Source Pravda.Ru

Anadarko Petroleum revises its production guidance

Anadarko Petroleum Corp. on Tuesday raised its full-year 2008 production guidance and its capital budget.

The Houston-based company said it is increasing the midpoint of its full-year production guidance by 2 million barrels of oil equivalent (BOE) as recent divestitures have allowed the company to raise its exploration budget.

The company said its board approved an expansion of the company's 2008 capital budget by about $400 million. Anadarko now expects 2008 capital expenditures, including expensed exploration, of $4.9 billion to $5.1 billion.

Anadarko expects 2008 production volumes of 207 million to 212 million BOE, up from its previous forecast of 205 million to 210 million BOE.

Anadarko Petroleum Corporation is one of the world’s largest independent oil and gas exploration and production companies, with 2.37 billion barrels of oil equivalent (BOE) of proved reserves and a production of 190 million BOE in 2004. Ranked No. 345 on the "Fortune 500" list that year, the company has assets worth $20 billion, and employs a worldwide workforce of about 3,400.

Anadarko is involved in both upstream and downstream activities. In aggregating gas from the well head to the market, Anadarko’s range of services includes gathering, compression, treating and dehydration, and processing. Its market services include field area supply, market area supply, transportation optimization, and storage management.

Comments
Argentina hides the truth about the death of San Juan submarine
Russia's Prokopchuk loses Interpol election
Russia's Prokopchuk loses Interpol election
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Unemployment in Russia hits record high of 15 percent
Third Rome and geopolitics of Orthodox schism
Putin wants Russian army rearmed almost completely by 2021
Japan ratifies agreement to supply weapons and ammo to warring states
Argentina hides the truth about the death of San Juan submarine
Argentina hides the truth about the death of San Juan submarine
Putin and Erdogan launch first section of TurkStream pipeline in Istanbul
Why Trump tries to re-industrialize America
Why Trump tries to re-industrialize America
Unemployment in Russia hits record high of 15 percent
Kuril Islands dispute between Russia and Japan: The impossible is impossible
Russia to ban capture of killer whales and belugas in 2019
North Korea destroys security points in demilitarised zone
Russia to ban capture of killer whales and belugas in 2019
Third Rome and geopolitics of Orthodox schism
Five years after Maidan revolution, Ukraine remains one of Europe's most corrupt states
The Amazon and the New Conquistadores