Anadarko (APC) Gets $419M Payment from Sale of Interest in Peregrino Field

Anadarko Petroleum Corporation (NYSE: APC) has received approximately $419 million from Statoil Brasil leo e Gas Ltda. to satisfy the contingent payment feature associated with the 2008 divestiture of Anadarko's 50-percent working interest in the Peregrino oil field located in the Campos Basin offshore Brazil. In December 2008, Anadarko closed the sale of its interest in the Peregrino field to Statoil for proceeds of approximately $1.4 billion plus future consideration contingent upon commodity prices.

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