Anadarko Receives $419 Million Additional Payment Associated With 2008 Sale of Peregrino Oil Field

Anadarko Petroleum Corporation

today announced it has received approximately $419 million from Statoil Brasil Óleo e Gás Ltda. to satisfy the contingent payment feature associated with the 2008 divestiture of Anadarko's 50-percent working interest in the Peregrino oil field located in the Campos Basin offshore Brazil. In December 2008, Anadarko closed the sale of its interest in the Peregrino field to Statoil for proceeds of approximately $1.4 billion plus future consideration contingent upon commodity prices.