 square mile) block, 160 to 320 kilometers (100 to 200 miles) offshore, in 1999.   Guyana in 2013 said Venezuela's navy evicted a ship used by Texas-based Anadarko Petroleum Corp to explore for oil in the offshore Roraima block. Guyana called the incident a security threat and Venezuela described it as a violation of its territory.     (By Neil Marks; Writing by Brian Ellsworth; Editing by Dan Grebler

Ecopetrol

Ecopetrol to Drill 3 Wells After Cutting Budget

will drill three offshore wells this year, two off its Caribbean Coast and a third in the Gulf of Mexico, after slashing its offshore exploration budget to $200 million down from $632 million last year, the company said. The two Caribbean wells, Calasu and Kronos, will be operated by Texas-based Anadarko Petroleum Corp which has an equal sized stake in the projects with Ecopetrol. The U.S. well, Sea Eagle, will be drilled by partner Murphy Oil Corp. In 2014, Ecopetrol discovered hydrocarbons in three out of eight wells it drilled, five of which were in the Gulf of Mexico. Ecopetrol has cut its

Petrobras starts production in Lucius

Petrobras Starts Production in Lucius

production of ultra-deepwater US Gulf of Mexico. This project Contributes to the first production of Petrobras from a Spar platform type, a different technical solution to Those used in the company, but adequate for esta type of reservoir in the Gulf of Mexico. Lucius field is operated by Anadarko Petroleum Corporation and Petrobras is one of seven members, with 11.5% share. The field is located in Keathley Canyon area in the Gulf of Mexico

Photo courtesy of InterMoor

InterMoor Completes Red Hawk Spar Decommissioning Work

InterMoor, an Acteon company, has completed its contract supporting the decommissioning of Anadarko Petroleum Corporation’s Red Hawk spar in the Gulf of Mexico. The Red Hawk spar is the deepest floating production platform to date to be decommissioned in the Gulf of Mexico. It is also the first spar decommissioned in the “Rigs-to-Reefs” program, which required the spar to be laid down on its side on the seafloor. Work was split between the original spar site at Garden Banks, block 876, in the Gulf of Mexico, at a depth of 5,200 ft., and the reefing site at Eugene Island, block

(Source: Google Maps)

Ivory Coast Seeks Deepwater Oil Investors

seek investors in its available offshore oil acreage, including seven new ultra-deep water blocks in the Gulf of Guinea, at a promotional event in Texas next week, a senior oil ministry official said on Tuesday. The West African nation will target companies including Exxon Mobil, Total, Eni, Anadarko Petroleum, Tullow Oil and ConocoPhillips , the ministry's oil director Ibrahima Diaby said. Prime Minister Daniel Kablan Duncan and Oil and Energy Minister Adama Toungara will lead the government delegation at its promotional event in Houston on Oct. 14 and 15. "This oil roadshow in Houston

Derrick Barge 50: Photo courtesy of McDermott

McDermott Awarded Anadarko GoM Contract

McDermott International, Inc. says that one of its subsidiaries has entered into an agreement with Anadarko Petroleum Corporation to provide construction and decommissioning support services employing Derrick Barge 50 (“DB50”) on the Red Hawk project, located in Garden Banks 876. The DB50 will remove mooring lines for the Red Hawk spar and provide accommodation and decommissioning support services. Mobilization is expected during the third quarter 2014. “This project is yet another example of our efforts to improve asset utilization beyond the requirements of our existing

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