Statoil, Exxon Find Gas Offshore Tanzania
October 14 2014 - 5:19AM
Dow Jones News
OSLO--Norwegian oil company Statoil ASA (STO) said Tuesday that
with its partner ExxonMobil Corp. (XOM) it has discovered 1.2
trillion cubic feet of natural gas, or 216 million barrels of oil
equivalent, in the Giligiliani-1 well offshore Tanzania, the joint
venture's seventh discovery in the block 2 area.
"This discovery has proven the gas play extends into the western
part of block 2, which opens additional prospects," said Nick
Maden, senior vice president for Statoil's exploration activities
in the Western Hemisphere. "Our success rate in Tanzania has been
high."
Statoil is the operator of the block 2 license, on behalf of the
Tanzania Petroleum Development Corporation, with a 65% working
interest. ExxonMobil holds 35%.
Write to Kjetil Malkenes Hovland at
kjetilmalkenes.hovland@wsj.com
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