Anadarko continues momentum in the Lower Tertiary with Phobos discovery
On 25 April 2013, Anadarko announced a discovery at its Phobos prospect, encountering 76 metres of net oil pay in Lower Tertiary aged sands in the deepwater Gulf of Mexico. Our base case valuation for Phobos is US$600 million.
Table of contents
Phobos discovery opens the Sigsbee Escarpment protraction area
Anadarko successful in third Lower Tertiary probe of 2013
Proximity to Lucius project provides convenient development scenario
A diversity of players surround the Phobos discovery