second-quarter 2013 |operations report | · pdf file | nyse: apc anadarko 4 second-quarter...

1

2Q Highlights ....................................................... 2

Overview............................................................... 3

Rockies................................................................. 4

Southern & Appalachia....................................... 6

Gulf of Mexico...................................................... 8

International & Frontier.....................................11

Deepwater Rig Schedule ..................................14

SECOND-QUARTER 2013 | OPERATIONS REPORT | JULY 29, 2013

www.anadarko.com | NYSE: APC ANADA RKO PETROLEU M C ORPORATION

www.anadarko.com | NYSE: APC ANADARK O 2

SECOND-QUARTER 2013

ADVANCING MULTIPLE OIL MEGA PROJECTSThe company made significant progress on several large, international and deepwater oil projects. In Algeria, the first oil train at El Merk continued to increase production throughout the quarter, and the second oil train is being commissioned. El Merk remains on schedule to ramp toward a net rate of approximately 30,000 Bbl/d (barrels per day) around the end of the 2013.

In the Gulf of Mexico, the 80,000 BOPD (barrels of oil per day) Lucius spar was transported from Finland and first production remains on schedule for the 2nd half of 2014. In addition, the Heidelberg project was sanctioned during the quarter, with first oil expected in 2016.

In West Africa, the government of Ghana approved the Plan of Development for the TEN (Tweneboa, Enyenra and Ntomme) project, located approximately 19 miles

west of the Jubilee field. The TEN development will utilize an 80,000 BOPD FPSO (floating production storage and offloading facility).

ENCOURAGING WOLFCAMP RESULTSAnadarko completed its first two Wolfcamp shale wells in the Delaware Basin of West Texas during the 2nd

quarter. The two wells recorded initial, 24-hour test rates of approximately 1,600 BOE/d and 1,000 BOE/d respectively. Based on these results, Anadarko will redirect additional capital to appraise the prospectivity of this emerging play across its 600,000 gross acres in the basin.

FOCUSED ON EFFICIENCIES AND COSTAnadarko continued to improve drilling cycle times across its portfolio. Anadarko reduced the average spud-to-rig-release from 9.5 days in the 1st quarter of 2013

to 8.1 days during the 2nd quarter, while drilling multiple wells in fewer than 5 days. In the Wattenberg field, Anadarko reduced average spud-to-rig-release cycle times from 10.8 days to 10.0 days compared to the 1st

quarter of 2013. Average spud-to-rig-release cycle times in the Marcellus shale also improved from 16.5 days to 15.5 days during the quarter.

CONTINUED DEEPWATER EXPLORATION SUCCESSAnadarko continued to deliver differentiating deepwater results with five successful exploration wells during the quarter. In the Gulf of Mexico, the company made oil discoveries at Raptor, Yucatan and Phobos. Internationally,Anadarko made significant natural gas discoveries at Espadarte and Orca offshore Mozambique. The companyalso had a successful appraisal well at Coronado during the 2nd quarter. These wells contributed to Anadarko’s impressive year-to-date exploration and appraisal success rate of approximately 70%.

SECOND-QUARTER HIGHLIGHTS

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. While Anadarko believes that its expectations are based on reasonable assumptions as and when made, no assurance can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results, or other expectations expressed in this presentation, including Anadarko’s ability to meet financial and operating guidance, achieve its production targets, successfully manage its capital expenditures, timely complete and com-mercially operate the projects and drilling prospects identified in this presentation, successfully plan, secure necessary government approvals, finance, build, and operate the necessary infrastructure and LNG park, and achieve its pro-duction and budget expectations on its mega projects. Other factors that could impact any forward-looking statements are described in “Risk Factors” in the company’s 2012 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and other public filings and press releases. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Anadarko undertakes no obligation to publicly update or revise any forward-looking statements.

MIDSTREAM EXPANSION ENABLES FUTURE GROWTH

Significant midstream construction is under way across Anadarko’s U.S. onshore portfolio. In the 1st quarter, the company completed the 100 MMcf/d (million cubic feet per day) Bone Spring plant in the Permian basin. During the 2nd quarter, Anadarko completed its 200 MMcf/d Brasada natural gas processing plant in the Eagleford shale. Construction continues in the Wattenberg field at the 300 MMcf/d Lancaster plant, where Western Gas Partners, LP (WES) recently announced an additional 300 MMcf/d expansion plant that is expected to come on line in the 1st quarter of 2015. Anadarko is also investing in both the Front Range Express and Texas Express NGL pipelines to gain access to firm fractionation capacity contracted at Mont Belvieu. Both pipelines are expected to be completed by late 2013. Lastly, crude oil takeaway capacity is being expanded through the looping of the 70,000 BOPD White Cliffs pipeline to Cushing, Oklahoma, along with the construction of a new crude oil rail-loading terminal.


SECOND-QUARTER 2013

SALES VOLUMESSecond-quarter sales volumes were in line with the midpoint of quarterly guidance at 68.3 million barrels of oil equivalent (BOE) or more than 750,000 BOE per day (BOE/d). This was achieved without the expected benefit of a tanker lifting in Algeria, which is now anticipated in the 3rd quarter. The company had liquids sales volumes of 309,000 barrels per day, about 73% of which were oil. Anadarko is increasing its full-year 2013 sales volumes guidance again to a range of 281 to 287 million BOE, from the previous range of 279 to 287 million BOE.

CAPITAL SPENDING Capital investments during the 2nd quarter were within the guidance range at approximately $1.7 billion, excluding capital investments associated with WES. Capital expenditure expectations for the full-year 2013 remain within the range of $7.2 to $7.6 billion, excluding WES capital spending.

OVERVIEW

CAPITAL INVESTMENTS

2Q13$MM

Rockies 533

Southern & Appalachia 383

Lower 48 916

Alaska 25

Gulf of Mexico 251

Total U.S. 1,192

International 333

Midstream* 230

Capitalized Items/Other 111

*Includes WES capital investments of $138 million

Total Company* 1,866

SALES VOLUMES

2Q13Oil

MBbl/d

2Q13NGLs

MBbl/d

2Q13Gas

MMcf/d

2Q12Oil

MBbl/d

2Q12NGLs

MBbl/d

2Q12Gas

MMcf/d

Rockies* 62 36 1,292 48 42 1,365

Southern & Appalachia* 35 41 1,075 29 26 822

Lower 48 97 77 2,367 77 68 2,187

Alaska 12 0 0 14 0 0

Gulf of Mexico 46 6 280 65 9 357

Total U.S. 155 83 2,647 156 77 2,544

International 71 0 0 85 0 0

Total Company 226 83 2,647 241 77 2,544

*Reflects impact of ethane rejection

2Q13

MMBOE

28.5

23.2

51.7

1.1

9.0

61.8

6.5

68.3

2Q12

MMBOE

28.9

17.5

46.4

1.3

12.1

59.8

7.7

67.5


SECOND-QUARTER 2013

CAPITAL INVESTMENTS

AVERAGERIG ACTIVITY

2Q13

$MM

2Q13

Operated

1Q13

Operated

Greater Natural Buttes 94 5 4

Wattenberg 323 12 11

Pinedale / Jonah 11 0 0

Wamsutter 23 1 1

Powder River Basin 6 1 1

EOR 51 0 0

Other 25 1 0

Total 533 20 17

SALES VOLUMES*

2Q13Oil

MBbl/d

2Q13NGLs

MBbl/d

2Q13Gas

MMcf/d

2Q12Oil

MBbl/d

2Q12NGLs

MBbl/d

2Q12Gas

MMcf/d

Greater Natural Buttes 3 9 456 3 13 440

Wattenberg 42 18 274 30 13 251

Pinedale / Jonah 1 3 88 1 4 97

Wamsutter 1 3 89 2 9 103

Powder River Basin 2 0 270 1 0 377

EOR 12 0 1 9 0 1

Other 1 3 114 2 3 96

Total 62 36 1,292 48 42 1,365

*Reflects impact of ethane rejection

ROCKIES

Anadarko’s Rockies assets delivered sales volumes of approximately 312,900 BOE/d during the 2nd quarter. Due to the price environment during the quarter, the company made the economic decision to reject ethane. This reduced NGL sales volumes by more than 18,000 BOE/d, offset by 4,400 BOE/d of increased natural gas sales volumes. The company averaged 20 operated rigs during the quarter and drilled a total of 167 wells.


SECOND-QUARTER 2013

WATTENBERG:� The Wattenberg field averaged 106,100 BOE/net sales

volumes during the quarter. The company operated 12horizontal rigs during the quarter and drilled a total of 83 horizontal wells.

� Anadarko continued to see outstanding performance from its operated horizontal program, increasing almost 7,000 BOE/d during the quarter to an average rate of

approximately 52,000 BOE/d. This represents a 16% increase over the prior quarter and a more than tripled from the 2nd quarter of 2012.

� As expected, the strong growth from the horizontal program led to increased line pressure, whichtemporarily shut-in more than 1,300 low-rate gas wells during the quarter. Line pressure is expected to improve in the 3rd quarter when 140 MMcf/d of additional processing capacity is expected to come on line.

� Anadarko continues to make significant investments in midstream infrastructure to enable future growth.Construction is under way at the Lancaster cryogenic plant, Front Range NGL pipeline and Texas Express NGL pipeline, which are all expected to be completed by late 2013. Crude oil export capacity also is being expanded with the addition of an oil rail terminal and the looping of the White Cliffs pipeline. Lastly, the 300 MMcf/d Lancaster II cryogenic plant expansion was announced by WES during the quarter.

POWDER RIVER OIL:� Anadarko continued to successfully test multiple oil

objectives across the company’s approximate 350,000 net-acre position in the Powder River Basin, including the Parkman, Shannon, Niobrara and Fron-tier/Turner formations. The company is currently producing from 14 operated wells, with additional drilling planned for the 2nd half of 2013.

GREATER NATURAL BUTTES:� Net sales volumes averaged approximately 526 million

cubic feet equivalent per day (MMcfe/d) for the quarter, and the field continues to be in ethane rejection.

� Anadarko operated 5 rigs and drilled 67 wells during the quarter.

ROCKIES


SECOND-QUARTER 2013

During the 2nd quarter, sales volumes in the Southern & Appalachia region were approximately 255,000 BOE/d, an 8% increase over the 1st quarter of 2013 and a33% increase over the 2nd quarter of 2012.

CAPITAL INVESTMENTS

AVERAGERIG ACTIVITY

2Q13

$MM

2Q13

Operated

1Q13

Operated

Permian 114 5 5

Marcellus 91 4 4

Eagleford 35 9 8

Bossier 4 0 0

East Texas/Haynesville 94 7 7

Hugoton 2 0 0

Ozona 0 0 0

Chalk 38 2 1

Other 5 0 0

Total 383 27 25

SALES VOLUMES

2Q13Oil

MBbl/d

2Q13NGLs

MBbl/d

2Q13Gas

MMcf/d

2Q12Oil

MBbl/d

2Q12NGLs

MBbl/d

2Q12Gas

MMcf/d

Permian 7 2 38 8 2 46

Marcellus 0 0 511 0 0 314

Eagleford 18 14 97 12 8 61

Bossier 0 0 84 0 0 96

East Texas/Haynesville 3 16 224 1 8 158

Hugoton 0 2 39 0 2 41

Ozona 0 3 25 0 3 27

Chalk 6 4 27 7 5 34

Other 1 0 30 1 (2) 45

Total 35 41 1,075 29 26 822

SOUTHERN & APPALACHIA


SECOND-QUARTER 2013

EAGLEFORD:� Anadarko’s net sales volumes for the quarter averaged

approximately 48,000 BOE/d, an increase of 13% from the 1st quarter of 2013 and an increase of 61% relative to the 2nd quarter of 2012. Total liquids sales volumes averaged almost 32,000 Bbl/d, representing a 62% increase in liquids sales volumes over the 2nd quarter of 2012.

� The company operated an average of 9 rigs and spud 96 wells during the quarter and expects to drill a total of approximately 325 wells in 2013. Anadarko reduced its average spud-to-rig-release from 9.5 days in the 1st quarter of 2013 to 8.1 days during the 2nd quarter, while drilling multiple wells in fewer than 5 days.

� The 200 MMcf/d Brasada natural gas processing plant was completed during the quarter, and the facility was brought on line in June. The facility is capable of recovering up to 30,000 Bbl/d of NGLs. Additional compression capacity is planned to be added to the field during the 3rd quarter.

EAST TEXAS/HAYNESVILLE:� The company’s net sales volumes for the quarter

were nearly 56,000 BOE/d, an increase of 54% relative to the 2nd quarter of 2012. Total liquids

PERMIAN:� Anadarko’s average net sales volumes for the quarter

were approximately 16,000 BOE/d. The company exited the quarter with 5 operated rigs and plans to increase activity during the 3rd quarter.

� During the quarter, Anadarko completed its first two Wolfcamp shale wells with encouraging results. The wells, located in Ward and Loving Counties, recorded 24-hour test rates of approximately 1,600 BOE/d and 1,000 BOE/d respectively. The company is in the process of appraising the prospectivity of the Wolfcamp shale across its 600,000 gross-acre position in the Delaware Basin.

MARCELLUS:� Anadarko’s net sales volumes for the quarter averaged

511 MMcf/d, an increase of 63% over the 2nd quarter of 2012. Gross operated and non-operated production exceeded 2 billion cubic feet of natural gas per day (Bcf/d).

� During the quarter, the company spud 13 wells using 4 operated rigs and participated in 11non-operated wells. Spud-to-rig-release cycle times in the Marcellus shale also improved during the quarter, from 16.5 days to 15.5 days.

� Anadarko is utilizing on-site water flowback filtration and recycling to minimize water usage and to reduce water-hauling and disposal costs. The company has also decreased automation and pad-facility costs through supply-chain management, saving up to $300,000 per pad site.

SOUTHERN & APPALACHIA


SECOND-QUARTER 2013GULF OF MEXICO

During the 2nd quarter, the Gulf of Mexico region reported average sales volumes of approximately 100,000 BOE/d, which included scheduled downtime for maintenance and well work across the region. Anadarko’s exploration success continued with discoveries at Raptor,Yucatan, Phobos and a successful sidetrack appraisal

well at Coronado during the quarter. The company also had significant development activity during the quarter, including the sanction of the Heidelberg project and development drilling at Lucius, Constitution, Ticonderoga and Marco Polo.

SALES VOLUMES*

2Q13Oil

MBbl/d

2Q13NGLs

MBbl/d

2Q13Gas

MMcf/d

2Q12Oil

MBbl/d

2Q12NGLs

MBbl/d

2Q12Gas

MMcf/d

Total 46 6 280 65 9 357

*Includes the impact of weather-related downtime


SECOND-QUARTER 2013

DEVELOPMENT

LUCIUS:

Keathley Canyon 874/875/918/919 (APC WI 27.8%)� During the quarter, the KC919-6 well in the Lucius

field encountered approximately 600 net feet of oil pay in the Pliocene with all sands full to base. The Miocene sands were not targeted in this well, as they will be produced in an offset well. Additionally, completion activities at the KC875-3 development well are expected to begin during the 3rd quarter. First production remains on schedule for the 2nd

half of 2014.

� The Lucius spar fabrication is complete, and the hull was successfully delivered to Gulf of Mexico during

the 2nd quarter. The topsides facilities, which are being constructed in Ingleside, Texas, are 64% complete.

HEIDELBERG:

Green Canyon 859/860/903/904/948 (APC WI 31.5%)� On April 8, Anadarko closed the previously announced

carried-interest agreement with Marubeni Oil and Gas, USA. Anadarko transferred a 12.75% WI in theHeidelberg project in exchange for a carry on nearly all of Anadarko’s expected future development capital, up to $860 million. This transaction values Anadarko’scurrent 31.5% working interest at more than $2.1 billion.

� During the 2nd quarter, the partnership fully sanctioned

the Heidelberg project, and fabrication of both the hull and topside are under way. The 80,000 BOPD Lucius look-a-like facility is approximately 20% complete and expected to be on line in 2016.

CAESAR/TONGA:

Green Canyon 683/726/727/770 (APC WI 33.75%)� Mechanical issues occurred during the completion

of the GC727-2 well and the company is sidetrackingaround the obstruction. As a result, first production from the well was delayed from early in the 3rd

quarter of 2013 until year end. A planned workover was also deferred as a result of the sidetrack.

CONSTITUTION/TICONDEROGA:

Green Canyon 679/680 (APC WI 100%)� At Constitution, a platform rig successfully

sidetracked and completed an infield development well, which is expected to be brought on line in the 3rd quarter.

Green Canyon 768 (APC WI 50%)� Drilling and completion operations are ongoing at

Ticonderoga GC768-4. The well will be tied back to the Constitution spar and is expected to be producing by the end of 3rd quarter.

MARCO POLO:

Green Canyon 608 (APC WI 100%)� At Marco Polo, Anadarko successfully sidetracked

and completed two infield development wells. One well was brought on line during the 2nd quarter, and the second well is expected to begin producing in the 3rd quarter.

INDEPENDENCE HUB:� Independence Hub averaged 256 MMcf/d of gross

production (203 MMcf/d net) during the 2nd quarter.

GULF OF MEXICO

Lucius spar being transported to the Gulf of Mexico


SECOND-QUARTER 2013

EXPLORATION / APPRAISAL

RAPTOR:

DeSoto Canyon 535 (APC WI 50%)� A discovery was made at Anadarko’s Raptor prospect

in Desoto Canyon block 535. The well was drilled to a total depth of 22,135 feet in approximately 8,200 feet of water and encountered approximately 150 net feet of high-quality oil pay. Anadarko is evaluating results of the initial well and a subsequent sidetrack.

YUCATAN:

Walker Ridge 95 (APC WI 15%)� During the quarter, the Yucatan exploration well

encountered more than 120 net feet of high-quality oil pay in Lower Tertiary-aged reservoirs. The well was drilled more than three miles south and syncline

separated from the Anadarko-operated Shenandoah-2 discovery. The Yucatan well was drilled to a total depth of 32,250 feet in approximately 5,800 feet of water. Additional appraisal drilling is anticipated in 2014.

PHOBOS:

Sigsbee Escarpment 39 (APC WI 30%)� The previously announced Phobos-1 discovery well

encountered approximately 250 net feet of high-quality oil pay in Lower Tertiary-aged reservoirs. The discovery is located approximately 11 miles south of Anadarko’s Lucius development. Additional appraisal drilling is anticipated in 2014.

CORONADO:

Walker Ridge 98 (APC WI 15%)� During the 2nd quarter, the operator completed a

sidetrack of the Coronado-1 discovery well to define the down-dip extent of the accumulation. The previously announced Coronado-1 well found 400 net feet of high-quality, oil pay in Lower Tertiary reservoirs. Additional appraisal activity is anticipated in late 2013.

GULF OF MEXICO


SECOND-QUARTER 2013INTERNATIONAL & FRONTIER

Anadarko made significant progress in advancing three international mega projects during the quarter. At the El Merk project in Algeria, production from the first oil train continued to increase, and the second oil train is being commissioned. In Ghana, the government approved the Plan of Development for the TEN complex. In Mozambique, Anadarko continued to advance the Plan of Development for its Prosperidade field. Also during the quarter, the company made significant natural gas discoveries at Orca and Espadarte, just west of the Prosperidade field.

SALES VOLUMES CAPITAL INVESTMENTS

2Q13Oil

MBbl/d

2Q12Oil

MBbl/d

2Q13

$MM

Alaska 12 14 25

Algeria* 43 59 30

Brazil 0 0 46

China* 9 17 15

Ghana/W. Africa* 19 9 81

Mozambique 0 0 100

Other 0 0 61

Total 83 99 358

*Quarterly sales volumes are influenced by size, timing and scheduling of tanker liftings.

Jubilee FPSO, Ghana


SECOND-QUARTER 2013

DEVELOPMENT

ALASKA:� Gross production from the Colville River Unit averaged

approximately 64,100 BOPD during the 2nd quarter.

ALGERIA:� In Algeria, gross production for the quarter averaged

approximately 298,000 BOPD. During the quarter, Anadarko achieved a milestone of 1.7 billion barrels cumulative gross production from the Hassi Berkine South (HBNS) and Ourhoud facilities.

� At El Merk, the first oil train continued to increase production throughout the quarter, and the second oil train is being commissioned. El Merk remains on schedule to ramp toward a net rate of approximately 30,000 Bbl/d around the end of the 2013.

CHINA:� Gross production for the quarter was approximately

32,300 BOPD. The field is expected to average 32,000 to 35,000 BOPD for the remainder of 2013 as 9 new wells are brought on line from the current drilling campaign.

GHANA:� During the 2nd quarter, Jubilee field gross production

averaged approximately 106,000 BOPD. The operatoris working to expand the gas handling capacity at the production facility to allow for increased oil pro-duction, which is expected in late 2013.

� Also during the 2nd quarter, the Plan of Developmentfor the TEN (Tweneboa, Enyenra and Ntomme) project received full approval from the Ghanaian Ministry for Energy. The operator is progressing the final contracts, which are expected to be awarded in the 3rd

quarter. The project will utilize an 80,000 BOPD FPSO, with first oil expected in 2016.

MOZAMBIQUE:

Offshore Area 1 (APC WI 36.5%, operator)� Anadarko and Eni, operators of Offshore Areas 1 and

4 respectively, are progressing the Plan of Development for the Prosperidade field, which is expected to be submitted to the government by the end of 2013.

INTERNATIONAL & FRONTIER


SECOND-QUARTER 2013

EXPLORATION

MOZAMBIQUE:

Offshore Area 1 (APC WI 36.5%, operator)� The Espadarte-1 exploration well targeted an exploration

play in the Miocene and the up-dip extent of Oligocene-aged reservoirs found at the Golfinho/Atum fields. The well encountered approximately 50 net feet of natural gas pay in Miocene reservoirs

and 230 net feet of natural gas pay in Oligocene reservoirs. Pressure data indicate the Oligocene sands are in static communication with the Golfinho/Atum reservoirs, confirming this as a northwest extension of the field. Additional appraisal wells are now planned to fully evaluate the northern and up-dip extent of the Golfinho/Atum Field.

� Subsequent to quarter close, the Atum-3 well encountered approximately 230 net feet of natural gas pay and established gas-water contact for the greater Golfinho field. This down-dip, appraisal well confirmed both separation from the Prosperidade field and that the accumulation lies entirely within Offshore Area 1.

� Anadarko drilled a discovery at the Orca prospect during the quarter. The well encountered approximately 190 net feet of natural gas pay in a single Paleocene sand reservoir. Additional appraisal wells are planned for later in 2013.

� The Linguado prospect in northern Offshore Area 1reached total depth during the quarter and was plugged and abandoned. The well encountered thick, well-developed sands in the Miocene target, which were water-bearing.

KENYA:

Blocks L-5,L-7,L-11A,L-11B,L-12 (APC WI 45%, operator)� Drilling continues in Anadarko’s offshore Kenya Block

L-11B at the Kiboko prospect. Currently, the well is drilling toward planned total depth. The well will test multiple Cretaceous sands in the outboard portion of the Lamu Basin.

CÔTE D’IVOIRE:

Block CI-103 (APC WI 65%)� The Calao exploration well encountered a thin gas

condensate pay section that was determined to be non-commercial after a sidetrack well was drilled. The next well to be drilled on the block will be an appraisal to the Paon discovery, which is planned for the 4th quarter of 2013.

BRAZIL:

Block BM-C-30 (APC WI 30%, operator), BM-C-32 (APC WI 33%)� Anadarko is currently drilling the Wahoo-5 appraisal

well at BM-C-30. The operator of BM-C-32 is currently drilling the Itaipu-3 appraisal well and unitization discussions are ongoing.

SOUTH AFRICA:

Blocks 5/6, 7 (APC WI 80%, operator)� A 6,000 kilometer 2D seismic program and high-

resolution bathymetry survey were completed in the 1st quarter. The data are being mapped to better understand the basin geology and formulate a 3D seismic program to be acquired in 2014.

COLOMBIA:

Block COL 2 (APC 100% WI) and Blocks COL 5, Fuerte Norte, Fuerte Sur, Purple Angel, URA 4 (APC 50% WI )� Existing 2D and 3D seismic data are being

reprocessed and the acquisition of ~5,500 square kilometers of new 3D is contracted for the second half of 2013. The existing and new 3D data will be interpreted to develop a multi-well drilling program, scheduled to begin in late 2014.

INTERNATIONAL & FRONTIER


SECOND-QUARTER 2013DEEPWATER RIG SCHEDULE

Deepwater Millennium

� During the quarter, Anadarko entered into a three-year contract with Rowan Companies, plc., for the Rowan Resolute at an effective day rate approximately $607,000, including mobilization fees. The drillship is expected to be delivered at the end of the 2nd quarter of 2014 and to operate in the U.S. Gulf of Mexico, starting in the late 3rd quarter 2014.

second-quarter 2013 |operations report | · pdf file | nyse: apc anadarko 4 second-quarter...

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