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OCCIDENTAL OF ALGERIA LLC

United Kingdom, London
Description
The sands of the Sahara have been kind to Anadarko Algeria. The company, a wholly owned subsidiary of Anadarko Petroleum, and the largest foreign oil producer in Algeria, has production facilities and other operating units located in the Algerian Sahara Desert. Anadarko Algeria accounts for 13% of its parent's total revenues (that company's largest source of revenues outside of the US). The company works closely with state-owned Sonatrach in a Production Sharing Agreement on two blocks, under which Sonatrach is responsible for 51% of the development and production costs, Anadarko 24.5%. All of Anadarko Algeria's production to date comes from Block 404 and Block 208.
Company is likely to sell
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