Anadarko Plans to Drill Six Exploration Wells in Brazil in 2007-08

US oil company Anadarko (NYSE: APC) plans to drill six exploration wells on its Brazilian exploration blocks in 2007-08, a company official told BNamericas in an email.

The company plans to acquire 3D seismic data and drill one well in 2007 southwest of the existing Peregrino field it is developing with Norsk Hydro (NYSE: NHY) in the Campos basin.

Anadarko could drill a second well in 2007 on one of the three exploration blocks in the Espirito Santo basin.

Anadarko in 2008 plans to drill another two wells in the Campos basin and two in Espirito Santo.

Anadarko assumed control of US oil company Kerr McGee's (NYSE: KMG) Brazilian exploration acreage after acquiring control in 2006.

In addition to the 50% working interest in the BM-C-7 block where Peregrino is located, Anadarko has interests in three other blocks in Campos and three in Espirito Santo, according to data from national hydrocarbons regulator ANP.

Norsk Hydro has the other 50% of BM-C-7 and the Peregrino field. The partners have submitted to ANP the field's development plan and have agreed to lease a 100,000b/d floating production, storage and offloading vessel to operate on the field from 2010.

The drilling campaign is dependent on rig availability, the company said.

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