Anadarko (APC +3.2%) says it will sell a 12.75% interest in the Heidelberg deepwater oil project...

|About: Anadarko Petroleum Corporation (APC)|By:, SA News Editor

Anadarko (APC +3.2%) says it will sell a 12.75% interest in the Heidelberg deepwater oil project in the Gulf of Mexico to an undisclosed party for $860M to ensure funding until production starts in 2016. APC will continue to operate the project with a 31.5% interest; XOM, APA, E and STO own the remaining stake in the field, estimated to hold up to 400M barrels of recoverable resources.