Deepwater Exploration 

Anadarko's expertise and focused pursuit of large exploration targets in the Gulf of Mexico have made us one of the industry's safest and most successful deepwater explorers. Anadarko has discovered more than 30 fields in the deepwater Gulf of Mexico. 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. Discoveries in the Green Canyon area are evidence of this value-generating combination. The proximity of exploration successes at the Caesar and Tonga West prospects to our 100-percent-owned Constitution production platform is enabling us to develop and produce these resources more cost effectively. In addition, the discovery of the Lucius field in the Keathley Canyon area of the Gulf led to a unitization agreement (operated by Anadarko) with several other large producers in the area. This unitization and subsequent production-handling agreement is expected to make Lucius one of the company's most economically efficient projects. Anadarko expects to sanction the project in 2011.

Deepwater Program

• Focus on 100+ MMBOE resource targets
• Over 100 opportunities in lower/middle Miocene
  and Lower Tertiary plays
• Targeting working interest of 25-50 percent