Anadarko Petroleum Corporationbrazil, announced its second pre-salt discovery in Brazil at the Itaipu prospect in block BM-C-32 in the Campos Basin. The 1-DEV-15-ESS (Itaipu) well encountered more than 90 net feet of oil in a high-quality pre-salt carbonate reservoir of similar characteristics and quality to the neighboring giant Jubarte complex.

The Itaipu well was drilled to a total depth of approximately 16,300 feet in 4,400 feet of water.

“The positive results of this well and the success of our other pre-salt activities in Brazil’s Campos Basin give us a number of reasons to be excited about the area’s substantial resource
opportunities,” Anadarko Sr. Vice President, Worldwide Exploration Bob Daniels said. “The success at Itaipu, coupled with our discovery at Wahoo on the adjacent BM-C-30 block and its successful appraisal at Wahoo #2 five miles to the north, continues to enhance the differentiating value of our
portfolio in this expanding world-class petroleum complex.”

The Itaipu well is located approximately 16 miles north of Anadarko’s original Wahoo discovery and six miles southeast of Petrobras’ pre-salt Jubarte complex, which is currently flowing light oil on a long-term test through the Jubarte FPSO. Partners in Itaipu are currently planning a sidetrack to this well and anticipate further appraisal drilling in 2010.

Anadarko, through a wholly owned subsidiary, holds a 33.3-percent working interest in BMC- 32. Devon Energy Corp. operates the block with a 40-percent working interest and SK Energy Co., Ltd. holds the remaining 26.7-percent working interest.

Anadarko and partners are preparing to sidetrack Wahoo #2 to gather additional data from the well. Once sidetrack drilling is complete, the partnership plans to move the rig to the Wahoo discovery well to conduct a drillstem test and then return to Wahoo #2 for another drillstem test. This activity is in addition to the company’s plans to drill up to two exploration/appraisal wells on block BM-C-30 in 2010.