Anadarko: Energy company of the year 2009

Anadarko Energy Awards

Anadarko Petroleum Corporation has been given two major oil and gas awards by Platts.

At a recent ceremony, the oil giant won the 2009 Energy Company of the Year award and the its Chairman, President and CEO, James T. Hackett was named 2009 CEO of the year by Platts, a leading global provider of energy and commodities information serving customers across more than 150 countries.

Larry Neal, president of Platts, said "it's no surprise that the judges found Jim and his firm to be exemplary of not only leadership, but execution."

Three years ago Anadarko acquired two major competitors, and the judges highlighted the transformation within the company since then and during the recent global economic crisis. The judges praised the company and its CEO for successfully steering Anadarko through numerous divestitures, exceeding its production targets, restoring its balance sheet and maintaining its commitment to exploration, which paid off in one of the world's top 10 discoveries offshore Ghana, as reported by Scandoil.com.

"It is a tremendous honor"

In his acceptance speech, Hackett said: "It is a tremendous honor to accept these awards on behalf of our employees.

"I would like to thank Platts for this recognition and also express my gratitude to our Board of Directors for supporting our vision, and to all of the professional men and women at Anadarko who successfully deliver upon our commitments while adhering to our core values, which include serving others.

"We are proud to be a part of an industry that provides an essential resource for the health and welfare of our world. This has been a very good operational year for Anadarko, and we look forward to continued success in 2010 and beyond."

The Platts Global Energy Awards judge the Energy Company of the Year on innovation, strategic vision, financial results, customer care, operational excellence and sustainability initiatives.

Anadarko caught in a storm with the government

Earlier this eyar Anadarko were caught up in a storm with the US government when the Supreme Court passed a ruling that the Obama Administration claimed could block the federal government from collecting as much as $53 billion in royalties from energy companies drilling in the deep waters in the Gulf of Mexico.

The ruling meant that Anadarko no longer owed the Interior Department at least $350 million in royalties for production beginning in 2002.

But since 2006, Anadarko has designed a portfolio of assets that combines producing properties that have consistently met or exceeded the company's sales-volumes guidance with worldwide deep water exploration prospects that have resulted in numerous material discoveries in Brazil, the Gulf of Mexico and West Africa.

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