Anadarko Petroleum's exploration program is the "most robust" in the exploration and production sector, a UBS analyst report determined. The company made several finds in Ghana, Mozambique, Ivory Coast and the Gulf Mexico in 2012 and 2013. Anadarko's "exploration program has been so efficient at discovering large-scale resource at a low cost that it has been able to monetize a portion of its discoveries to effectively fund its efforts," according to the report.

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