Lloyd Ridge's first test possible in Anadarko's 2003 gulf program

Anadarko Petroleum Corp. plans a busy year in the Gulf of Mexico, where it is to drill as many as 10 exploration wells including possibly the first well in the Lloyd Ridge area in the eastern gulf.The Houston operator budgeted $363 million for development, more than double 2002 development spending.The $98 million exploration outlay is far lower than in 2002 but is more heavily focused on drilling.Five of the 10 planned exploration wells are on deepwater acreage, three are subsalt ventures, and two are conventional shelf tests.Anadarko is to spud the first well on the Jubilee prospect in the first quarter. It is to be drilled in 8,825 ft of water.The company holds interests in 17 blocks a...

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