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Published on May 8, 2012
With one of the decade's most significant natural gas discoveries offshore Mozambique, Anadarko recently participated in Mozambique's third annual Mining and Energy Conference (MMEC) in Maputo in late April 2012.
Sr. Vice President, Worldwide Exploration Bob Daniels delivered remarks at the opening ceremony of the conference, where Anadarko was a title sponsor. Daniels spoke about the discoveries, now called the Prosperidade (meaning prosperity) complex, and the partnership's plans to develop these resources in future years.
The Prosperidade complex and Mozambique LNG project has been described as a transformational opportunity for both Mozambique and the partnership of companies working to develop these resources. It is estimated that at full production, this development has the potential to elevate Mozambique to the world's third-largest LNG exporter. _______________________
This video contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this video, including Anadarko's ability to successfully plan, secure necessary governmental approvals, finance, build and operate the necessary infrastructure and LNG plant; produce and market the recoverable resources identified; and drill, develop and operate the drilling prospects identified in this video. See "Risk Factors" in the company's 2011 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other public filings and press releases. Anadarko undertakes no obligation to publicly update or revise any forward-looking statements.
Cautionary Note to U.S. Investors: Effective Jan. 1, 2010, the United States Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves that meet the SEC's definitions for such terms. Anadarko uses certain terms in this news release, such as "recoverable natural gas" and similar terms that the SEC's guidelines strictly prohibit Anadarko from including in filings with the SEC. U.S. investors are urged to consider closely the disclosure in Anadarko's Form 10-K for the year ended Dec. 31, 2011, File No. 001-08968, available from Anadarko at www.anadarko.com or by writing Anadarko at: Anadarko Petroleum Corporation, 1201 Lake Robbins Drive, The Woodlands, Texas 77380, Attn: Investor Relations. This form may also be obtained by contacting the SEC at 1-800-SEC-0330.