VOL. XLV

No 23

10-June-2002

QATAR

Anadarko ToPurchase BPs Interests In Blocks 12 And 13

Houston-basedAnadarko Petroleum announced on 5 June that it had agreed to purchase all ofBPs interests in offshore Blocks 12 (including al-Rayyanoilfield where production is running at 12,000 b/d) and 13. Anadarko will alsotake over operatorship of the exploration andproduction-sharing contracts in the two blocks. The company says that with thispurchase it will raise its planned 2002 investment in Qatar from...