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.
3 May 2018
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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...
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