Anadarko Petroleum (APC) Announces Discovery Offshore Sierra Leone
Anadarko Petroleum Corporation (NYSE: APC) announced a deepwater discovery at the Venus exploration well in block SL 6/07 offshore Sierra Leone. The Venus B-1 well was drilled to a total depth of approximately 18,500 feet in about 5,900 feet of water and encountered more than 45 net feet of hydrocarbon pay. Venus is the first deepwater test in the Sierra Leone-Liberian Basin.
The Venus prospect is one of Anadarko's more than 30 identified prospects and leads on its West Africa acreage position, which includes interests in almost 8 million acres across 10 blocks offshore Sierra Leone, Liberia, Cote d'Ivoire and Ghana. Anadarko operates seven of the blocks and the majority of the identified prospects with an average working interest of approximately 40 percent.
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