
Will we test that 800 ...
Anadarko Petroleum Corp., which last week announced two discoveries in 5,000-foot seas, plans to continue searching the Gulf of Mexico for prospects that contain at least 100 million barrels of crude. At current prices, such a find would be worth about $4 billion.
Anadarko, based in The Woodlands, Texas, can make a 10 percent profit on deepwater fields when oil is $30 a barrel, Chief Executive James Hackett said during a Feb. 3 conference call with investors and analysts.
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