Anadarko has new discoveries in the hottest and most prospective trends in the deepwater Gulf of Mexico. Our expertise and focused pursuit of high-impact exploration targets in the Gulf have made us one of the industry's most successful explorers. Anadarko has discovered 31 fields in the deepwater Gulf of Mexico, including five significant discoveries in 2009, and a success rate of better than 50 percent for the year. About 90 percent of our current leads and prospects in the Gulf of Mexico are located in the Miocene and Lower Tertiary plays.
Anadarko's exploration success and hub-and-spoke infrastructure combine to create differentiating value in the deepwater Gulf of Mexico.
Recent discoveries in the Green Canyon area are evidence of this value-generating combination. The proximity of recent exploration successes at the Caesar and Tonga West prospects to our 100-percent-owned Constitution production platform is expected to enable us to develop these resources quickly at a cost savings of approximately $1 billion.
View Anadarko's most recent quarterly operations report and investor presentations for more on the company's exploration activities in the deepwater Gulf of Mexico.
Deepwater Program