Gulf Of Mexico's Superior Geology Translates Into Profitable Projects By Al Pickett Special Correspondent According to Danny Brown, Anadarko Petroleum Corporation's senior vice president of international and deepwater operations, in addition to its oil-producing international assets and ongoing exploration program, the company has a "3D" focus that consists of the deepwater Gulf of Mexico, the Delaware Basin in West Texas and the Denver-Julesburg Basin in Colorado. Anadarko announced in August that it had acquired Freeport-McMoRan's deepwater assets, which Brown claims offer a tremendous opportunity for not only its Gulf operations, but the entire corporate portfolio. "We were able to pick up these assets for 1.5 times next year's cash flow," Brown enthuses. "We are uniquely positioned in the Gulf and very comfortable operating there. It is a way for us to bolt on to our existing blocks, and offers us a fantastic growth opportunity." He says the Freeport-McMoRan acquisition will bring Anadarko an expected $3 billion in cash flow during the next five years, and much of that revenue will be pushed back into developing the company's onshore properties in the Delaware and DJ basins. FEBRUARY FEBRUARY 2017 2017 35