Anadarko to sell deepwater Genghis Khan
GOM discovery bought by Shenzi partners for $1.35 billion ó Hess Corp., BHP Billiton, Repsol; proceeds for debt reduction
For Petroleum News
Anadarko Petroleum, which already has sold prize deepwater Gulf of Mexico properties to help pay down a hefty acquisition debt, has agreed to sell its Genghis Khan discovery for $1.35 billion to Hess Corp., Australiaís BHP Billiton and Spainís Repsol YPF, owners of the adjacent Shenzi field.
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Genghis Khan discovered in 2005
First oil expected in mid-2007
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