No. 12



Anadarko To Spend $3.5Bn And Raise Production To 515,000 B/D By 2005

Anadarko Petroleum Corporation of the US will spend $3.5bn to raise total production from its fields in Algeria to at least 515,000 b/d by 2005, according to Mark Pease, the companys VP Algeria. Speaking at the North Africa Oil & Gas Summit in London on 22 February, Mr Pease said that the company plans to drill 250 development wells and that the production increase will come largely...