Anadarko/Agip swap buoys African exploration

Where Anadarko, Agip are Exploring Tunisia, Eritrea [79,712 bytes] Units of Anadarko Petroleum Corp. and Agip SpA have agreed to exchange interests in two northern Africa blocks, propelling exploration in hot plays in Tunisia and Eritrea. Under the accord, Anadarko Eritrea Co. will gain 50% of operator Agip SpA's 380,000-acre Jenein Nord Block in Tunisia and transfer to Agip a 30% interest in its 6.7 million acre Zula block in the Red Sea off Eritrea.

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