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Click here for a PDF map of the Phobos discovery
HOUSTON, April 25, 2013 – Anadarko Petroleum Corporation (NYSE: APC) today announced
its Phobos-1 well in the deepwater Gulf of Mexico encountered approximately 250 net feet of
high-quality oil pay in Lower Tertiary-aged reservoirs.
“Our 2013 Gulf of Mexico exploration program is off to an outstanding start, as Phobos
marks our third significant deepwater success this year,” Anadarko Sr. Vice President
International and Deepwater Exploration Bob Daniels said. “Phobos is our first well in the
previously untested Sigsbee Escarpment area of the Gulf of Mexico and successfully tested a
significant four-way structure in the Lower Tertiary. Phobos’ close proximity to our Lucius
project is expected to further enhance the economics of this potential future development.”
The Phobos discovery, located in Sigsbee Escarpment block 39, was drilled to a total
depth of 28,675 feet in approximately 8,500 feet of water, approximately 11 miles south of
Anadarko’s Lucius discovery, which is under development. Anadarko currently is incorporating
the data from the Phobos well to determine future activities.
Anadarko is the operator of the Phobos discovery with a 30-percent working interest.
Other co-owners in Phobos are Plains Exploration & Production Company (NYSE: PXP) with a
50-percent working interest and Exxon Mobil Corporation (NYSE: XOM) with a 20-percent
A map of the Phobos discovery in the deepwater Gulf of Mexico will be available under the
“Media Center/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 2012, the company had approximately
2.56 billion barrels-equivalent of proved reserves, making it one of the world’s largest
independent exploration and production companies. For more information about Anadarko and
APC Flash Feed updates, 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 ability to
successfully drill, complete, test and produce the wells and prospects identified in this news release. See “Risk
Factors” in the company’s 2012 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 forwardlooking
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