Statoil and co-venturer ExxonMobil have discovered gas in Block 2 offshore Tanzania. The discovery of 4-6 tcf (113-169 bcm) of natural gas in place in the Tangawizi-1 well brings the total in-place volumes up to 15-17 tcf (425-481 bcm). The companies have so far completed five wells within 15 months and will continue with further wells in 2013. Recoverable gas volumes in the range of 10-13 tcf (283-368 bcm) brings further robustness to a future decision on a potential LNG project.
Statoil operates the licence on Block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC) and has a 65% working interest, with ExxonMobil Exploration and Production Tanzania Limited holding the remaining 35%. Statoil has been in Tanzania since 2007, when it was awarded the operatorship for Block 2.
Source: Statoil