Anadarko, StatoilHydro to explore blocks off Brazil

Anadarko Petroleum Corp., in partnership with StatoilHydro AS, has won two offshore blocks under Brazil's ninth licensing round.

Nov. 27, 2007

Uchenna Izundu
International Editor

LONDON, Nov. 27 -- Anadarko Petroleum Corp., in partnership with StatoilHydro AS, has won two offshore blocks under Brazil's ninth licensing round. The blocks, CM529 and CM530, lie in 100 m of water.

The blocks lie in the Campos basin adjacent to Peregrino heavy oil field, in which StatoilHydro already holds a 50% interest. Production from Peregrino field should start in 2010.

Contact Uchenna Izundu at [email protected].