ANADARKO PETROLEUM CORPORATIOn
ANADARKO PETROLEUM CORPORATION
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HEIDELBERGHIGHLIGHTS
heidelberg project highlights • JANUARY 2009 Discovery
• APRIL 2012 Successful Appraisal well
• APRIL 2013 signed Carried-Interest Agreement
• May 2013 PROJECT SANCTION
• OCTOBER 2014 SPAR ARRIVES IN THE GULF OF MEXICO
• OCTOBER 2015 TOPSIDE INSTALLATION COMPLETE
• JANUARY 2016 FIRST OIL
• Employed design one / build two execution strategy with the host facility
• 6 months from Concept Selection to Cutting of First Steel on Hull
• REACHED FIRST OIL AHEAD OF SCHEDULE AND UNDER BUDGET
At work or away from the job site, Anadarko’s Gulf of Mexico operations team views safety as a top priority. Anadarko employees and contractors promote a culture of safety by following the LiveSAFE program.
GREEN CANYON 859
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HEIDELBERG TRUSS SPARTOPSIDE operating WEIGHT
16,000 TONS
CAPACITY
80,000 bopd80 mmcf/d
spar diameter
110 feet
spar length
605 feet
hull weight
23,000 tons
water depth
5,300 feet
SISTER SPAR TO LUCIUS
STRAKE
MOORING FAIRLEAD
MOORING LINE
HARD TANK
SPAR CHAIN
CHAIN JACKS
CELLAR DECK
PRODUCTION DECK
MAIN DECK
SUB CELLAR DECK
LIVING QUARTERS
TRUSS SECTION
KEEL TANK
HEAVE PLATE
TOPSIDESSPAR HULL
ANADARKO PETROLEUM CORPORATION
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design one, build two.
LUCIUS HEIDELBERG
FIRST OIL 2015 FIRST OIL 2016
ADVANTAGES OF “DESIGN ONE: BUILD TWO” STRATEGY• ENHANCED SAFETY
• REDUCTION IN CONCEPT SELECTION AND FEED STAGE GATE SCHEDULE
• REDUCTION IN ENGINEERING RESOURCES FROM CONCEPT SELECT THROUGH DETAILED DESIGN
• REDUCTION IN CHANGE RISK
• REDUCTION IN REGULATORY RISK
• REDUCTION IN FABRICATION RESOURCES
• ENHANCED SCHEDULE EFFICIENCIES
• INCREASED OPERATIONAL EFFICIENCIES/SYNERGIES
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COMPRESSED SCHEDULES AND REDUCED RESOURCES
Concept Selection to Cutting First Steel
Reduction in Fabrication Manhours
Reduction in Engineering Manhours
Lucius Hull 18 Months -- --
Lucius Topsides 22 Months -- --
Heidelberg Hull 5 Months 18% 19%
Heidelberg Topsides 12 Months 22% 33%
Procurement Cycle for Major Topsides Equipment
55% Completion Prior to Loadout
Completion of Detailed Engr Prior to Loadout
Lucius Topsides 22 Months 10 Months 10 Months
Heidelberg Topsides 11 Months 13 Months 14 months
ANADARKO PETROLEUM CORPORATION
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EXPORT
HEIDELBERGDEVELOPMENT• SIX PRODUCTION WELLS
• Stand alone spar development (80,000 bopd, 80,000 mmscfd)
• two drill centers
• dual looped 8” flowlines
• 16” oil and gas export lines
HULL
TOPSIDE
CHAIN
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UMBILICALS
FLOWLINE
HEIDELBERG PARTNERS• Anadarko* 44%• Cobalt 9.375%• Eni 12.5% • ExxonMobil 9.375%• Marubeni 12.75%
• Statoil 12.0%
* Operator
ANADARKO PETROLEUM CORPORATION
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SUBSEA ARCHITECTURE
OIL EXPORT TIE-IN SLEEPER
GC859 DRILL CENTER GC903 DRILL CENTER NAW GAS EXPORT TIE-IN
FLOWLINE HOLDBACK SYSTEM
GC 859 MANIFOLD
GC 903 MANIFOLD
OIL EXPORT PLET
HEIDELBERG SPAR
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hull constructionPORI, FINLAND
HULL CHRISTENING
ANADARKO PETROLEUM CORPORATION
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Voyage from finland to texasSEPTEMBER 2014 TO OCTOBER 2014(27 days and 7,300 nautical miles)
MIGHTY SERVANT 1 ARRIVES IN INGLESIDE, TX
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ROUTE FROM PORI, FINLAND TO INGLESIDE, TEXAS
PoriSeptember 28, 2014
InglesideOctober 25, 2014
ANADARKO PETROLEUM CORPORATION
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FLARE
LIVING QUARTERS
LAB BUILDING
FLOWLINE HEATERS
A
WEST CRANE
A: GAS COMPRESSOR EXHAUST SILENCER B: GAS COMPRESSOR INLET AIR ENCLOSURE
NORTH STAIR TOWER
SOUTHWEST CRANE BOOM REST
NORTHEAST CRANE BOOM REST
DIESEL DRIVEN AIR COMPRESSOR SKID
WASTE HEAT RECOVERY UNIT EXHAUSTS
SOUTHWEST CELLAR DECK EXTENSION
TEMPORARY WORK DECK
SUB CELLAR MODULE
WEST STAIR TOWER
B
MOTOR CONTROL CENTER
TEMPORARY WORK DECK FLOAT
topsides
COMPRESSOR MODULEOne of six modules built in Houma, LA
PRODUCTION DECK FLOATLIVING QUARTERSBuilt in Orange, TX
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MOORING SYSTEM DETAILS
BUILT IN INGLESIDE, TX
SUCTION PILE
MOORING CHAIN
BUILT IN SPAIN
BUILT IN PORTUGAL
POLYESTER MOORING ROPES
• 9 total mooring lines
• Suction Piles: Length = 112’, Diameter = 18’
• Platform Chain: Length = 1030’, Diameter = 6”
• Polyester Rope: Average length = 7376’, Diameter = 10”
• Ground Chain: Length = 352’, Diameter = 6”
ANADARKO PETROLEUM CORPORATION
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deep water INSTALLATION VESSELSBALDER - HULL AND MOORING INSTALLATION
THIALF - TOPSIDE INSTALLATION
LUCIUS TOPSIDE INSTALLATION
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SLEEPER INSTALLATION
VIKING POSEIDON
OIL EXPORT PIPELINE INSTALLATION
ALLSEAS LORELAY
SEVEN BOREALIS
• OIL & GAS EXPORT LINE INSTALLATION
• RISER INSTALLATION
• PRODUCTION FLOWLINE INSTALLATION
SKANDI NEPTUNE
• UMBILICAL INSTALLATION• JUMPER INSTALLATION• MANIFOLD INSTALLATION• CONTROL SYSTEM INSTALLATION
ANADARKO PETROLEUM CORPORATION
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OIL EXPORT INSTALLATIONS• 35 miles of new 20” pipeline installed
GAS EXPORT• 9 miles of new 16” pipeline installed
PORT ARTHUR
PORT FOURCHON
GARDEN BANKS GREEN CANYON
KEATHLEY CANYON
SOUTH TIMBALIER 283
SHIP SHOAL 332
LAROSE GAS PROCESSING PLANT
TEXAS LOUISIANA
GARDEN BANKS 72
HIGH ISLAND
OIL EXPORT LINE
GAS EXPORT LINT
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HEIDELBERG: PATH TO FIRST OIL
2014 - 20162014Subsea flowline installationHull sail-away to Gulf of Mexico
2015Install hull, risers, umbilicalsLoad-out and install Topsides
2015-2016Hook-up and commissioning
2016Conclude initial drilling and completions
JANUARY 2016first oil
DEVE
LOPM
ENT D
RILL
ING
AND
WEL
L COM
PLET
IONS
ASIA PACIFIC
EUROPE & EURASIA
AFRICA
MIDDLE EAST
SOUTH & CENTRAL AMERICA
NORTH AMERICA
60
60144909
172100
174
338327
1,186
455
8,700
WORLDWIDE JOB IMPACT
OVER 13,000 PEOPLE EMPLOYED FOR THE HEIDELBERG PROJECT
ANADARKO PETROLEUM CORPORATION
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REGARDING FORWARD-LOOKING STATEMENTS AND OTHER MATTERS
This presentation 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 presentation, including Anadarko’s ability to timely complete and commercially operate the projects and drilling prospects identified in this presentation and achieve production and budget expectations on its mega projects. See “Risk Factors” in the company’s 2014 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 Investors - The U.S. 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. We may use terms in this presentation, such as “resources,” “net resources,” “net discovered resources,” “gross resource,” “gross recoverable resources,” “gross resource opportunity,” “estimated net resources,” “recoverable natural gas,” “net opportunity,” and similar terms that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the oil and gas disclosures in our Form 10-K for the year ended December 31, 2014, File No. 001-08968, available from us at www.anadarko.com or by writing us at: Anadarko Petroleum Corporation, 1201 Lake Robbins Drive, The Woodlands, Texas 77380 Attn: Investor Relations. You can also obtain this form from the SEC by calling 1-800-SEC-0330.
1201 LAKE ROBBINS DRIVE | THE WOODLANDS, TEXAS 77380
1.832.636.1000 | WWW.ANADARKO.COM | NYSE: APC