Anadarko focusing overseas for double-digit growth atop strong North American foundation

Anadarko Petroleum Corp., Houston, the world's largest independent exploration and production company, isn't shy about venturing overseas to boost its 2 billion boe reserve base. The company claims a No. 1 ranking for upstream independents both in terms of reserves and market capitalization. Click here to enlarge imageAnadarko is active in 13 countries outside North America, including Tunisia, Egypt, Venezuela, and Australia. And it recently announced plans to return to Algeria, where it will hold a 50% stake in an amended production-sharing agreement with state-owned Sonatrach (OGJ Online, Mar. 26, 2001). Mimicking the majors, the company will increase capital spending for an am...

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