Anadarko Petroleum (APC +0.2%) says it discovered a new deepwater Gulf of Mexico oil play, as...

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

Anadarko Petroleum (APC +0.2%) says it discovered a new deepwater Gulf of Mexico oil play, as its Phobos-1 well entered ~250 net feet of high-quality oil; the find marks APC's third deepwater success this year. Co-owners include Plains Exploration (PXP -0.6%), with a 50% working interest, and Exxon (XOM -1.4%), with a 20% working interest.