Bloomberg News

Anadarko to Move Deep-Water Rig From Ghana, Transocean Says

October 17, 2011

(Adds new location for rig in first paragraph.)

Oct. 17 (Bloomberg) -- Anadarko Petroleum Corp., part-owner of one of the biggest-ever African oil discoveries, plans to relocate an offshore rig from Ghana to drill off the coast of Mozambique.

The $576,000 a day that Anadarko is paying to lease the Deepwater Millennium rig may be affected by the change of locale, owner Transocean said in a monthly fleet-status report published today on its website. John Christiansen, a spokesman for The Woodlands, Texas-based Anadarko, identified Mozambique as the destination during a telephone interview today.

Anadarko has the Deepwater Millennium under lease through July 2013, according to Transocean’s fleet report. The 12-year- old vessel can operate in seas 10,000 feet (3,048 meters) deep and is capable of drilling 30,000 feet below the sea surface.

Anadarko owns a stake in the Jubilee field off the coast of Ghana, a field the company estimates holds the equivalent of 1.5 billion barrels of crude. Other offshore Ghana discoveries in which Anadarko is a partner include Enyenra and Tweneboa.

Transocean, based in Vernier, Switzerland, is the world’s largest operator of offshore drilling rigs.

--Editors: Charles Siler, Jasmina Kelemen

To contact the reporter on this story: Joe Carroll in Chicago at jcarroll8@bloomberg.net

To contact the editor responsible for this story: Susan Warren at susanwarren@bloomberg.net


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