Exploration & Production

Anadarko losing patience in Colombia

Colombia’s gas-rich deepwater blocks appear to be struggling to compete for a spot in Anadarko’s portfolio Colombia’s gas-rich deepwater blocks appear to be struggling to compete for a spot in Anadarko’s portfolio.
By The Wildcat 3 May 2018 0 30710
Anadarko exploring in the Gulf of Mexico Anadarko exploring in the Gulf of Mexico. (Anadarko)

There were ominous signs this week for Colombia’s efforts to replenish its dwindling gas reserves and boost output. Houston-based deepwater giant Anadarko Petroleum –which operates the country’s most prospective gas fields – appears to be losing patience in offshore Colombia. 

Anadarko said in an SEC filing on 1 May that its overall exploration and production spending increased during Q1 2018, but that this was offset by lower exploration costs of $138 million “primarily related to decreased exploration drilling in the Gulf of Mexico...