Anadarko could spend $200 million on Peruvian deepwater project

The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) could spend as much as $200 million to explore and develop 4.7 million acres in the Trujillo Basin in offshore Peru.

The company signed three license agreements with the Peruvian government to explore across three deepwater blocks in the region, for which the company expects to invest at least $5 million in the first two years of exploration, according to a filing with the U.S. Securities and Exchange Commission.

If all goes well and the…

Original published: 2017-10-13 14:47:58 Read the full Houston News here


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