Anadarko New Zealand Deep Sea Drilling

"Anadarko recognizes the opportunity to operate in New Zealand as a privilege, and we are dedicated to protecting the natural beauty of New Zealand. We believe operating safely and in a responsible manner is paramount as we aim to form a long-term partnership with the nation that will benefit New Zealand for years to come. "

Anadarko New Zealand Company

"Anadarko has been actively engaged in New Zealand since 2008. We have established an office in Wellington and advanced exploratory programmes in both deepwater Taranaki and the Canterbury Basins where we expect to test 2-3 exploratory prospects in late-2013/14."

In December 2012, the New Zealand Government announced the awarding of two additional adjoining petroleum exploration permits to Anadarko in the Pegasus Basin, which is located Southeast of the Wairarapa. The next step here is to continue the extensive science work and desktop and geological surveys to gain a clear picture of the environment and the rock formations that exist thousands of feet below the seabed. All of the science requires a significant investment of time, and any testing of identified prospects would only occur years down the road, pending the results of our analysis.

While there is still a lot of exploration work and analysis to be done, we are optimistic about the potential our activities present for New Zealand’s future.

Among Anadarko’s core values is servant leadership, defined as placing the success of others above our own. This describes our approach to the sustainability of our operations. We look to extend success beyond our commercial interests, to our human interests, and we look forward to delivering real gains for New Zealand’s economy. Leader in Deepwater Exploration

Anadarko is recognized worldwide for its leading deepwater exploration, production and project-management expertise. Leveraging leading-edge technology, Anadarko ranks in the top five for number of wells drilled in water depths greater than 1,500 meters and is the second most active driller in water depths greater than 2,300 meters over the last 10 years, according to IHS Energy. The company has been recognized on a number of occasions with technology awards from the Offshore Technology Conference (OTC) for achievements that include the world's first classic spar, truss spar and cell spar, as well as the world's deepest and largest natural gas processing facility at Independence Hub.

Anadarko History

Anadarko,[3][4] historically a subsidiary of Panhandle Eastern Corporation (which existed from 1928 to 1993; Panhandle Eastern has since been acquired by Southern Union Company), was formed in 1959 after the discovery of large amounts of natural gas in the Anadarko Basin (the basin comprises the Texas and Oklahoma panhandles, and southwest Kansas), thus the company's name. Anadarko spun off from Panhandle Eastern as an independent corporation in 1986 and now has activities in more than a dozen countries.[1] Deepwater Horizon Oil spill involvement

Anadarko had 25 percent working interest in the Macondo Prospect, which was operated by BP and its finances were affected by the Deepwater Horizon oil spill.[5]

BP has billed Anadarko more than $272 million for its share of cleanup and response costs in the Gulf, according to a bill that was sent by BP and obtained by TPMMuckraker. Anadarko publicly suggested that it will not pay for costs associated with the oil disaster, claiming in a statement that BP was guilty of gross negligence or willful misconduct. Under the joint operating agreement, Anadarko must pay its portion of costs related to any incident—unless that incident was caused by its partner's gross negligence or willful misconduct.[6]

In what was seen as possibly a precursor to Anadarko's own course, in May 2011 MOEX Offshore agreed to pay US$1.07 billion to settle BP claims against it over the accident. MOEX owned a 10% stake in the well through a subsidiary and in turn itself was majority-owned by Mitsui & Co. Some analysts had thought BP would realize a larger settlement from MOEX but there was also relief to have a first step toward resolving the multiple claims.[7] In October, 2011, Anadarko did in fact follow MOEX and agreed to settle with BP for $4 billion.[1] BP agreed to "forgo reimbursement for future costs related to the incident and will indemnify Anadarko for damage claims arising under the U.S. Oil Pollution Act, among other costs. And Anadarko will transfer its 25% stake in Mississippi Canyon Block 252 (Macondo) to BP."[8]

Activity

The Company’s international oil and natural-gas production and development operations are located primarily in Algeria, Ghana, and China. The Company also has exploration acreage in Ghana, Mozambique, Brazil, Liberia, Sierra Leone, Kenya, Côte d'Ivoire, New Zealand, Indonesia, and other countries.[1]

Anadarko’s operations in the United States include oil and natural-gas exploration and production onshore in the Lower 48 states, onshore Alaska, and the deepwater Gulf of Mexico. The company has major holdings in the Wattenberg Gas Field of Colorado, USA.[9] The Company’s operations in the United States accounted for 87% of total sales volumes during 2011 and 90% of total proved reserves at year-end 2011.[1]

In addition to exploration and production, the Company engages in the gathering, processing, and treating of natural gas, and the transporting of natural gas, crude oil, and NGLs. The Company also participates in the hard minerals business through its ownership of non-operated joint ventures and royalty arrangements.[1]

Headquarters

Anadarko Petroleum Corporation is headquartered in the Anadarko Tower in The Woodlands, Texas. On February 11, 1999 Anadarko announced that it would purchase a 7.5-acre (30,000 m2) tract in The Woodlands, Montgomery County from the Woodlands Land Company. There Anadarko planned to build an 800,000-square-foot (74,000 m2), 32-story headquarters building. Anadarko opened the headquarters in mid-2002.[10]

On January 17, 2012, Swamplot and the Houston Chronicle both reported that Anadarko will be erecting a brand new tower just west of the existing tower. The new building will stand 1 floor taller than the existing tower, which is 30 stories. The new building is expected to be completed in 2014 and when finished, will surpass the existing building in height becoming the tallest building between Houston and Dallas.[citation needed] During a Summer of 2013 "Topping Off" Ceremony Anadarko Tower was renamed Allison Tower for Robert Allison, Jr., longtime President & CEO of Anadarko Petroleum Corporation. The new tower is dedicated to James Hackett, another former Anadarko Petroleum CEO, and deemed Hackett Tower.

The company previously occupied the 17001 Northchase Drive in the Greenspoint district and in Houston.[11] The tower, which was previously known as the Anadarko Tower, was built in a two-year period and completed in December 1992.[12]

In what was seen as possibly a precursor to Anadarko's own course, in May 2011 MOEX Offshore agreed to pay US$1.07 billion to settle BP claims against it over the accident. MOEX owned a 10% stake in the well through a subsidiary and in turn itself was majority-owned by Mitsui & Co. Some analysts had thought BP would realize a larger settlement from MOEX but there was also relief to have a first step toward resolving the multiple claims.[7] In October, 2011, Anadarko did in fact follow MOEX and agreed to settle with BP for $4 billion.[1] BP agreed to "forgo reimbursement for future costs related to the incident and will indemnify Anadarko for damage claims arising under the U.S. Oil Pollution Act, among other costs. And Anadarko will transfer its 25% stake in Mississippi Canyon Block 252 (Macondo) to BP."[8]

"Anadarko recognizes the opportunity to operate in New Zealand as a privilege, and we are dedicated to protecting the natural beauty of New Zealand. We believe operating safely and in a responsible manner is paramount as we aim to form a long-term partnership with the nation that will benefit New Zealand for years to come.

In December 2012, the New Zealand Government announced the awarding of two additional adjoining petroleum exploration permits to Anadarko in the Pegasus Basin, which is located Southeast of the Wairarapa. The next step here is to continue the extensive science work and desktop and geological surveys to gain a clear picture of the environment and the rock formations that exist thousands of feet below the seabed. All of the science requires a significant investment of time, and any testing of identified prospects would only occur years down the road, pending the results of our analysis. While there is still a lot of exploration work and analysis to be done, we are optimistic about the potential our activities present for New Zealand’s future. Among Anadarko’s core values is servant leadership, defined as placing the success of others above our own. This describes our approach to the sustainability of our operations. We look to extend success beyond our commercial interests, to our human interests, and we look forward to delivering real gains for New Zealand’s economy.

Leader in Deepwater Exploration

Anadarko is recognized worldwide for its leading deepwater exploration, production and project-management expertise. Leveraging leading-edge technology, Anadarko ranks in the top five for number of wells drilled in water depths greater than 1,500 meters and is the second most active driller in water depths greater than 2,300 meters over the last 10 years, according to IHS Energy. The company has been recognized on a number of occasions with technology awards from the Offshore Technology Conference (OTC) for achievements that include the world's first classic spar, truss spar and cell spar, as well as the world's deepest and largest natural gas processing facility at Independence Hub. Conducting operations with the utmost care for safety and the protection of New Zealand’s unique environment is essential. In New Zealand, Anadarko has worked to engage stakeholders to gain a clear understanding of the environmental and cultural considerations of the areas and communities. Consistent with its approach to all international opportunities, the company creates a balanced plan to protect the locations in which it operates and applies the strictest of standards: the individual country’s regulations, our own policies and principles or international standards. Read more about Anadarko's commitment to safety and the environment on the New Zealand: Environment, Health and Safety page of our website. "