10 Oct 2017drilling progress report● Neutral
On October 9, 2017, an Anadarko subsidiary signed three exploration license agreements with Peru's government covering 4.7 million acres on three deepwater blocks in the Trujillo Basin offshore Peru. The seven-year exploration phase is split into three periods; in the first (2 years) the company expects to spend about $5 million on reprocessing existing seismic data and taking sea-floor piston cores, with decision points to continue or not afterwards.