Area Drilling

AlgeriaA group led by Anadarko Petroleum Corp. will resume exploration in east-central Algeria under an amended production sharing agreement with state-owned Sonatrach. The agreement concerns blocks 404, 208, and 211.Under terms of the three-phase exploration program, Anadarko and its partners will spend at least $55 million. During the first 5 years they will acquire and process 400 sq km of 3D seismic and 1,100 km of 2D seismic, reprocess existing seismic data, and drill six exploration wells.Seismic acquisition is to start this year and exploration drilling probably next year. If options for years 6-7 are exercised, an additional well will be drilled each year.Anadarko Algeria Corp. is...

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