Oxy unit to buy Anadarko's Qatar operations

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.

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.

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