When it comes to longer cycle investments in the oil and gas industry, offshore developments come to mind along with their hefty price tags.
But Anadarko Petroleum Corp. is working to buck the trend by building on its winning track record of successfully tying back new discoveries to existing infrastructure, cutting costs and time.
“Anadarko plans to continue leveraging its premier infrastructure position in the Gulf of Mexico [GoM] and drill approximately seven development tiebacks during the year,” Anadarko spokeswoman Stephanie Moreland told SEN in an emailed statement. “At Constellation, the first development well was spud in April, and the subsea facilities contract was recently awarded. First production is expected in 2018, and the well is expected to be tied back to the 100% Anadarko-owned Constitution spar.”
The Woodlands, Texas-based company aims to not only accelerate its subsea tieback opportunities but also speed execution of such projects.