Anadarko Makes Mozambique Oil Discovery
Tuesday, August 17, 2010	Printer Friendly Version
Anadarko Petroleum, the second-largest U.S. independent oil and natural gas producer, announced the first major discovery of oil off the coast of the East African nation Mozambique. Anadarko's Ironclad well encountered about 125 feet (38 meters) of sands saturated with crude and natural gas, according to Bloomberg News. Texas-based Anadarko (APC) said the find probably will not be commercially developed. The company has been active in Mozambique and announced a major natural gas discovery there earlier this year. Ironclad was drilled to a total depth of about 17,400 feet in 3,418 feet of water and is located about 70 miles south of Anadarko's Windjammer gas discovery, which was announced in February, Bloomberg reported. The oil discovery is believed to be the first documented deepwater oil find off Mozambique's coast. Anadarko said it hopes the Ironclad discovery will provide the company with more data about the potential for additional oil finds in the region. London-based Cove Energy Plc is Anadarko's partner on the project.