Anadarko.com is A global oil exploration and processing company.

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Anadarko Petroleum Corporation

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phone: +1 832 636 1000,Fax: +1 832 636 5340

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Anadarko Petroleum Corporation

Anadarko Petroleum Corporation is one of the largest oil and gas exploration and production companies of the world. The total reserve of the company is more than with 3.01 billion barrels of oil equivalent (BOE). The company has its major operations in the United States, the deepwater of the Gulf of Mexico and Algeria. In addition to this, the company also has production in China, Venezuela and Qatar. Anadarko also has a development project in Brazil apart from a range of exploration programs in several other countries. The company is involved in marketing natural gas, oil and natural gas liquids. Anadarko owns and operates gas-gathering and processing systems apart from the business of hard minerals business. The company has acquired Kerr-McGee Corporation and Western Gas Resources, Inc in the year 2006.

History

Anadarko Petroleum Corporation was formed in the year 1959 after a large amount of natural gas was discovered in Anadarko basin. Eventually, the corporation expanded its activities to more than a dozen countries apart from its main operations in the United States, Canada and Algeria. Till 1993, the company remained a subsidiary of Panhandle Eastern Corporation. In 1993, Southern Union Company acquired the corporation. On September 14th, 2006 the company sold its Canadian assets, Anadarko Canada Corp., to Canadian Natural Resources Ltd for $4.24 billion. Soon after this in the same year, Anadarko acquired Kerr-McGee Corporation and Western Gas Resources for $23.3 billion.

Products and Services

The main activities of the company include aggregating and marketing gas. The aggregation involves gathering, compression, treating and dehydration and processing. The market services of the company involve field area supply, market area supply, transportation optimization, and storage management. Apart from oil and natural gas, the company also has a separate unit that manages its minerals business. The company holds rights over 7.5 million acre of fee mineral locations in Colorado, Wyoming, and Utah. These areas are noted for their significant resources of coal, trona, limestone, titanium, zeolite, oil shale, and diamonds. The Kerr-McGee Corporation merged with the company in the year 2006, which is involved in the exploration and production of oil and gas resources.

Profile

Anadarko Petroleum Corporation is listed in the New York stock exchange with the ticker symbol APC. The annual revenue of the company is over $6.06 billions. Being one among the leading independent oil and gas exploration and production companies of the world, the corporation has a reported reserve of 1.5 billion barrels of crude oil and 10.5 trillion cu. ft. of natural gas. The company has a production of more than 200 million barrels of oil equivalent in a year. The assets of the company are worth more than $20 billion. With an employee workforce of 3,400, the company has ventured beyond its original area of operation. The company is involved in exploration, development, and production of oil, natural gas and natural gas liquids worldwide. In addition to this, the company also does coal, trona, and mineral mining.

The company has made certain most important technical advances in 3-D seismic imaging, drilling and completion technology, and reservoir management. Since information is the most crucial and important aspect in oil and natural gas business, the company has developed one of the best state of the art visualization technologies. In collaboration with Mechdyne Corporation, Anadarko Petroleum Corporation has installed eight visualization laboratories in its headquarters complex at The Woodlands, Texas, a suburb of Houston. The technology used in this process is called Image Delivery for Enhanced Awareness, which allows the company to maximize its sophisticated modeling tools for a better evaluation of drilling prospects and choosing the best investment options.

Official Website

The official website of the company is Anadarko.com. The site gives a fair idea of its various operations, business profile and a list of press releases. To know more about the company, its history and its activities, the sites listed under references and additional readings can be consulted.