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You submitted the following rating and review. We'll publish them on our site once we've reviewed them. Continue shopping. Item s unavailable for purchase. Please review your cart. Based on the successful drilling program to date, the partnership and the government are currently discussing additional appraisal drilling activity for , which would include a drillstem test. The Morue prospect in Block CI was drilled and encountered a small accumulation of oil in the well-developed sands in the targeted interval, and was plugged and abandoned as non-commercial.
The Saumon prospect was drilled in Block CI during The well reached total depth and did not find hydrocarbons. The well was plugged and abandoned. An exploration well is currently planned to test a large four-way structure at the Mlima prospect in Block LB during The Anadarko-operated Iroko and Timbo wells both encountered non-commercial quantities of oil in their primary targets and were plugged and abandoned. Post-well evaluation is underway to determine the remaining prospectivity of the block.
Anadarko completed a farm down prior to drilling, which covered a majority of the drilling costs for these two wells. The Caravel prospect reached its total-depth objective in the Canterbury basin block and was plugged and abandoned, having encountered natural gas shows and high-quality reservoir in the primary objective. A seismic acquisition is planned during on the block.
War Zone (Remix)
Estimates of proved reserves volumes owned at year end, net of third-party royalty interests, are presented in billions of cubic feet Bcf , at a pressure base of For this computation, one barrel is the equivalent of 6, cubic feet of natural gas. Shrinkage associated with NGLs has been deducted from the natural-gas reserves volumes. Proved reserves are estimated based on the average beginning-of-month prices during the month period for the respective year. Disclosures by geographic area include the United States and International.
The Company sold its Chinese subsidiary during Summary of Proved Reserves. Oil and. Total proved.
Anadarko is focused on growth and profitability, and reserves replacement is a key to growth. Future profitability partially depends on commodity prices and the cost of finding and developing oil and gas reserves. Reserves growth can be achieved through successful exploration and development drilling, improved recovery, or acquisition of producing properties.
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Reserves additions and revisions. Discoveries and extensions. Infill-drilling additions 1. Drilling-related reserves additions and revisions. Other non-price-related revisions 1. Net organic reserves additions. Acquisition of proved reserves in place. Price-related revisions 1. Total reserves additions and revisions. Sales in place. December Proved Developed Reserves. Reserves bookings related to infill drilling additions are treated as positive revisions.
Other non-price-related revisions in are driven by a reduction of MMBOE in the Wattenberg area primarily associated with the optimization of horizontal drilling locations and the discontinuation of vertical well workover plans. Annually, Anadarko reports gross proved reserves for U. Department of Energy. These reported reserves are derived from the same database used to estimate and report proved reserves in this Form K.
Revisions of prior estimates. Extensions, discoveries, and other additions. Conversion to developed. Development activity in the U. The remaining PUD conversions were associated with development projects in various Gulf of Mexico fields. Typically, U. The remaining pre- PUDs are associated with the El Merk development project and are being developed according to an Algerian government-approved plan.
Anadarko and its partners achieved initial oil production in and the El Merk facility reached maximum allowable oil production rates in when all the fields were brought online and the facility became fully operational. Data used in these integrated assessments included information obtained directly from the subsurface through wellbores, such as well logs, reservoir core samples, fluid samples, static and dynamic pressure information, production test data, and surveillance and performance information.
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The data used also included subsurface information obtained through indirect measurements such as seismic data. The tools used to interpret the data included proprietary and commercially available seismic processing software and commercially available reservoir modeling and simulation software.
Reservoir parameters from analogous reservoirs were used to increase the quality of and confidence in the reserves estimates when available. The method or combination of methods used to estimate the reserves of each reservoir was based on the unique circumstances of each reservoir and the dataset available at the time of the estimate. The QREs interact with engineering, land, and geoscience personnel to obtain the necessary data for projecting future production, net cash flows, and ultimate recoverable reserves. His further professional qualifications include a degree in petroleum engineering, extensive internal and external reserves training, and asset evaluation and management.
In addition, he is an active participant in industry reserves seminars and professional industry groups. The purpose of the review was to determine if the procedures and methods used by Anadarko to estimate its proved reserves are effective and in accordance with the definitions contained in SEC regulations. The data presented included pertinent seismic information, geologic maps, well logs, production tests, material balance calculations, reservoir simulation models, well performance data, operating procedures, and relevant economic criteria.
Sales Volumes. Average Sales Prices 1. Costs 2. Per BOE. Barrels of. Per Bbl. Greater Natural Buttes. Other United States.