By OGJ editors
HOUSTON, May 21 -- A subsidiary of Occidental Petroleum Corp. has agreed to acquire Anadarko Petroleum Corp.'s interest in Anadarko Qatar Energy Co. LLC and Anadarko Resources Co. for $350 million.
The two units for sale collectively hold a 92.5% interest in Blocks 12 and 13 in Qatar. Block 12 includes Al Rayyan field, which produces about 6,000 b/d of (net) oil.
Anadarko will retain its exploration interests in Blocks 4 and 11 in Qatar.
