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 News Releases - Anadarko



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HOUSTON, TX, Mar 16, 2012 (MARKETWIRE via COMTEX) --Anadarko Petroleum Corporation (NYSE: APC) today announced the Enyenra-4A appraisal well, located in the Deepwater Tano Block offshore the Republic of Ghana, encountered approximately 105 feet (32 meters) of net oil pay in high-quality sandstone reservoirs, expanding the areal extent of the TEN (Tweneboa, Enyenra and Ntomme) complex.

"With the success of the Enyenra-4A well, we've extended this high-quality oil accumulation more than 13 miles (21 kilometers) from north to south, indicating approximately 2,000 feet (610 meters) of continuous oil column," said Anadarko Sr. Vice President, Worldwide Exploration, Bob Daniels. "We've seen strong evidence of static communication among the wells in the field and plan to continue working to affirm connectivity, while advancing this future mega project toward a Plan of Development and sanctioning."

The Enyenra-4A well is located approximately 4 miles (7 kilometers) southwest of the Enyenra-2A and almost 13 miles (21 kilometers) south of the Enyenra-3A well, which defines the northern end of the Enyenra field. The well was drilled to a depth of approximately 13,694 feet (4,174 meters) in approximately 6,158 feet (1,878 meters) of water. Once operations are complete, the partnership plans to suspend the well and return the drillship, at a later date, to perform a drillstem test at Ntomme-2A.

Anadarko has an 18-percent working interest in the Deepwater Tano Block. Partners in the block include Tullow Oil plc (49.95-percent working interest and operator), Kosmos Energy (18-percent working interest), Sabre (4.05-percent working interest) and the Ghana National Petroleum Corporation (10-percent carried interest).

A map of the successful Enyenra-4A appraisal well, TEN complex and Deepwater Tano Block will be available under the Anadarko News tab at www.anadarko.com.

Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2011, the company had approximately 2.54 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko, please visit www.anadarko.com.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including Anadarko's (or its partners') ability to successfully drill the prospects identified in this release and, as appropriate, construct and operate any related production facilities. See "Risk Factors" in the company's 2011 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other public filings and press releases. Anadarko undertakes no obligation to publicly update or revise any forward-looking statements.

Attachment Available: http://www2.marketwire.com/mw/frame_mw?attachid=1919759

ANADARKO CONTACTS

MEDIA:
John Christiansen
john.christiansen@anadarko.com
832.636.8736

Brian Cain
brian.cain@anadarko.com
832.636.3404

Christina Ramirez
christina.ramirez@anadarko.com
832.636.8687

INVESTORS:
John Colglazier
john.colglazier@anadarko.com
832.636.2306

Clay Gaspar
clay.gaspar@anadarko.com
832.636.2541

Wayne Rodrigs
wayne.rodrigs@anadarko.com
832.636.2305

SOURCE: Anadarko Petroleum Corporation

SOURCE: Anadarko Petroleum Corporation



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