Anadarko Relinquishes Some New Zealand Oil, Natural-Gas Acreage

Anadarko Petroleum Corp. (APC) cut its holdings in oil and natural-gas drilling acreage off the coast of New Zealand.

The changes were made based on a timing agreement with the New Zealand government, Brian Cain, a company spokesman, said in an e-mail today. Anadarko had 11 million gross acres offshore New Zealand, according to a slide presentation for a Credit Suisse conference today. That was less than the 16 million gross acres shown in a December presentation slide.

To contact the reporter on this story: Edward Klump in Houston at eklump@bloomberg.net

To contact the editor responsible for this story: Jessica Resnick-Ault at jresnickault@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.