Anadarko Petroleum Corp. (APC) said Wednesday its three mega projects continue to progress on schedule, with its giant Jubilee oilfield in Ghana expected to start production by year end.
Anadarko Petroleum Corp. (APC) said Wednesday its three mega projects
continue to progress on schedule, with its giant Jubilee oilfield in
Ghana
expected to start production by year end.
Speaking to analysts in a conference call, Anadarko Chief Executive Jim Hackett
said production at the Caesar-Tonga project in the
Gulf
of Mexico
is expected to achieve first production by the
middle of 2011.
"We're hopeful to receive the necessary permits to perform completions on
our three wells later this year, Hackett said.
In
Algeria
, the
El Merck project is about 50% completed and first production is scheduled
around the end of 2011, Hackett said.
Houston-based Anadarko expects these three projects to add in total about
60,000 barrels of oil equivalent per day by 2012.
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