Anadarko, Devon report oil find off Brazil's coast

12/17/2009 | Google

Anadarko Petroleum and Devon Energy announced they struck oil in an exploratory well off Brazil's waters. The prospect was drilled to about 16,300 feet and found at least 90 feet of net oil pay, the companies said. Devon holds a 40% stake in the project, while Anadarko and SK Energy control the rest of the shares.

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