Anadarko Petroleum Reports New Discovery

Corporation APC today announced a light oil discovery at the Akasa-1 exploration well on the West Cape Three Points Block offshore the Republic of Ghana. The well encountered 108 net feet of primarily high-quality, oil-bearing pay from four main Turonian-aged sand packages, similar to those found in the Jubilee and Mahogany East areas. Samples recovered from the Akasa-1 well indicate oil of approximately 38 degrees API gravity.