Anadarko strikes offshore Côte d’Ivoire
Côte d’Ivoire Bolette Dolphin
Oil was struck with the Paon 5A well, Anadarko’s first-ever horizontal offshore well, drilled using Dolphin Drilling’s Bolette Dolphin drillship in 2,200 m of water. In 2012, the same Upper Cretaceous layer also yielded another 30.5-m payzone as did two subsequent follow-up wells. Block CI-103 is held by Anadarko on a 65% stake with partners Mitsubishi (20%) and Côte d’Ivoire’s Petroci (15%).
While Anadarko’s loss had narrowed from the USD 3.26 billion recorded over the first quarter of 2015, shares were nonetheless down almost 3% to USD 50.50 in the hours after the announcement. Early on Tuesday, the stock had rebounded to USD 51.91.
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