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Anadarko Monetizes $4.0B in 2016; Touts GOM Production Start-Ups
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Anadarko has reported its Q4 2016 results.
2016 Highlights: Surpassed initial sales-volume expectations by 11 million BOE on a same-store-sales basis,while keeping capital investments within initial guidance Closed more than $4.0 billion of monetizations in 2016, with an additional $3.5 billion of announced divestitures, which are expected to close in the first quarter of 2017 Achieved operating milestones including production records at Lucius, Caesar/Tonga and in the Delaware and DJ basins, as well as first oil at Heidelberg and TEN Closed the immediately accretive Freeport-McMoRan deepwater Gulf of Mexico acquisition Increased the expected five-year compounded annual oil growth rate to 12 to 14 percent In 2016, Anadarko reduced its capital investments by approximately 50…- ✓ Full news archive — U.S., Canada & international coverage
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