Mitsui in US shale joint venture

Mitsui E&P USA will pay $1.4 billion to become a 32.5% partner in Anadarko’s Marcellus Shale assets, primarily located in north-central Pennsylvania.

Mitsui will gain approximately 100,000 net acres in exchange for funding 100% of Anadarko’s share of development costs in 2010, and 90% of these costs thereafter. All obligations are estimated to be completed by 2013.

Mitsui will also have the opportunity to purchase a 32.5% share of Anadarko’s existing wells and additional acreage acquisitions for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: