Kerr-McGee Pigments - Botlek Rt

Company description

Kerr-McGee Corp. is one of the largest U.S.-based independent oil and natural gas exploration and production companies, with proved reserves of more than 1.2 billion barrels of oil equivalent at year-end 2004, including approximately 242 million BOE of reserves from discontinued operations in the North Sea. The company’s producing fields are located in the United States onshore, the Gulf of Mexico and the Bohai Bay area of China. In addition, Kerr-McGee explores for oil and gas in its core areas and in world-class proven hydrocarbon trends including the North Slope of Alaska and offshore Angola, Bahamas, Benin, Brazil, Morocco, and Trinidad and Tobago.

Kerr-McGee’s balanced portfolio of high-quality oil and gas assets is being further strengthened by the pending divestiture of selected lower-growth, higher-decline properties, including its North Sea assets, Gulf of Mexico shelf properties and select U.S. onshore properties.

On Aug. 8, 2005, Kerr-McGee announced that it has agreements to sell all of its North Sea operations. For more details on the agreements, see the Aug. 8 news release

Founded in 1929, Kerr-McGee has been listed on the New York Stock Exchange since 1956 under the ticker symbol KMG.

At Kerr-McGee, our values influence everything we do. We are committed to quality, safety, environmental responsibility and ethical conduct.

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Products

As one of the largest U.S.-based independent oil and natural gas exploration and production companies, Kerr-McGee is focused on delivering consistent, repeatable per-share growth to its stockholders. To accomplish this, the company has implemented a three-pronged strategy that includes accelerated development onshore, highly focused exploration and creative business development. In line with this strategy, we have divested lower-growth, higher-decline properties, and we are well positioned for future growth with an oil and gas portfolio that includes a large inventory of repeatable low-risk development projects, as well as high-potential exploration prospects in world-class proven hydrocarbon basins.


As the world's premier independent deepwater exploration and production company, Kerr-McGee has a history of pioneering technological innovations that give it a distinct competitive advantage. Such technologies enable us to tap hard-to-reach natural resources in a cost-effective, safe and environmentally responsible manner. Today, we're producing oil and gas from fields in water depths that were considered beyond reach just a few years ago.