Anadarko ‘closely monitoring’ its Algeria operations

Anadarko Petroleum Corp., which has three oil and gas production sites in Algeria, is “closely monitoring” events there following an attack and hostage crisis at a BP-related facility.

Anadarko, based in The Woodlands, is among several companies with active oil and gas operations in Algeria and neighboring Libya.

“We continue to closely monitor the situation in Algeria,” Anadarko spokesman John Christiansen said in an email. “The safety and security of our personnel is our highest priority, and for their protection, we will not discuss security precautions or actions at or around our operations.”

Spanish and British oil companies have said they are evacuating their Algerian energy facilities as a result of the hostage situation, according to the AP.

Anadarko sells oil from Algeria by tanker, mostly to customers around the Mediterranean Sea, according to Securities and Exchange Commission filings.

The company reported $2.3 billion in sales out of Algeria in 2011, according to Anadarko’s most recent annual report.

Anadarko’s closest site to the In Amenas natural gas field where the attack occurred is its El Merk oil development, which is expected to start production this year, according to a note from James Sullivan, an analyst for Alembic Global Advisors.

The site is set to ramp up production to 135,000 barrels per day when it hits its target capacity, Sullivan said.

Shares in Anadarko fell about 1 percent on the New York Stock Exchange following the incident at the In Amenas field, but have since rebounded and were up less than 1 percent in afternoon trading.