Anadarko Petroleum

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Type Public Limited Company
Traded as NYSE: APC
Founded 1959[1]
Headquarters Texas (US)[1]
Key People Mr. James T. Hackett (Chairman and CEO)[1]
Products Oil and gas exploration and processing.
Website www.anadarko.com

Company Profile

Anadarko Petroleum Corporation engages in upstream, midstream and marketing activities, primarily in the US, the Gulf of Mexico and Algeria. It explores for and produces natural gas, crude oil condensate and natural gas liquids. It also processes, treats and transports oil, gas and condensates. As of the end of 2010 the company had proven reserves of 2.4 billion barrels of oil equivalent (boe). Overseas it had operations in Brazil, China, Ghana, Indonesia, Mozambique, Sierra Leone, Cote d'Ivoire, Liberia, New Zealand and Kenya.[1]

In 2010 international business accounted for 11% of the company's total sales volumes and 25% of its 2011 oil and gas budget was allocated to international exploration and production.[2]

Official Accreditations and Global Perceptions

EITI

As of February 2012 Andarko Petroleum was not an Extractive Industries Transparency Initiative (EITI) supporting company.[3]

UN Global Compact

As of February 2012 Anadarko was not a participant in the UN Global Compact.

CSR Review

  • Anadarko incorporates Best Management Practices (BMPs) that reduce greenhouse gas (GHG) emissions into their operations, including leak detection surveying and inefficient pipe replacement and replacement of older and less efficient compressors.
  • Through the 'Junior Achievement' program company representatives volunteer to teach the basic principles of business and free enterprise at local schools, and through the 'Habitat for Humanity' program the company supports efforts to build homes for deserving families.
  • According to the company website, "a safety-first culture is the way of life" at the company and in 2009 they were finalists for the Department of the Interior’s Minerals Management Service Safety Awards for Excellence (MMS SAFE Awards).[4]

External Coverage

  • Anadarko hit the headlines in the aftermath of the Deepwater Horizon disaster in the Gulf of Mexico, where the company was a well partner with BP. After a long dispute with BP over compensation, Anadarko agreed to pay $4 billion to settle claims related to the spill. In addition, Anadarko was to transfer its stake in the well back to BP.[5]

Global Operations by Country

Ghana

Main article: Anadarko Petroleum Operations in Ghana

Kenya

Main article: Anadarko Petroleum Operations in Kenya

References

  1. 1.0 1.1 1.2 1.3 Anadarko Petroleum Corp" Bloomberg, retrieved 14 February 2011
  2. Anadarko highlights Ghana operations" Ghana Business and Finance, retrieved 14 February 2011
  3. Ghana" EITI, retrieved 14 February 2011
  4. Corporate Responsibility" Anadarko, retrieved 14 February 2011
  5. Ending Dispute, Well Partner Settles With BP for $4 Billion" NY Times, 17 October 2011

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