2009-08-19-2007-06-01

Production: 6 MBO/d

A subsidiary of Occidental Petroleum Corp., Los Angeles, (NYSE: OXY) plans to acquire Anadarko Qatar Energy Co. LLC from Anadarko Petroleum Corp., Houston, (NYSE: APC) for US$350 million. Anadarko Qatar holds a 92.5% interest in blocks 12 and 13 in Qatar. Block 12 includes the Al Rayyan Field, representing all of Anadarko's production operations in Qatar and is operated by Anadarko Qatar. Net production is approximately 6,000 barrels of oil per day. Anadarko will retain its exploration interests in Qatar in blocks 4 and 11. Tristone Capital Inc. is transaction advisor for Anadarko.