Anadarko Petroleum Corporation released early reports of new oil discovery off the coast of Sierra Leone, called the Venus site, of which the company owns 40% interest.
From Sung Moss, TheStreet.com:
NEW YORK (The Street) -- Oil inventory metrics will be in full view today, but it was news of a big oil find in Africa that stirred many reports in the early going.
On Wednesday morning, Anadarko Petroleum (APC Quote) announced the finding of a huge, new oil system off the coast of Sierra Leone. The Venus site, as it's called, was drilled to about 18,500 feet deep in 5,900 feet of water, encountering more than 45 net feet of hydrocarbon pay, according to Anadarko's press release.
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